The cryptocurrency market is generally falling, with BTC falling below $74,000, and only the DeFi sector remains relatively strong.

According to SoSoValue data on May 29, the cryptocurrency market sectors are generally declining. The NFT sector fell by 4.68% in 24 hours, with Pudgy Penguins (PENGU) down 4.46% and Audiera (BEAT) down 14.38% within the sector. Meanwhile, Bitcoin (BTC) fell by 1.21% in 24 hours, breaking below $74,000; Ethereum (ETH) fell by 0.79%, briefly dropping below $2,000. Only the DeFi sector rose against the trend, with a 24-hour increase of 0.35%, including Hyperliquid (HYPE) up 6.79% and Dexe (DEXE) up 5.53%. In other sectors, the PayFi sector rose by 0.00% in 24 hours, with Stellar (XLM) up 13.35% within the sector; the Layer1 sector fell by 0.80%, but Algorand (ALGO) rose by 7.72%; the Meme sector fell by 1.02%, with Pump.fun (PUMP) down 5.06%; the Layer2 sector fell by 1.12%, with Stacks (STX) relatively strong, up 1.84%; the CeFi sector fell by 1.25%, with OKB (OKB) rising 1.45% intraday.