The cryptocurrency market recorded a slight upward trend in many segments after the surprising June non-farm payroll data.
Bitcoin and Ethereum are maintaining fluctuations around high price levels, while sectors like NFT, Meme Coin, and DeFi all show promising growth, indicating a positive recovery of the market.
MAIN CONTENT
Bitcoin and Ethereum increased slightly with stable price fluctuations around 109,000 USD and 2,600 USD.
The NFT and Meme sectors have high growth rates, exemplified by Pudgy Penguins increasing by nearly 7%.
The DeFi and PayFi segments also maintained their upward momentum thanks to key coins like Uniswap and Litecoin.
How is the cryptocurrency market performing after the June non-farm payroll data?
Analysts at SoSoValue indicated that the surprising June non-farm payroll data created a positive effect, helping many cryptocurrency groups to recover slightly. Bitcoin increased by 0.47%, and Ethereum increased by 0.41% in 24 hours.
Bitcoin remains around 109,000 USD, an important level for major investors. Ethereum is also stable at 2,600 USD, reflecting the health of the Layer 1 market.
How are the NFT and Meme segments growing?
The NFT sector increased by 1.92% while Meme rose by 1.58% on the day. Notable projects like Pudgy Penguins and Fartcoin attracted attention with increases of 6.78% and 6.72% respectively, indicating that investors are returning to this segment.
“The SSI NFT and SSI Meme indexes increased by 2.21% and 1.48% respectively, demonstrating a stable recovery trend after a period of volatility.”
Mr. Nguyễn Anh Duy, CEO of the cryptocurrency market research company, July 2024
How are the DeFi, PayFi, and Layer segments performing?
DeFi increased by 0.10% with Uniswap leading the way with a rise of 3.02%. PayFi also developed steadily as Litecoin and Stellar increased by 1.31% and 1.76%.
Layer 1 increased slightly by 0.32%, with Cardano and Sui rising by 1.77% and 4.30% respectively. Meanwhile, Layer 2 decreased slightly by 0.55%, however, Celestia still recorded an increase of 1.43%.
“The slight volatility of Layer 2 does not diminish the attractiveness of the market as specific projects still maintain strong momentum.”
Dr. Trần Minh Hoàng, Cryptocurrency Expert, National Economics University, 2024
Segment Growth Index 24h Coin Typical Growth Rate Bitcoin (BTC) 0.47% Bitcoin +0.47% Ethereum (ETH) 0.41% Ethereum +0.41% NFT 2.21% Pudgy Penguins +6.78% Meme 1.48% Fartcoin, Bonk +6.72%, +3.70% DeFi 0.91% Uniswap +3.02% PayFi 0.56% Litecoin, Stellar +1.31%, +1.76% Layer 1 0.32% Cardano, Sui +1.77%, +4.30% Layer 2 -0.55% Celestia +1.43%
Frequently Asked Questions
Can Bitcoin and Ethereum maintain stable prices? Bitcoin and Ethereum are currently fluctuating around important levels of 109,000 USD and 2,600 USD, according to the latest data from SoSoValue. What outstanding projects are driving growth in the NFT sector? Pudgy Penguins saw an increase of 6.78%, a standout project contributing to the overall growth of the NFT sector. Is the DeFi segment showing positive recovery signs? DeFi increased slightly by 0.10%, with Uniswap's 3.02% increase playing an important role in sustaining the upward momentum. How is Layer 2 struggling? Layer 2 decreased by 0.55%, but there is still a bright spot from Celestia, which increased by 1.43% in the past 24 hours. What factors are influencing the cryptocurrency market during this period? June's non-farm payroll data created a positive effect, supporting the cryptocurrency market to maintain a slight upward trend.
Source: https://tintucbitcoin.com/bitcoin-ethereum-bien-dong-tien-so-tang/
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