🔵The cryptocurrency market is generally down, with only the DeFi sector rising by 1.81%.
DeThings, August 18 - According to SoSoValue data, the cryptocurrency market continues its downward trend today, but the DeFi sector has risen by 1.81%. Within the sector, Chainlink (LINK) surged by 14.32%. In news, LINK announced an on-chain reserve mechanism and its strategic partnership with ICE, the parent company of the New York Stock Exchange. Bitcoin (BTC) has dropped by 1.08% in the last 24 hours, falling below $117,000, while Ethereum (ETH) decreased by 0.35%, dropping below $4,400. In other sectors, the Layer1 sector fell by 0.37%, but Cardano (ADA) remained relatively strong, rising by 1.56%. The Layer2 sector decreased by 0.38%, with ex-MATIC (POL) and Arbitrum (ARB) rising against the trend by 5.34% and 7.73%, respectively. The CeFi sector fell by 0.94%, while LEO Token (LEO) slightly increased by 2.29%. The Meme sector dropped by 1.13%, with MemeCore (M) peaking at 7.15% during the session. The PayFi sector fell by 2.06%, while Monero (XMR) rose by 4.20%.
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