Data: The crypto market rose across the board, MAG7.ssi rose by more than 6%, and the PayFi sector rose by 17.06%

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ChainCatcher reports that according to SoSoValue data, three cryptocurrency bills were passed in the House of Representatives, causing all crypto market sectors to rise, with increases generally ranging from 2% to 6%. The PayFi sector surged 17.06% in 24 hours, driven by the "Genius Bill" expected to be signed by Trump on Friday. Within the sector, Stellar (XLM) and XRP rose by 11.42% and 18.15% respectively. Additionally, ETH rose 5.85%, breaking through $3,500.

Notably, as core components of MAG7.ssi, the strong upward movement of XRP and ETH has pushed MAG7.ssi to continue rising, reaching a 24-hour increase of 6.37% at the time of reporting, approaching the 0.98 USDT mark. Furthermore, DEFI.ssi rose 6.49%, and MEME.ssi rose 2.56%.

In other sectors, the Layer2 sector rose 5.73%, with Mantle (MNT) rising 11.86%; the DeFi sector rose 4.56%, with Uniswap (UNI), Ondo Finance (ONDO), and Chainlink (LINK) rising 13.01%, 13.31%, and 13.69% respectively; the Layer1 sector rose 4.31%, with Cardano (ADA) and Hedera (HBAR) rising 14.24% and 24.44% respectively; the Meme sector rose 2.95%, with Fartcoin (FARTCOIN) and Dogecoin (DOGE) rising 9.53% and 9.86% respectively; the CeFi sector rose 1.70%.

Crypto sector indices reflecting historical market trends showed that ssiPayFi, ssiDeFi, and ssiRWA indices rose 17.92%, 8.44%, and 6.91% in 24 hours, respectively.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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