The crypto sector fell for the second consecutive day, with the DePIN sector leading the decline, falling by more than 4%.

PANews reported on January 16th that, according to SoSoValue data, the cryptocurrency market sector declined for the second consecutive day. The DePIN sector led the decline with a 4.22% drop in the past 24 hours. Within the sector, Filecoin (FIL) fell 8.55%, and Golem (GLM) fell 10.07%. Additionally, Bitcoin (BTC) fell 0.74%, dropping below $95,000, while Ethereum (ETH) remained relatively resilient, declining 0.21% and still hovering around $3,300.

In other sectors, the CeFi sector fell 0.37% in the last 24 hours, but NEXO (NEXO) rose 1.13%; the Layer 1 sector fell 1.32%, while TRON (TRX) rose 2.30% intraday; the PayFi sector fell 2.11%, while Dash (DASH) bucked the trend and rose 3.50%; the Layer 2 sector fell 2.52%, while Mantle (MNT) rose 0.99%; the DeFi sector fell 2.59%, while River (RIVER) still rose significantly by 8.12%; and the Meme sector fell 2.93%, while MemeCore (M) rose 1.65%.