TechFlow news, March 7 — According to SoSoValue data, the crypto market turned downward again on Friday, as U.S. President Trump's executive order to establish a Bitcoin strategic reserve fell short of market expectations. Bitcoin (BTC) dropped 4.21% over 24 hours, briefly falling below the $85,000 level, while Ethereum (ETH) declined 4.72%, slipping beneath $2,200. Additionally, the ETF Candidates sector fell 4.07%, with Cardano (ADA) plunging 11.77% within the sector.
In other sectors, CeFi dropped 1.35% over 24 hours, though Bitget Token (BGB) remained relatively strong, rising 1.20%. PayFi declined 2.11%, and Layer2 fell 3.10%, yet Movement (MOVE) rose逆势 by 6.62%. The Meme sector dropped 3.97%, and Layer1 fell 4.01%, with Sui (SUI) posting a逆势 gain of 3.11%. DeFi plunged 5.42%, although Ethena (ENA)逆势 increased by 6.92%.
Furthermore, cryptocurrency sector indices reflecting historical performance show that ssiRWA, ssiDeFi, and ssiMAG7 fell 6.21%, 5.47%, and 3.79% respectively over the past 24 hours. Notably, the weekly returns for ssiMAG7 and ssiPayFi reached 6.20% and 14.17% respectively.
