Data: The entire crypto market is under pressure, with the Meme sector leading declines of over 8%, and ETH temporarily falling below $4,500.

ZkProver · 2026-04-06T14:41:58+00:00

Affected by the US July PPI exceeding expectations, market sentiment cooled down, and the expectation of a rate cut in September weakened. The crypto market generally declined, with a drop of about 2% to 9% over the past 24 hours. The Meme sector experienced the largest decline, with some tokens like Pepe, SPX, and Fartcoin falling more than 10%. Ethereum and Bitcoin declined, and CeFi and other sectors also showed weakness.

ZkProver

2026-04-06 14:41:58

Abstract generation in progress

ChainCatcher message: According to SoSoValue data, driven by the major upside surprise in the U.S. July PPI, expectations for a significant rate cut in September weakened, market sentiment cooled, and in the past 24 hours the entire crypto market saw setbacks across the board, with most declines ranging from about 2% to 9%. Among them, the Meme sector fell 8.62% over the past 24 hours; within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) dropped 10.43%, 10.97%, and 13.52%, respectively. In addition, Ethereum (ETH) fell 2.43%, briefly dropping below $4,500, and is now recovering to above $4,600. Bitcoin (BTC) fell 3.85%, dropping below $119k.

As for other sectors, the CeFi sector fell 1.18% over the past 24 hours; within the sector, LEO Token (LEO) was relatively steady, rising 1.57%. The Layer1 sector fell 3.25%, including Algorand (ALGO) down 9.86%. The PayFi sector fell 6.57%, with Velo (VELO) down 10.55%. The DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) rose 2.19% and 2.28%, respectively. The Layer2 sector fell 6.73%, while SKALE (SKL) surged 47.98% against the trend.

Crypto sector indices reflecting the sectors’ historical performance show that the ssiGameFi, ssiMeme, and ssiAI indices fell 8.57%, 8.55%, and 8.35%, respectively.

ETH-1,27%

PEPE-3,31%

SPX-1,96%

FARTCOIN-1,06%

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