The cryptocurrency market continues to pull back, with the PayFi sector leading the decline at 4.37%, while the CeFi sector and BTC remain relatively strong

2025-05-16 11:04:52

Collection

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market continues to pull back, with the PayFi sector leading the decline at 4.37% over the past 24 hours. Among them, XRP fell by 5.28%, while Bitcoin Cash (BCH) rose by 0.63%. The CeFi sector remained relatively strong, increasing by 1.13% over the past 24 hours, with Bitget token (BGB) and Hyperliquid (HYPE) rising by 3.31% and 4.75%, respectively.

In addition, Bitcoin (BTC) rose by 1.12% over the past 24 hours, surpassing $104,000, while Ethereum (ETH) fell by 0.05%, fluctuating around $2,500.

In other sectors, the Layer1 sector fell by 0.23%, but Binance Coin (BNB) and Sui (SUI) rose by 1.01% and 1.33%, respectively. The DeFi sector declined by 1.78%, with Raydium (RAY) peaking at 4.22% during the day; the Meme sector dropped by 2.60%, while Fartcoin (FARTCOIN) and Mog Coin (MOG) rose by 2.48% and 6.94%, respectively; the Layer2 sector fell by 3.88%, with Movement (MOVE) down by 9.34%.

The cryptocurrency sector indices reflecting historical performance show that the ssiCeFi and ssiLayer1 indices rose by 1.34% and 0.05% over the past 24 hours, respectively.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.