PANews reported on October 22nd that according to SoSoValue data, most sectors of the crypto market fell today. The Layer 2 sector saw a 24-hour drop of 5.15%, with Starknet (STRK) down 7.01% and Mantle (MNT) down 9.22%. Merlin Chain (MERL) bucked the trend with a 4.89% gain. Among major cryptocurrencies, Ethereum (ETH) fell 1.99%, falling below $3,900; Bitcoin (BTC) dropped 1.35%, falling below $109,000. Among other sectors, Layer 1, PayFi, Meme, DeFi, and CeFi all fell by over 1.5%, indicating weak overall market sentiment.
The crypto market fell across the board, with the Layer2 sector leading the decline by over 5%, and ETH falling below $3,900
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