Cryptocurrency Market: Key Trends to Watch Amid Sector Fluctuations

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The cryptocurrency market has recently experienced various fluctuations, with different movements across sectors. Based on SoSoValue data, the current market situation shows broad price adjustments from major virtual assets to various sectors.

Recent Movements of Major Virtual Assets

Bitcoin (BTC) has recently risen 1.88% over the past 24 hours, trading around $89.50K. Compared to when it dipped below $88,000, the rebound is quite noticeable. Ethereum (ETH) is currently trading near $3.03K, up 4.12% over 24 hours, showing a recovery from the previous situation where it fell below $3,000.

CeFi Sector: OKB 4.99% Correction and Sector-Wide Variations

In the CeFi (Centralized Finance) sector, several key tokens are experiencing simultaneous adjustments. Notably, OKB has declined by 4.99%, reflecting a correction phase within the sector. Within the same sector, ASTER has turned around with a 5.71% increase, and BNB is also showing strength with a 3.21% rise. Meanwhile, MX remains relatively stable.

Other Notable Sector Movements

In the Meme sector, SPX6900 has increased by 6.41%, and Layer 2 (L2) sector’s SOON has risen by 0.44%, recovering from the bottom. Risk-Weighted Assets (RWA) sector’s KTA continues its upward trend.

Particularly noteworthy is the Layer 1 (L1) sector’s Canto Network (CC), which has recorded a high increase rate of 12.96%, demonstrating strong performance within the sector. This appears to be driven by recent broad buying interest at lower prices across the overall cryptocurrency market.

Market Summary

The current cryptocurrency market is partially recovering from the previous correction phase, with different recovery speeds across sectors. As major virtual assets turn bullish, a sector-by-sector selective rally is likely to unfold in the future.

BTC0.12%
ETH-1.22%
OKB-0.03%
CC3.87%
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