Data: The crypto market suffered setbacks across the board, with the meme sector leading the decline by more than 8%, and ETH once fell below $4,500

ZkProver · 2026-02-24T10:19:59+00:00

Affected by the US PPI exceeding expectations in July, market sentiment cooled, expectations of interest rate cuts in September weakened, and the crypto market generally fell, falling about 2% to 9% in the past 24 hours. The meme sector fell the most, with some coins such as Pepe, SPX, and Fartcoin falling more than 10% each. Ethereum and Bitcoin fell, and CeFi and other sectors also showed weakness.

ZkProver

2026-02-24 10:19:59

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ChainCatcher News: According to SoSoValue data, influenced by the US July PPI significantly exceeding expectations, the market’s expectation for a large rate cut in September has weakened, leading to a cooling of market sentiment. Over the past 24 hours, the cryptocurrency market has been broadly affected, with declines ranging from approximately 2% to 9%. Among them, the Meme sector dropped 8.62% in 24 hours. Within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) fell by 10.43%, 10.97%, and 13.52%, respectively. Additionally, Ethereum (ETH) declined 2.43%, briefly falling below $4,500, but has now rebounded above $4,600. Bitcoin (BTC) dropped 3.85%, breaking below $119,000.

In other sectors, the CeFi sector declined 1.18% over 24 hours. Within it, LEO Token (LEO) remained relatively strong, rising 1.57%. The Layer1 sector fell 3.25%, with Algorand (ALGO) dropping 9.86%. The PayFi sector declined 6.57%, with Velo (VELO) down 10.55%. The DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) increased by 2.19% and 2.28%, respectively. The Layer2 sector declined 6.73%, while SKALE (SKL) defied the trend, rising 47.98%.

The crypto sector index reflecting sector historical performance shows that the ssiGameFi, ssiMeme, and ssiAI indices fell by 8.57%, 8.55%, and 8.35%, respectively.

MEME0,52%

ETH3,52%

PEPE-0,02%

SPX8,58%

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