According to CoinMeta, the crypto market saw a widespread correction, with the meme sector leading the decline by nearly 9%. Based on sosovalue data, influenced by factors such as soaring oil prices, a burst in PMI, hawkish statements from Federal Reserve officials, and a surge in U.S. Treasury yields, BTC once fell below $84,000, and ETH dropped below $2,700. The meme sector led the losses over 24 hours with a decline of 8.80%, among which SPX6900 fell by 17.64%, and useless as well as coin both fell by 14.13%. Meanwhile, the cefi sector declined by 2.81%, layer1 by 3.47%, DeFi by 4.74%, payfi by 5.42%, layer2 by 6.08%, and ai by 6.96%. However, sosovalue managed to rise against the trend by 7.02%.