PANews January 16 News, according to SoSoValue data, the crypto market sector has declined for two consecutive days. The DePIN sector led the decline over the past 24 hours with a drop of 4.22%. Within the sector, Filecoin (FIL) fell by 8.55%, and Golem (GLM) decreased by 10.07%. Additionally, Bitcoin (BTC) declined by 0.74%, dropping below $95,000. Ethereum (ETH) remained relatively resilient, down by 0.21%, and stayed around $3,300.
In other sectors, the CeFi sector declined by 0.37% over 24 hours, but NEXO (NEXO) rose by 1.13%; the Layer1 sector fell by 1.32%, while TRON (TRX) surged by 2.30% during the day; the PayFi sector declined by 2.11%, but Dash (DASH) defied the trend with a 3.50% increase; the Layer2 sector dropped by 2.52%, with Mantle (MNT) up by 0.99%; the DeFi sector decreased by 2.59%, while River (RIVER) still surged significantly by 8.12%; the Meme sector declined by 2.93%, but MemeCore (M) increased by 1.65%.
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
Wintermute: From a 12-18 month perspective, BTC's current price is quite attractive
Wintermute analyzes market conditions, believing that macro factors dominate, and cryptocurrencies are showing resilience with weakened correlation to stocks. Currently, the leverage in the cryptocurrency market is relatively low, resulting in less selling pressure. Although there is still room for further decline, deleveraging seems to have passed, and whether the future performance can be sustained remains to be seen. The FOMC meeting is a recent catalyst.
GateNews7m ago
PI Token Maintains Bullish Trend as Anticipation for Pi Day Grows
PI token trades above $0.21 after rallying over 25% in the past 7 days as anticipation for the upcoming Pi Day on March 14 grows.
PiScan recorded 3 million PI deposits to exchanges in 24 hours, suggesting near-term profit taking which could reverse the bullish trend.
Pi Network’s PI token tr
CryptoNewsFlash13m ago
Glassnode Data: Most XRP Supply in Loss, What It Means for Investors
Glassnode data shows 36.8 billion XRP, nearly 60% of the circulating supply, is held at a loss, with unrealized losses reaching $50.8 billion.
XRP traded near $1.34, while futures volume jumped on BitMEX and Binance as ETF outflows and weak spot activity kept pressure on price.
Glassnode dat
CryptoNewsFlash27m ago
Is the 'Bitcoin Pyramid' Cracking? Peter Schiff Predicts Forced BTC Liquidations by MicroStrategy - U.Today
Peter Schiff criticizes Michael Saylor's Bitcoin strategy, labeling it a "Bitcoin pyramid." He argues that Saylor’s preferred stock, STRC, may force the first Bitcoin sale due to its dependence on cash from new investments or reserves to pay dividends, risking liquidation.
UToday34m ago
Pi Network Approaches Key Price Level — Breakout or Bull Trap Ahead?
Price Action: PI trades near $0.20 supply zone after short-term 5% rally.
Technical Signals: H4 chart bullish, but higher timeframe trends remain bearish.
Trading Strategy: Watch $0.1857 support and $0.216 resistance for breakout or bull trap confirmation.
Pi Network has shown
CryptoNewsLand1h ago
Chainlink builds a bridge between traditional finance and blockchain, driving demand for LINK
Chainlink is emerging as a crucial bridge between traditional finance and blockchain, particularly as asset tokenization grows. Its oracle network provides verified data and compliance for tokenizing assets, while Payment Abstraction v2 allows businesses to pay in fiat, converting to LINK tokens. This creates continuous demand for LINK, supported by large organizations testing the technology.
TapChiBitcoin1h ago