The crypto sector has declined for two consecutive days, with the DePIN sector leading the decline by over 4%.

PANews January 16 News, according to SoSoValue data, the crypto market sector has declined for two consecutive days. The DePIN sector led the decline over the past 24 hours with a drop of 4.22%. Within the sector, Filecoin (FIL) fell by 8.55%, and Golem (GLM) decreased by 10.07%. Additionally, Bitcoin (BTC) declined by 0.74%, dropping below $95,000. Ethereum (ETH) remained relatively resilient, down by 0.21%, and stayed around $3,300. In other sectors, the CeFi sector declined by 0.37% over 24 hours, but NEXO (NEXO) rose by 1.13%; the Layer1 sector fell by 1.32%, while TRON (TRX) surged by 2.30% during the day; the PayFi sector declined by 2.11%, but Dash (DASH) defied the trend with a 3.50% increase; the Layer2 sector dropped by 2.52%, with Mantle (MNT) up by 0.99%; the DeFi sector decreased by 2.59%, while River (RIVER) still surged significantly by 8.12%; the Meme sector declined by 2.93%, but MemeCore (M) increased by 1.65%.