Data: The crypto market suffered setbacks across the board, with the meme sector leading the decline by more than 8%, and ETH once fell below $4,500

ZkProver · 2026-02-08T02:32:32+00:00

Affected by the US PPI exceeding expectations in July, market sentiment cooled, expectations of interest rate cuts in September weakened, and the crypto market generally fell, falling about 2% to 9% in the past 24 hours. The meme sector fell the most, with some coins such as Pepe, SPX, and Fartcoin falling more than 10% each. Ethereum and Bitcoin fell, and CeFi and other sectors also showed weakness.

ZkProver

2026-02-08 02:32:32

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ChainCatcher News: According to SoSoValue data, influenced by the US July PPI significantly exceeding expectations, the September rate cut expectations have weakened, and market sentiment has cooled down. Over the past 24 hours, the cryptocurrency market has been broadly affected, with declines generally ranging from about 2% to 9%. Among them, the Meme sector dropped 8.62% in 24 hours. Within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) fell by 10.43%, 10.97%, and 13.52%, respectively. Additionally, Ethereum (ETH) decreased by 2.43%, temporarily falling below $4,500, but has now rebounded above $4,600. Bitcoin (BTC) declined by 3.85%, breaking below $119,000.

In other sectors, the CeFi sector fell 1.18% in 24 hours. Within this sector, LEO Token (LEO) remained relatively resilient, rising 1.57%. The Layer1 sector declined by 3.25%, with Algorand (ALGO) dropping 9.86%. The PayFi sector decreased by 6.57%, with Velo (VELO) down 10.55%. The DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) increased by 2.19% and 2.28%, respectively. The Layer2 sector declined by 6.73%, while SKALE (SKL) defied the trend, rising 47.98%.

Reflecting the historical performance of the sector indices, the ssiGameFi, ssiMeme, and ssiAI indices respectively dropped by 8.57%, 8.55%, and 8.35%.

MEME-2%

ETH-0,03%

PEPE-0,73%

SPX-1,45%

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