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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, with reduced expectations for large-rate cuts in September, market sentiment cooled down, and the crypto market experienced a broad decline over the past 24 hours, with generally a drop of about 2% to 9%. Among them, the Meme sector fell 8.62% in 24 hours, within the sector, Pepe (PEPE), SPX6900 (SPX), Fartcoin (FARTCOIN) respectively declined 10.43%, 10.97%, 13.52%. Additionally, Ethereum (ETH) fell 2.43%, temporarily dropping below $4,500, now rebounding above $4,600. Bitcoin (BTC) declined 3.85%, breaking below $119k.
In other sectors, the CeFi sector fell 1.18% in 24 hours, within the sector, LEO Token (LEO) remained relatively strong, rising 1.57%; Layer1 sector declined 3.25%, among which, Algorand (ALGO) dropped 9.86%; PayFi sector declined 6.57%, Velo (VELO) fell 10.55%; DeFi sector declined 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) respectively rose 2.19%, 2.28%; Layer2 sector declined 6.73%, SKALE (SKL) defied the trend and rose 47.98%.
Reflecting the historical market trends of sectors, the crypto sector indices ssigameFi, ssimeme, ssiai respectively declined 8.57%, 8.55%, 8.35%.