PANews January 23 News, according to SoSoValue data, the overall crypto market sector is trending downward, with only GameFi, AI, and RWA sectors remaining relatively resilient, up 1.06%, 0.98%, and 0.67% respectively over the past 24 hours. Within the GameFi sector, The Sandbox (SAND) increased by 8.57%, and Axie Infinity (AXS) rose by 7.06%. In the AI sector, Render (RENDER) increased by 5.36%, and the newly launched Sentient (SENT) surged by 482.08%. In the RWA sector, Pendle (PENDLE) and Sky (SKY) increased by 2.08% and 2.35% respectively.
Additionally, Bitcoin (BTC) decreased by 0.35%, falling below $90,000; Ethereum (ETH) decreased by 2.10%, falling below $3,000.
Regarding other sectors, the CeFi sector declined by 0.09% over 24 hours, with NEXO (NEXO) remaining relatively strong, up 0.53%; Layer1 sector declined by 0.37%, but Zcash (ZEC) increased by 3.33%; DeFi sector decreased by 0.97%, with River (RIVER) maintaining an upward trend recently, rising again by 27.07%; PayFi sector declined by 1.53%, with SafePal (SFP) defying the trend, rising by 4.63%; Meme sector decreased by 2.20%, with PIPPIN (PIPPIN) surging 3.52% during the session; Layer2 sector declined by 2.98%, with Merlin Chain (MERL) dropping by 19.10%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Woo on BTC Price: 'Bull Trap Incoming' - U.Today
Willy Woo warns investors against short-term optimism in Bitcoin's price, indicating a potential bear trap despite possible relief rallies. He emphasizes that the market remains in a bearish phase and that the current conditions do not signify a market bottom.
UToday39m ago
After a 15% drop from the weekly high, is Ethena facing the risk of a deeper decline?
Ethena (ENA) experienced a brief surge to $0.12, driven by optimistic sentiment and increased trading volume. However, it has since dropped about 15%, revealing long-term bearish trends. Resistance levels suggest potential further declines towards $0.085.
TapChiBitcoin47m ago
Dogecoin Price Jumps as Derivatives Demand Signals Breakout
Key Insights
Dogecoin surged to a weekly high of $0.103 as improving market sentiment and strong derivatives demand encouraged traders to position for further gains.
Futures data from CoinGlass showed a positive funding rate, indicating long traders are paying premiums while positioning for
CryptoFrontNews1h ago
Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions
Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.
区块客2h ago
Retail investors are not trading cryptocurrencies but stocks? Cryptocurrency market liquidity is moving to the US stock market, AI helps interpret financial reports and boosts confidence
Wintermute's research indicates that retail cryptocurrency funds are flowing heavily into the US stock market, reversing the correlation to become negatively correlated. As liquidity in the crypto market declines, retail investors prefer mature stock markets, aided by generative AI enhancing their investment capabilities. Cryptocurrencies are gradually becoming part of asset allocation.
CryptoCity4h ago