Data: Broad Rally in Crypto Market, Layer2 Sector Leads with Over 6% Gain, ETH Surges Past $3,700
According to ChainCatcher, citing SoSoValue data, the crypto market continues its upward rebound, with the Layer2 sector leading the gains over the past 24 hours, up 6.15%. Within the sector, Mantle (MNT) surged by 16.32%, while Optimism (OP) and Zora (ZORA) rose by 5.57% and 10.15% respectively. In addition, Ethereum (ETH) climbed 4.48%, briefly breaking above $3,700. Bitcoin (BTC) edged up 0.29%, trading in a narrow range around $114,000.
Meanwhile, MAG7.ssi increased by 1.93%, MEME.ssi rose by 2.78%, and DEFI.ssi gained 3.89%.
In other sectors, the Meme sector rose 3.33% in the past 24 hours, with MemeCore (M) up 27.57%. The DeFi sector gained 2.82%, with Uniswap (UNI) up 6.93%. The PayFi sector increased by 2.71%, with Litecoin (LTC) up 8.87%. The Layer1 sector rose 2.42%, with Avalanche (AVAX) up 4.20%. The CeFi sector gained 1.78%, with Cronos (CRO) up 7.14%.
In addition, the NFT sector fell 0.10%, with Pudgy Penguins (PENGU) down 1.72%. The SocialFi sector dropped 4.32%, with Toncoin (TON) down 5.50%.
Indices reflecting historical sector performance show that the ssiLayer2, ssiLayer1, and ssiDePIN indices rose by 6.70%, 3.57%, and 3.18% respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gram Is Only Bright Spot in Crypto Bloodbath, Durov Says
AI trading rebounds; storage chip and optical communication stocks rise broadly in U.S. pre-market, CoreWeave surges 17%, oil prices stabilize.
Before the US stock market opened, CoreWeave rose about 17% as its Q3 revenue exceeded expectations and the company raised its annual revenue guidance. Storage chip stocks generally increased, with SK Hynix up about 7% and SanDisk up about 7%. Optical communication stocks also rose, with Coherent up about 9%, Credo up about 8%, and Lumentum up about 8%. Futures for all three major US stock indexes were up: Nasdaq 100 index futures rose 1.6%, S&P 500 index futures rose 0.7%, and Dow Jones index futures rose 0.2%.
Fed repricing lifts US Dollar Index – Deutsche Bank
Crypto prices
More
