PANews August 18 news, according to SoSoValue data, today the cryptocurrency market continued its downward trend, but the DeFi sector rose against the trend by 1.81%. Within the sector, Chainlink (LINK) surged by 14.32%. In news, LINK announced an on-chain reserve mechanism and its strategic cooperation with ICE, the parent company of the New York Stock Exchange. Bitcoin (BTC) fell by 1.08% in 24 hours, dropping below $117,000, while Ethereum (ETH) decreased by 0.35%, falling below $4,400. In other sectors, the Layer 1 sector dropped by 0.37%, but Cardano (ADA) remained relatively strong, rising by 1.56%. The Layer 2 sector fell by 0.38%, with ex-MATIC (POL) and Arbitrum (ARB) rising against the trend by 5.34% and 7.73%, respectively. The CeFi sector declined by 0.94%, while LEO Token (LEO) slightly climbed by 2.29%. The Meme sector fell by 1.13%, with MemeCore (M) peaking at 7.15% during the day. The PayFi sector dropped by 2.06%, while Monero (XMR) increased by 4.20%.
