Cryptocurrency stocks fell across the board, with BTC dropping below $108,000 and ETH once falling nearly 8%.

On November 4th, according to SoSoValue data, all sectors of the cryptocurrency market declined, with general drops ranging from 2% to 10%. Bitcoin (BTC) fell 2.31% in the past 24 hours, briefly dipping to around $105,000 before recovering to $107,000. Ethereum (ETH) initially fell nearly 8%, but has since narrowed its losses to 4.94%, rebounding above $3,600. Furthermore, the SocialFi sector led the decline with a 10.10% drop, with Toncoin (TON) falling 10.67% within the sector. In other sectors, the PayFi sector fell 5.55% in the last 24 hours, but Dash (DASH) bucked the trend and rose again for the second consecutive day, gaining 25.71%; the CeFi sector fell 6.54%, and Aster (ASTER) fell 20.72%; the Meme sector fell 6.92%, with MemeCore (M) and BUILDon (B) rising 1.01% and 3.93% respectively; the Layer 1 sector fell 7.06%, with Zcash (ZEC) bucking the trend and rising 7.09%; the DeFi sector fell 7.66%, with World Liberty Financial (WLFI) falling 12.51%; the Layer 2 sector fell 8.48%, with Merlin Chain (MERL) remaining relatively strong, rising 1.13%. Crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiLayer2, and ssiDePIN indices fell 10.21%, 9.05%, and 9.00% respectively.