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
Solana Drops to $78 as Bulls Guard $75 Support
Key Insights
Solana trades near $78 after a sharp pullback, while technical indicators show momentum stabilizing around key support levels this week.
Analysts project a potential recovery toward $95 to $105 within four weeks if bulls defend the $75 zone convincingly.
Bollinger Bands and
CryptoFrontNews24m ago
The CLARITY Act is expected to pass by mid-year! JPMorgan: "8 Major Bullish Factors" ignite the cryptocurrency market in the second half of the year
JPMorgan's analysis team expects the U.S. Digital Asset Market Clarity Act (CLARITY Act) to complete legislation by mid-year, serving as a positive catalyst for the cryptocurrency market in the second half of the year. The bill will provide a clear regulatory framework for the crypto industry, promote innovation, and attract institutional investment. Once the bill is passed, it is expected to change the market structure and push Bitcoin's target price to $266,000.
区块客29m ago
Tokenized Gold Dominates Public Price Discovery Over Weekends
Tokenized gold assets, like PAXG and XAUt, are revolutionizing gold price discovery, enabling 24/7 trading and enhancing market liquidity. Their growth exemplifies how blockchain disrupts traditional finance by providing transparency and inclusivity for investors.
Coinfomania48m ago
Strait of Hormuz Tensions Push Up Oil Prices, Bitcoin Faces Liquidity Tests from All Sides
As the Middle East situation intensifies, the Strait of Hormuz has become a focal point for oil supply, disrupting tanker transportation. The expected range for crude oil price fluctuations is $70 to $150. Rising oil prices could impact the Bitcoin market, leading to liquidity tightening and increased deleveraging risks. Over the next four weeks, Bitcoin's performance will be influenced by the situation in the Strait of Hormuz. If the situation eases, the market may regain risk appetite.
GateNews1h ago
Bitcoin's decline has yet to reach the pain point; March may present a strategic accumulation opportunity
Bitcoin fell nearly 15% in February, and the market expects a rebound in March, but analysts warn that current losses are not at their maximum, and prices still have room to decline. Bitcoin's Sharpe ratio is near the bottom, and it may continue to fall to $48,000-$52,000. The unrealized loss rate is as high as 39%, and the historical bottom has not yet arrived. Geopolitical tensions increase market uncertainty, and investors should proceed cautiously. March may be a key window for a phased bottom.
GateNews1h ago