The cryptocurrency market recorded a strong rebound after a series of adjustments, with widespread increases ranging from 2% to 8%. Ethereum (ETH) stood out by rising 8.28% within 24 hours, breaking through the $2,700 threshold. Bitcoin (BTC) was not far behind, increasing 3.93% and surpassing the $110,000 mark – an extremely important technical milestone that attracted FOMO capital from institutional investors.
The MAG7.ssi index increased by 4.33%, MEME.ssi led with 6.09%, and DEFI.ssi exploded with an 8.30% increase. Particularly, the DeFi sector rose 7.64% in 24 hours, with Uniswap (UNI) and Aave (AAVE) surging 11.98% and 13.04% respectively. This indicates that capital flows are strongly shifting towards decentralized protocols, gradually reducing dependence on traditional CeFi.
The Meme Token segment also saw heating up with a 7.48% increase. Fartcoin (FARTCOIN) and SPX6900 (SPX) stood out with impressive gains of 11.87% and 17.25% respectively. Trading density and liquidation in this group surged, reflecting the return of high-risk speculative waves.
The AI sector in the cryptocurrency market also made a 7.46% leap, led by Virtuals Protocol (VIRTUAL) increasing 10.14% and Bittensor (TAO) rising 10.27%. This prospect stems from the spillover effect of AI applications into DeFi and Non-Fungible Token, creating superior technological momentum.
Layer2 solutions grew steadily at 5.71%. Optimism (OP) and Arbitrum (ARB) increased 8.42% and 8.83% respectively. This is evidence of infrastructure consolidation, reducing gas prices for the Ethereum network, supporting Smart Money capital flows that are prioritizing open ecosystem.
The Sui ecosystem increased 5.65% for the day, with SUI Token rising 5.68%, Walrus (WAL) increasing 7.83%, and Cetus Protocol (CETUS) breaking out 9.10%. Layer1 also consolidated its position with a 4.43% increase; Solana (SOL) rose 4.80%, reaffirming its role as a trigger for new DeFi trends.
The PayFi block increased 2.99%, the CeFi block rose 2.95%, with Hyperliquid (HYPE) particularly surging 11.40%. The entire cryptocurrency market shows capital flows are being restructured, focusing on projects with technological foundations and potential to establish new trends. Investors need to pay attention to the "momentum" of capital flows, avoiding uncontrolled FOMO with high-beta assets in the currently extremely volatile market.
