The entire crypto market pulls back, with GameFi leading the decline as BTC drops below $93,000

SignatureVerifier · 2026-01-19T02:22:12+00:00

The overall crypto market today experienced a correction, with GameFi and mainstream coins showing weak performance. Bitcoin and Ethereum declined by 2.89% and 3.18% respectively, and multiple sectors were under pressure, but Frax defied the trend with a 31.97% increase. Ecosystem assets and NFTs face significant adjustment pressures.

SignatureVerifier

2026-01-19 02:22:12

Abstract generation in progress

【CryptoPush】The overall crypto sector experienced a correction today, with 24-hour declines ranging from 2% to 9%. GameFi performed the weakest, with a single-day drop of 8.58%. ImmutableX (IMX), GALA, and The Sandbox (SAND) declined by 10.76%, 12.76%, and 11.18% respectively, with ecosystem projects generally under pressure.

In terms of mainstream coins, Bitcoin (BTC) fell by 2.89%, breaking below the key support level of $93,000; Ethereum (ETH) declined by 3.18%, dropping below $3,200.

Looking at sub-sectors, the situation is quite complex. The Layer1 sector decreased by 4.80%, with Sui (SUI) dropping 11.04% in a single day; the DeFi sector fell by 5.97%, but Frax (FRAX) surged against the trend by 31.97%; the Layer2 sector declined by 6.70%, but River (RIVER) continued its strength, rising another 26.40%; Meme sector dropped 7.30%; PayFi and CeFi sectors declined by 4.20% and 2.71% respectively. Notably, Dash (DASH) rose 10.32% against the overall downward trend in PayFi.

From the sector indices, the ssiGameFi, ssiDePIN, and ssiNFT indices declined by 8.84%, 8.97%, and 9.11% respectively, reflecting the correction pressure on ecosystem assets and NFT assets.

BTC-2,57%

ETH-3,22%

IMX-9,91%

GALA-12,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

FlashLoanLord

· 4h ago

GameFi has been hit hard again. Can this thing still be played... How did Frax manage to rise 31% against the trend?

View OriginalReply0

HashRateHustler

· 5h ago

GameFi is being collectively wiped out again, I really can't hold on anymore. This sector needs to reflect and reconsider. --- Breaking 93,000 BTC doesn't feel that scary. Anyway, the bottom buyers haven't turned around yet. --- Why did FRAX surge 31% against the trend? Who's accumulating? There's something interesting here. --- Sui has dropped so badly. Is there anything in the ecosystem about to explode? --- ETH keeps dropping to 3200. I really don't know whether to buy the dip. --- Every major adjustment, GameFi is the first to lie flat. When will this sector turn around? --- The overall correction looks scary, but thinking carefully, isn't it a good opportunity to buy the dip? --- Why haven't old-school GameFi tokens like GALA and SAND rebounded yet? That's a bit unreasonable. --- Layer2 is all green, but it seems like there's no highlight. Has everything been eroded? --- Another day of continuous drops. HODL or cut losses—it's really a tough choice.

View OriginalReply0

GamefiGreenie