Crypto Market Sees Broad Decline, Meme Sector Leads Losses Down Over 3%, Only Layer2 and DePIN Sectors Gain

Crypto Market Sees Broad Decline, Meme Sector Leads Losses Down Over 3%, Only Layer2 and DePIN Sectors Gain

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Odele News: On September 14, according to SoSoValue data, affected by the escalating situation in the Middle East and ongoing developments surrounding AI safety and other factors, the overall cryptocurrency market trended downward. The Meme sector led the losses with a 24-hour decline of 3.57%, with Cash Cat (CASHCAT) down 10.36%, Pons (PONS) down 14.25%, and Niu Lai down 27.82%. Meanwhile, Bitcoin (BTC) fell 0.55% and Ethereum (ETH) fell 1.65%, settling above $76,000 and $2,400, respectively.

Additionally, the DePIN sector emerged with 24-hour gains of 3.49%, including Filecoin (FIL) rising 21.43% and Arweave (AR) rising 9.41%; The Layer2 sector rose 0.24%, with Lisk (LSK) rising 56.89% within the sector.

Elsewhere, CeFi is down 1.35% in 24 hours, with Gate (GT) down 2.45%. The Layer1 sector was down 1.86%, with Zcash (ZEC) down 4.05%; The DeFi sector fell 1.95%, with Jupiter (JUP) down 2.61%; The PayFi sector fell 2.35%, with Monero (XMR) falling 4.11%.

Cryptocurrency sector indices reflecting the historical performance of the sector show that ssiDePIN, ssiAI, and ssiMeme rose 5.52%, fell 3.28%, and fell 3.04%, respectively.