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The crypto sector is seeing a sustained pullback, while the Meme sector remains relatively resilient.
PANews July 20, according to SoSoValue data, the crypto market sector continues to pull back. The Meme sector remains relatively resilient, up 0.56% over the past 24 hours. Among them, Pepe (PEPE) is up 4.38%, BUILDon (B) is up 31.65%, and Pump.fun (PUMP) is up 22.76%. Meanwhile, Bitcoin (BTC) is down 0.25%, recovering to above $64k; Ethereum (ETH) is up 0.52% and is narrowly consolidating around $1,800.
In other sectors, the Layer2 sector is down 0.11% over the past 24 hours; Mantle (MNT) is relatively strong, up 1.55%. The Layer1 sector is down 0.14%, but Canton Network (CC) is up 3.15%. The PayFi sector is down 0.31%, while Telcoin (TEL) surged 5.05% intraday. The CeFi sector is down 0.41%, with Cronos (CRO) down 2.30%. The DeFi sector is down 0.60%, while Jupiter (JUP) bucked the trend and is up 1.73%.
Crypto sector indices that reflect historical sector performance show that the ssiMeme, ssiNFT, and ssiLayer1 indices are up 1.27%, 0.65%, and 0.45%, respectively.