This week's cryptocurrency market showed signs of breaking away from last week's comprehensive decline, with some sectors rebounding. However, many sectors are still experiencing downward pressure, with notable temperature differences between sectors.
According to the market capitalization change rate by sector collected by Artemis as of the 2nd, only 3 out of 24 major sectors successfully turned positive.
The most notable increase was in Non-Fungible Token applications (+28.0%). This sector produced a strong technical rebound with clear inflows and overlapping bottom-buying demand. Following that, Bridge (+3.9%), Derivative DEX (+2.5%), and Value Storage (+0.4%) sectors also recorded increases.
In contrast, most sectors still could not escape the downward trend. Particularly, Data Availability (–13.4%), Bitcoin Ecosystem (–6.3%), Staking Services (–3.6%), Utility and Services (–3.2%), First-Generation Smart Contracts (–3.2%), and Meme Coins (–3.3%) showed relatively large declines.
Additionally, most theme and infrastructure-based sectors continued to weaken, including RWA (–1.9%), Privacy Coins (–1.5%), AI (–1.1%), DeFi (–1.5%), Exchange Tokens (–1.3%), Oracles (–1.3%), Social (–3.5%), and Data Services (–1.1%).
Bitcoin declined by –1.4%, Ethereum by –0.4%, and XRP by –0.2%, with major large-cap assets showing relatively limited declines.
Overall, the market is showing a mixed trend with the recovery of strong sectors and adjustment of weak sectors. While interest in thematic assets temporarily recovers, large tokens are showing a gradual price defense amid a wait-and-see attitude.
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