The crypto market continues its downward trend, with the Meme sector leading the decline by over 5%, but BTC rises against the trend.
According to data from SoSoValue, the cryptocurrency market sector continues its downward trend. The Meme sector dropped 5.01% in the past 24 hours, with MemeCore (M), which had previously seen significant gains, falling by 29.56%. However, BUILDon (B) and PIPPIN (PIPPIN) bucked the trend, rising by 11.24% and 39.36% respectively. Meanwhile, Ethereum (ETH) fell by 1.67%, remaining above $2,000. Notably, Bitcoin (BTC) remained relatively strong, rising by 1.13% and breaking through $70,000.
In other sectors, the PayFi sector dropped 0.82% in the past 24 hours, with Telcoin (TEL) rising by 1.82% within the sector. The DeFi sector fell by 0.85%, with Hyperliquid (HYPE) surging 3.26% during trading. The CeFi sector declined by 0.94%, but Aster (ASTER) saw a significant increase of 8.19%. The Layer1 sector dropped 1.87%, with Kaspa (KAS) rising 6.03%. Layer2 fell 1.91%, and Stacks (STX) dropped 3.20%.
Indices reflecting the historical performance of sectors show that the ssiRWA and ssiDeFi indices rose by 3.31% and 1.61% respectively, while the ssiMeme index fell by 6.07%.
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
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
At 21:30 today, the US October PPI annual rate and other data will be released.
After Nvidia (NVDA.US) plunged 32%, Goldman Sachs cited the Apple precedent, while Fundstrat even called for “buying the dip.”
After Nvidia plunged by 32%, Goldman Sachs suggested, drawing parallels with Apple, that its valuation might face pressure before recovering. Tom Lee advocated for "buying the dip," with all differing opinions pointing to declines as investment opportunities.
Crypto prices
More
