Broad Rally Across Crypto Market Sectors, with Only Layer2 and AI Sectors Declining

Odaily Planet Daily News — On June 16, according to SoSoValue data, driven by a combination of factors including Trump’s call for a ceasefire between Israel and Iran, the cryptocurrency market sectors generally saw a recovery after consecutive pullbacks. Only the Layer2 and AI sectors declined, with 24-hour drops of 0.86% and 1.06% respectively. Within the Layer2 sector, Celestia (TIA) and Mantle (MNT) fell by 1.45% and 2.33% respectively. The decline in the AI sector was mainly due to a liquidity crisis at Polyhedra Network (ZKJ), with ZKJ plunging 83.23% in 24 hours. However, other tokens such as Render (RENDER) and Fetch.ai (FET) still rose by 2.58% and 4.89% respectively.

In addition, Ethereum (ETH) rose 0.66% in 24 hours, rebounding to $2,500, while Bitcoin (BTC) increased by 0.40%, climbing above $105,000.

In other sectors, the Layer1 sector rose 2.48% in 24 hours, with Solana (SOL) up 7.38%. In the PayFi sector, Bitcoin Cash (BCH) and Keeta (KTA) rose by 5.72% and 6.20% respectively. The DeFi sector increased by 1.36%, with Sky (SKY) and Jupiter (JUP) up 5.27% and 6.05% respectively. The CeFi sector rose 0.72%, with Hyperliquid (HYPE) up 3.01%. The Meme sector increased by 0.18%, with Fartcoin (FARTCOIN) and SPX6900 (SPX) up 4.91% and 6.57% respectively.