Cryptocurrency Market Experiences Slight Pullback, with Layer 2 Sector Leading the Decline by 3.47%, While the SocialFi Sector Remains Relatively Resilient

Blockbeats
17 Apr

BlockBeats News, April 17th, according to SoSoValue data, the crypto market experienced a slight pullback, with the Layer2 sector leading the decline by 3.47%. Within the sector, Celestia (TIA) and Movement (MOVE) decreased by 7.38% and 12.28% in the last 24 hours, respectively.

The SocialFi sector remained relatively resilient, rising by 1.08%, among which Toncoin (TON) saw a 1.24% increase.

In other sectors, the Layer1 sector rose by 0.78%, with Solana (SOL) and Hyperliquid (HYPE) increasing by 3.25% and 4.32%, respectively; the CeFi sector rose by 0.52%, with LEO Token (LEO) and Bitget token (BGB) rising by 1.29% and 1.60%, respectively; the Meme sector rose by 0.25%, with Fartcoin (FARTCOIN) increasing by 3.80%; the PayFi sector rose by 0.52%, with Bitcoin Cash (BCH) and Ultima (ULTIMA) rising by 3.45% and 3.91%, respectively; the DeFi sector fell by 0.58%, but Raydium (RAY) saw a 3.08% increase.

Furthermore, the crypto sector index reflecting historical trends showed that the ssiSocialFi, ssiMAG7, and ssiCeFi indices rose by 0.75%, 0.48%, and 0.41% in the last 24 hours, with the ssiMAG7 enjoying a weekly return rate of 5.26%.

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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