Data: Broad Rebound in Crypto Markets, PayFi Sector Leads with Over 6% Gain, BTC Rises to $114,000

ChainCatcher reports that according to SoSoValue data, after a period of sustained decline, the crypto market has rebounded, with most sectors seeing gains of approximately 2% to 6%. Notably, the PayFi sector led the way with a 24-hour increase of 6.58%. Within this sector, XRP, Telcoin (TEL), and Stellar (XLM) rose by 6.86%, 9.67%, and 10.94% respectively. Meanwhile, Ethereum (ETH) climbed 3.23%, breaking through the $3,500 mark. Bitcoin (BTC) rose 1.22%, recovering to $114,000.

It is worth noting that MAG7.ssi increased by 2.73%, MEME.ssi by 4.78%, and DEFI.ssi by 5.54%.

Other standout sectors include: the NFT sector, which rose 4.94% in 24 hours, with Pudgy Penguins (PENGU) up 8.49%; the DeFi sector, up 4.64%, with Ethena (ENA) surging 15.07% and Jupiter (JUP) up 6.30%; and the RWA sector, up 4.63%, with Pendle (PENDLE) and Keeta (KTA) rising 6.46% and 13.08% respectively.

In other sectors, the Meme sector rose 3.69%, with Pump.fun (PUMP) and Bonk (BONK) up 7.08% and 7.60% respectively; the Layer2 sector increased by 3.32%, Layer1 by 2.42%, and Hedera (HBAR) by 7.02%; the CeFi sector rose 1.80%, with Cronos (CRO) up 3.44%.

Indices reflecting historical sector performance show that the ssiPayFi, ssiNFT, and ssiDeFi indices rose by 6.92%, 6.71%, and 5.57% respectively.