Data: The cryptocurrency market remains sluggish, with only the SocialFi sector relatively strong

ChainCatcher message, according to SoSoValue data, influenced by the unexpected U.S. August PMI and hawkish statements from Federal Reserve officials, the expectation for a rate cut in September has cooled, and the crypto market has generally declined, with only the SocialFi sector rising slightly by 0.73%. Within this sector, Toncoin (TON) increased by 1.92%. Additionally, Bitcoin (BTC) fell by 1.54% in 24 hours, dropping below $113,000. Ethereum (ETH) decreased by 1.80%, maintaining a narrow fluctuation around $4,200.

In other sectors, the CeFi sector dropped by 2.32%, but within the sector, OKB and Huobi (HT) surged by 29.43% and 292.01%, respectively; the PayFi sector fell by 2.86%, with Ultima (ULTIMA) rising for three consecutive days, peaking at 19.17%; the Meme sector declined by 3.13%, with Pump.fun (PUMP) dropping by 7.38%; the Layer1 sector decreased by 3.17%, the DeFi sector fell by 3.37%, and the Layer2 sector dropped by 3.94%, but SKALE (SKL) rose by 10.86%.

The crypto sector index reflecting historical market trends shows that ssiSocialFi increased by 0.98%; ssiCeFi and ssiLayer1 indices fell by 1.38% and 2.38%, respectively.