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BTC $43,552.88 -0.46%
ETH $2,637.32 +1.23%
BNB $312.45 +0.87%
SOL $92.40 +1.16%
XRP $0.5234 -0.32%
ADA $0.8004 +3.54%
AVAX $32.11 +1.93%
DOT $19.37 -1.45%
MATIC $0.8923 +2.67%
LINK $14.56 +0.94%
HAIA $0.1250 +2.15%
Data: The cryptocurrency market has generally declined, with BTC dropping to 13,000 and ETH falling by 2.43%
cryptocurrency

Data: The cryptocurrency market has generally declined, with BTC dropping to 13,000 and ETH falling by 2.43%

Crypto market sees broad declines with BTC at 13,000, ETH below ,600, and major sectors like SocialFi, NFT, and DeFi pulling back sharply.

August 6, 2025
5 min read
@ChainCatcher_

Crypto market sees broad declines with BTC at 13,000, ETH below ,600, and major sectors like SocialFi, NFT, and DeFi pulling back sharply.

Cryptocurrency Market Declines: BTC Drops to $113,000, ETH Falls 2.43%

According to ChainCatcher and SoSoValue data, the US July ISM non-manufacturing PMI missed expectations, increasing stagflation concerns. This macroeconomic backdrop contributed to a general pullback across the cryptocurrency market. Bitcoin (BTC) dropped by 0.76%, falling to $113,000. Ethereum (ETH) saw a sharper decline of 2.43%, breaking below the $3,600 mark.

Sector Performance Overview

  • SocialFi Sector: After a continuous rise, the sector experienced a 6.04% decline within 24 hours. Toncoin (TON) led the losses, down 7.39%.
  • NFT Sector: Fell 5.56% in 24 hours, with Pudgy Penguins (PENGU) dropping 7.80%.
  • RWA Sector: Decreased by 5.48%. Keeta (KTA) dropped sharply by 11.53%, while MANTRA (OM) bucked the trend, rising 2.45%.

    • Other Sector Movements

  • CeFi Sector: Dropped 1.53%, with Hyperliquid (HYPE) down 2.52%.
  • Layer2 Sector: Fell 1.93%. Mantle (MNT) was a notable gainer, rising 8.55% for two consecutive days.
  • Layer1 Sector: Decreased by 2.88%, with Kaspa (KAS) down 6.27%.
  • DeFi Sector: Fell 3.65%, with Maker (MKR) down 8.10%.
  • PayFi Sector: Dropped 3.77%, Stellar (XLM) down 5.16%.
  • Meme Sector: Decreased 5.17%. Bonk (BONK) fell 8.86%, but Pump.fun (PUMP) rose 5.90%, defying the trend.

    • Sector Indices Performance

    The crypto sector indices reflecting historical performance showed declines as follows:
  • ssiSocialFi: -6.69%
  • ssiNFT: -6.20%
  • ssiMeme: -5.13%
    • ChainCatcher reminds readers to approach blockchain investments rationally, enhance risk awareness, and exercise caution regarding virtual token issuances and speculation. All content is for market information and opinion purposes only and does not constitute investment advice.
    Source: ChainCatcher (Published on August 6, 2025)

    Frequently Asked Questions (FAQ)

    Market Movements and Economic Factors

    Q: What caused the recent cryptocurrency market decline? A: The decline was primarily influenced by macroeconomic factors, specifically the US July ISM non-manufacturing PMI missing expectations, which raised concerns about stagflation. Q: Which cryptocurrencies saw significant drops? A: Bitcoin (BTC) dropped by 0.76% to $113,000, and Ethereum (ETH) experienced a sharper decline of 2.43%, falling below $3,600. Q: Were there any sectors that bucked the downward trend? A: While most sectors declined, MANTRA (OM) in the RWA sector saw a rise of 2.45%, and Mantle (MNT) in the Layer2 sector gained 8.55% for the second consecutive day. Pump.fun (PUMP) in the Meme sector also defied the trend with a 5.90% rise.

    Sector-Specific Performance

    Q: How did the SocialFi and NFT sectors perform? A: The SocialFi sector declined by 6.04% in 24 hours, with Toncoin (TON) leading the losses. The NFT sector fell by 5.56% in the same period, with Pudgy Penguins (PENGU) dropping 7.80%. Q: What were the key movements in the RWA, CeFi, and Layer1 sectors? A: The RWA sector decreased by 5.48% (though MANTRA (OM) rose). The CeFi sector dropped by 1.53%, and the Layer1 sector saw a decrease of 2.88%. Q: How did the DeFi and PayFi sectors perform? A: The DeFi sector fell by 3.65%, with Maker (MKR) seeing a significant drop. The PayFi sector declined by 3.77%, with Stellar (XLM) experiencing a notable decrease. Q: What was the performance of the Meme sector? A: The Meme sector decreased by 5.17%, with Bonk (BONK) falling 8.86%, although Pump.fun (PUMP) managed to gain 5.90%.

    Crypto Market AI's Take

    The recent cryptocurrency market pullback, influenced by broader economic concerns such as potential stagflation, highlights the interconnectedness of traditional finance and digital assets. While major cryptocurrencies like Bitcoin and Ethereum experienced declines, the varied performance across different sectors—from SocialFi and NFTs to Layer1 and DeFi—underscores the dynamic nature of the crypto ecosystem. For investors seeking to navigate these fluctuations, understanding the underlying economic drivers and sector-specific trends is crucial. Our AI-powered platform offers real-time market analysis and insights, helping users make informed decisions amidst market volatility. Explore our AI Agents for advanced analytics and trading strategies that can help capitalize on market movements.

    More to Read:

  • Why is Crypto Down Today?
  • Understanding Cryptocurrency Market Cycles
  • The Impact of Macroeconomic Factors on Crypto