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Data: The entire crypto market is under pressure, with the Meme sector leading declines of over 8%, and ETH temporarily falling below $4,500.
ChainCatcher News, based on SoSoValue data, influenced by the U.S. July PPI significantly exceeding expectations, with the September rate cut expectations weakening, market sentiment cooling down, and the entire crypto market being affected over the past 24 hours, with generally declines of about 2% to 9%. Among them, the Meme sector dropped 8.62% in 24 hours, within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) respectively fell 10.43%, 10.97%, and 13.52%. Additionally, Ethereum (ETH) declined 2.43%, temporarily falling below $4,500, now rebounding above $4,600. Bitcoin (BTC) dropped 3.85%, falling below $119k.
In other sectors, the CeFi sector declined 1.18% over 24 hours, within which LEO Token (LEO) remained relatively resilient, rising 1.57%; the Layer1 sector fell 3.25%, with Algorand (ALGO) dropping 9.86%; the PayFi sector declined 6.57%, with Velo (VELO) down 10.55%; the DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) respectively rose 2.19% and 2.28%; the Layer2 sector declined 6.73%, with SKALE (SKL) defying the trend and rising 47.98%.
Reflecting the historical performance of sector indices, the crypto sector indices ssigameFi, ssimeme, and ssiai respectively declined 8.57%, 8.55%, and 8.35%.