ChainCatcher reports, according to SoSoValue data, cryptocurrency market sectors have significantly risen, with increases generally ranging from 2% to 9%. On the news front, Trump signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, with approximately $9 trillion in retirement funds potentially becoming a long-term stable funding source for the crypto market. Additionally, expectations of Russia-Ukraine ceasefire have boosted market sentiment. Layer 2 sector rose 9.53% in 24 hours, with Mantle (MNT) increasing 25.77% and Zora (ZORA) rising 34.35%.
Meanwhile, Ethereum (ETH) rose 5.67%, briefly breaking through $3,900, and Bitcoin (BTC) increased 1.79%, currently trading at $116,000. Notably, MAG7.ssi rose 5.00%, MEME.ssi increased 6.82%, and DEFI.ssi rose 7.81%.
Other standout sectors include: PayFi sector up 9.09%, with XRP rising 11.21% after formally ending a 4-year legal dispute with the SEC, and Stellar (XLM) surging 14.41%; Non-Fungible Token sector up 7.75%, with Pudgy Penguins (PENGU) rising 6.68%; RWA sector up 7.41%, with Pendle (PENDLE) and Keeta (KTA) increasing 26.69% and 28.56% respectively.
In other sectors, DeFi rose 6.02%, with Chainlink (LINK) up 10.32%; meme sector increased 5.96%, with BUILDon (B) rising 16.72%; Layer 1 sector up 3.32%, with Hedera (HBAR) increasing 8.07%; CeFi sector rose 2.51%, with Hyperliquid (HYPE) up 6.72%.
The cryptocurrency sector index reflecting historical market trends showed ssiLayer2, ssiPayFi, and ssiRWA indices rising 9.62%, 9.28%, and 7.45% respectively.
