Data: The entire crypto market is under pressure, with the Meme sector leading declines of over 8%, and ETH temporarily falling below $4,500.

ZkProver · 2026-04-05T13:51:24+00:00

Affected by the US July PPI exceeding expectations, market sentiment cooled down, and the expectation of a rate cut in September weakened. The crypto market generally declined, with a drop of about 2% to 9% over the past 24 hours. The Meme sector experienced the largest decline, with some tokens like Pepe, SPX, and Fartcoin falling more than 10%. Ethereum and Bitcoin declined, and CeFi and other sectors also showed weakness.

ZkProver

2026-04-05 13:51:24

Abstract generation in progress

ChainCatcher message. According to SoSoValue data, driven by a sharp upside surprise in the U.S. July PPI, expectations for a major rate cut in September weakened, market sentiment cooled, and over the past 24 hours the entire crypto market was hit across the board, with typical declines of about 2% to 9%. Among them, the Meme sector fell 8.62% over 24 hours. Within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) declined 10.43%, 10.97%, and 13.52%, respectively. In addition, Ethereum (ETH) fell 2.43%, briefly dropping below $4,500, and has since rebounded to above $4,600. Bitcoin (BTC) fell 3.85%, dropping below $119k.

In other sectors, the CeFi sector fell 1.18% over 24 hours. Within the sector, LEO Token (LEO) held up relatively well, rising 1.57%. The Layer1 sector fell 3.25%, including Algorand (ALGO) falling 9.86%. The PayFi sector fell 6.57%, with Velo (VELO) down 10.55%. The DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) rose 2.19% and 2.28%, respectively. The Layer2 sector fell 6.73%, while SKALE (SKL) rose 47.98% against the trend.

Crypto sector indexes that reflect sector historical performance show that the ssiGameFi, ssiMeme, and ssiAI indexes fell 8.57%, 8.55%, and 8.35%, respectively.

ETH0.02%

PEPE-2.57%

SPX-2.03%

FARTCOIN-2.92%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes