Cryptocurrency Sector Loses Momentum Two Days After Bounce, SocialFi and CeFi Sectors Remain Relatively Strong

Blockbeats
14 Mar

BlockBeats News, March 14th. According to SoSoValue data, the cryptocurrency sector, after a two-day rebound, is now showing weakness, with most sectors experiencing a 24-hour decline of around 1% to 3%. Among them, Bitcoin (BTC) is down by 2.77% and Ethereum (ETH) is down by 1.23%.

Of note, the SocialFi and CeFi sectors are relatively resilient, with the SocialFi sector seeing a 1.52% increase in the last 24 hours. Within the sector, Toncoin (TON) has risen by 2.34%; the CeFi sector has risen by 0.48%, with Binance Coin (BNB) rising by 1.49% in the last 24 hours, influenced by factors such as the Abu Dhabi investment company MGX investing in Binance. At the same time, the sector historical performance indexes ssiSocialFi and ssiCeFi have risen by 3.20% and 0.67% respectively in the last 24 hours, but their weekly returns are -5.66% and -3.22%.

In other sectors, the PayFi sector has risen by 0.40%, with XRP and Stellar (XLM) rising by 1.61% and 3.87% respectively within the sector; the Layer1 sector has fallen by 0.66%, the Meme sector has fallen by 1.44%, but OFFICIAL TRUMP (TRUMP) has risen against the trend by 9.43%; the DeFi sector has fallen by 2.02%, and the Layer2 sector has fallen by 2.66%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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