ChainCatcher News, March 4th: According to SoSoValue data, the overall crypto market sector is trending downward. Only Layer2, SocialFi, and RWA sectors remain relatively resilient, with 24-hour increases of 1.35%, 1.57%, and 0.12%, respectively. Within the Layer2 sector, Mantle (MNT) rose 3.42%. In the SocialFi sector, Chiliz (CHZ) increased by 5.69%. In the RWA sector, Sky (SKY) went up 1.42%. Meanwhile, the GameFi sector declined 12.34%, but Four (FORM) rose 20.40%, and WEMIX (WEMIX) increased 4.30%.
Bitcoin (BTC) fell 0.93%, dropping below $69,000; Ethereum (ETH) decreased 2.41%, falling below $2,000.
In other sectors, CeFi declined 0.58%; Layer1 decreased 0.78%, with XDC Network (XDC) up 9.41%; PayFi dropped 1.42%, but SafePal (SFP) rose 1.93%; DeFi declined 1.42%, while River (RIVER) defied the trend with a 22.30% increase; Meme sector fell 3.36%; AI sector decreased 3.49%, but Kite (KITE) rose 10.67%.
The crypto sector indices reflecting sector historical performance show that the ssiLayer2, ssiSocialFi, and ssiRWA indices increased by 1.93%, 1.68%, and 1.34%, respectively.
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
Bitcoin Wobbles Despite $1B ETF Inflows Amid Rising Oil Prices
_Oil shock and Fed uncertainty pressure Bitcoin, while ETF inflows fail to restore strong institutional demand._
Bitcoin swung sharply after U.S.-Israel strikes on Iran triggered a weekend risk-off move across
LiveBTCNews23m ago
Bitwise: A weekend attack accelerates the entire financial world's on-chain migration
The author believes that the transformation of the financial industry towards blockchain is inevitable. Although the crypto market may initially only serve fringe users, recent geopolitical events have accelerated this shift. As decentralized exchanges become the core of the market, traditional financial institutions need to adapt quickly to on-chain finance or risk being eliminated.
PANews28m ago
Corporates and Exchanges Rush to Stake Ethereum Instead of Selling
In brief
Roughly 3.4 million ETH is waiting to enter Ethereum’s validator set, creating one of the longest staking queues since the network transitioned to proof-of-stake.
Anecdotal industry feedback suggests major corporates and exchanges are driving much of the demand as they seek yield on
Decrypt47m ago
Bitcoin approaches $70,000: ETF inflows of $1.45 billion over five days, short covering drives rebound
Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.
GateNews52m ago
U.S.-Iran Conflict Escalates! U.S. stocks and Taiwan stocks both plummet, Bitcoin rebounds and temporarily stays above 68,000
The conflict between the US and Iran impacts the market, with TSMC's stock price plummeting to 1,895 yuan and the Taiwan Weighted Index falling by 94.9 points. Conversely, Bitcoin defies the trend and rebounds to $68,062, indicating investor risk aversion. Precious metal prices retreat, with gold dropping to a low of $5,119. Rising international oil prices influence inflation expectations, causing the probability of rate cuts to decrease to 2.6%. The US dollar index rises, and the market expects Bitcoin to break through $75,000 before confirming the end of the bull market.
CryptoCity57m ago
Michael Saylor declares the bear market over and is bullish on Bitcoin reaching $1 million.
MicroStrategy Executive Chairman Michael Saylor announced in an interview with Bloomberg that the Bitcoin bear market will end and predicted a long-term target price of $1 million. He believes that the structural growth in institutional demand has changed market dynamics, leading to increased stability in Bitcoin's price. However, critics cite historical data indicating that Bitcoin still exhibits high volatility and question Saylor's optimistic forecast.
MarketWhisper1h ago