PANews reported on August 15 that, according to SoSoValue data, influenced by the significantly higher-than-expected U.S. July PPI, expectations for a substantial rate cut in September have weakened, and market sentiment has cooled. The entire cryptocurrency market has suffered in the past 24 hours, with a general decline of about 2% to 9%. Among them, the Meme sector fell by 8.62% in 24 hours, with Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) falling by 10.43%, 10.97%, and 13.52%, respectively. In addition, Ethereum (ETH) fell by 2.43%, briefly dropping below $4,500, and has now risen above $4,600. Bitcoin (BTC) fell by 3.85%, dropping below $119,000.
In other sectors, the CeFi sector fell by 1.18% in 24 hours, with LEO Token (LEO) relatively strong, rising by 1.57%; the Layer1 sector fell by 3.25%, with Algorand (ALGO) down by 9.86%; the PayFi sector fell by 6.57%, with Velo (VELO) down by 10.55%; the DeFi sector fell by 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) rose by 2.19% and 2.28%, respectively; the Layer2 sector fell by 6.73%, but SKALE (SKL) rose against the trend by 47.98%.
The cryptocurrency sector index reflecting the historical market trends of the sector shows that the ssiGameFi, ssiMeme, and ssiAI indices fell by 8.57%, 8.55%, and 8.35%, respectively.
