PANews reported on August 14 that, according to SoSoValue data, the cryptocurrency market continues its upward trend, with a general increase of about 2% to 8% in 24 hours. Bitcoin (BTC) rose 3.58%, briefly breaking $124,000, setting a new historical high, with a market capitalization of $2.457 trillion, surpassing Alphabet (Google) and climbing to fifth place in the global mainstream asset rankings. Ethereum (ETH) rose 3.44%, breaking $4,700. Meanwhile, MAG7.ssi rose 5.22%, DEFI.ssi rose 6.68%, and MEME.ssi rose 8.74%.
The outstanding performing sectors also include: the Layer2 sector rose 8.33% in 24 hours, with Arbitrum (ARB) and zkSync (ZK) rising 16.36% and 16.39% respectively; the Meme sector rose 5.59%, with OFFICIAL TRUMP (TRUMP) and Fartcoin (FARTCOIN) rising 7.01% and 10.17% respectively; the CeFi sector rose 5.39%, with OKB significantly rising 132.71%. In terms of news, OKX will burn approximately 65.25 million historical repurchased and reserved OKB in one go, fixing the total issuance at 21 million; the Layer1 sector rose 4.89%, with Cardano (ADA) rising 13.30%.
In other sectors, the PayFi sector rose 3.60%, with Velo (VELO) rising 9.83%; the DeFi sector rose 3.30%, with Uniswap (UNI) rising 7.08%.
The cryptocurrency sector indices reflecting historical performance show that the ssiLayer2, ssiMeme, and ssiCeFi indices rose 9.73%, 6.03%, and 5.40% respectively.
