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Data: The entire crypto market is under pressure, with the Meme sector leading declines of over 8%, and ETH temporarily falling below $4,500.
ChainCatcher News, based on SoSoValue data. Influenced by the U.S. July PPI significantly exceeding expectations, and September rate-cut expectations weakening, market sentiment cooled, and the entire crypto market suffered setbacks across the board over the past 24 hours, with declines generally reaching about 2% to 9%. Among them, the Meme sector fell 8.62% over 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%, once dropping below $4,500, and has since rebounded to above $4,600. Bitcoin (BTC) fell 3.85%, breaking below $119k.
In other sectors, the CeFi sector fell 1.18% over 24 hours; within the sector, LEO Token (LEO) remained relatively resilient, rising 1.57%. The Layer1 sector dropped 3.25%, including Algorand (ALGO) down 9.86%. The PayFi sector fell 6.57%, with Velo (VELO) down 10.55%. The DeFi sector declined 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) rose 47.98% against the trend.
The crypto sector indices reflecting sector historical performance show that the ssiGameFi, ssiMeme, and ssiAI indices fell by 8.57%, 8.55%, and 8.35%, respectively.