Cryptocurrency stocks fell across the board, with Layer 2 crypto leading the decline at nearly 7%, and BTC dropping below $87,000.

The cryptocurrency market saw widespread declines across all sectors, with 24-hour drops generally ranging from 2% to 7%. The Layer 2 crypto sector fell 6.71%, with Zora (ZORA), Linea (LINEA), and Movement (MOVE) dropping 10.39%, 10.41%, and 13.61% respectively. Additionally, Bitcoin (BTC) fell 1.71%, dropping below $87,000, and Ethereum (ETH) fell 4.27%, reaching around $2,800.