Data: The cryptocurrency market has surged significantly, with the Layer 2 sector leading with an increase of over 9%, and ETH reaching a peak of over 3900 USD

ChainCatcher news indicates that, according to SoSoValue data, various sectors of the cryptocurrency market have seen significant increases, with gains generally reaching about 2% to 9%. On the news front, Trump signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, which could make approximately $9 trillion in retirement funds a long-term stable source for the crypto market. Additionally, rising expectations for a ceasefire between Russia and Ukraine have boosted market sentiment. The Layer 2 sector rose 9.53% in 24 hours, with Mantle (MNT) up 25.77% and Zora (ZORA) up 34.35%.

At the same time, Ethereum (ETH) rose 5.67%, briefly breaking through $3900, while Bitcoin (BTC) increased by 1.79%, currently reported at $116,000. Notably, MAG7.ssi rose 5.00%, MEME.ssi increased by 6.82%, and DEFI.ssi went up by 7.81%.

Other standout sectors include: the PayFi sector, which rose 9.09%, with XRP, which officially ended a 4-year legal dispute with the SEC, up 11.21%, and Stellar (XLM) soaring 14.41%; the NFT sector increased by 7.75%, with Pudgy Penguins (PENGU) up 6.68%; the RWA sector rose 7.41%, with Pendle (PENDLE) and Keeta (KTA) increasing by 26.69% and 28.56%, respectively.

In other sectors, the DeFi sector rose 6.02%, with Chainlink (LINK) up 10.32%; the Meme sector increased by 5.96%, with BUILDon (B) rising 16.72%; the Layer 1 sector rose 3.32%, with Hedera (HBAR) up 8.07%; and the CeFi sector increased by 2.51%, with Hyperliquid (HYPE) up 6.72%.

The cryptocurrency sector indices reflecting historical market performance show that the ssiLayer2, ssiPayFi, and ssiRWA indices rose by 9.62%, 9.28%, and 7.45%, respectively.