Crypto Market Sees Broad Gains as Layer2 Sector Surges
The crypto market has seen broad gains, driven by a combination of factors including potential bond purchases and expanded economic sanctions. According to SoSoValue data, the Layer2 sector was particularly strong, rising 3.02% in 24 hours with notable performers including Polygon (POL) up 8.50%, Stacks (STX) up 4.76%, and Mantle (MNT) up 2.82%. Bitcoin (BTC) also rose significantly, touching $80,000 during trading.
The Layer1 sector saw a rise of 2.21% in 24 hours, with Solana (SOL) up 6.14%. The CeFi sector rose 2.08%, with OKB (OKB) up 6.49%. Meanwhile, the DeFi sector fell 0.27%, although Ondo Finance (ONDO) remained relatively resilient.
Indices reflecting historical sector performance also showed gains, including ssiNFT, ssiLayer2, and ssiMAG7 indices rising 3.54%, 3.19%, and 3.07% respectively.