PANews reported on October 31st that, according to SoSoValue data, the cryptocurrency market saw a broad-based correction, with most sectors experiencing declines of 2% to 9%. The AI sector led the decline, falling 8.60% in the past 24 hours. Within the AI sector, Virtuals Protocol (VIRTUAL) and Fartcoin (FARTCOIN) fell 10.96% and 13.75% respectively, while ChainOpera AI (COAI) plummeted 41.71%. Additionally, Ethereum (ETH) fell 2.15%, dropping below $3,900. Bitcoin (BTC) fell 0.98%, falling below $107,000 before recovering to above $100,000.

In other sectors, the CeFi sector fell 2.87% in the last 24 hours, with WhiteBIT Token (WBT) showing relative resilience, rising 2.30%. The Layer 1 sector fell 3.74%, with Sui (SUI) falling 7.15%. The PayFi sector fell 3.78%, but eCash (XEC) rose 2.05%. The Meme sector fell 4.70%, with MemeCore (M) bucking the trend and rising 7.69%. The DeFi sector fell 5.16%, with AERO (Aerodrome Finance) climbing 6.99% intraday. The Layer 2 sector fell 7.46%, with Mantle (MNT) falling 10.25%.