BlockBeats News, May 16th, according to SoSoValue data, the crypto market continued to pull back, with the PayFi sector leading the decline by 4.37% in the past 24 hours. Specifically, XRP dropped by 5.28%, while Bitcoin Cash (BCH) saw a 0.63% increase. The CeFi sector remained relatively strong, with a 1.13% increase in the past 24 hours. Within the sector, Bitget token (BGB) and Hyperliquid (HYPE) rose by 3.31% and 4.75%, respectively.
In addition, Bitcoin (BTC) rose by 1.12% in the past 24 hours, reaching above $104,000, while Ethereum (ETH) fell by 0.05%, trading in a narrow range around $2,500.
As for other sectors, the Layer1 sector declined by 0.23%, but Binance Coin (BNB) and Sui (SUI) rose by 1.01% and 1.33%, respectively. The DeFi sector dropped by 1.78%, with Raydium (RAY) spiking 4.22% intraday; the Meme sector fell by 2.60%, with Fartcoin (FARTCOIN) and Mog Coin (MOG) rising by 2.48% and 6.94%, respectively; the Layer2 sector declined by 3.88%, with Movement (MOVE) dropping by 9.34%.
The crypto sector index reflecting historical market trends shows that the ssiCeFi and ssiLayer1 indices rose by 1.34% and 0.05%, respectively, in the past 24 hours.
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