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The market generally pulls back, with Layer 2 leading the decline, and BTC falling below $87,000.
【Crypto World】On December 18, the crypto market experienced a general correction, with most sectors declining between 2% and 7% over the past 24 hours.
The Layer2 sector performed the weakest, dropping 6.71%, with industry leaders facing setbacks—Linea (LINEA) down 10.41%, Zora (ZORA) down 10.39%, and Movement (MOVE) falling 13.61%, making it the biggest loser.
In mainstream cryptocurrencies, Bitcoin (BTC) declined 1.71%, failing to hold the $87,000 level; Ethereum (ETH) was under greater pressure, dropping 4.27% to around $2,800.
Other sectors also showed poor performance. The DeFi sector fell 5.65%, with Hyperliquid (HYPE) down 7.91%; the Layer1 sector declined 3.78%, with Zcash (ZEC) dropping 7.36%; the PayFi sector decreased 3.27%, with Ultima (ULTIMA) plunging 11.88%. The CeFi sector fell 3.68%, but Canton Network (CC) defied the trend, rising 8.54%. The Meme sector declined 4.65%, but some projects showed resilience—PIPPIN up 16.61%, MemeCore (M) up 3.14%.
Data indicates that this correction mainly impacted emerging public chains and DeFi ecosystems, while some defensive assets demonstrated resilience.