The crypto market staged a broad rebound following the Federal Reserve's rate cut decision, with the PayFi sector leading gains at 5.03% over 24 hours. Zcash (ZEC) surged 23.28% and Dash (DASH) climbed 17.21% to top the sector. Bitcoin rose 1.28% to break above $76,000, while Ethereum gained 1.63% to trade near $2,400.
Layer2 and Layer1 sectors also posted strong performances, rising 4.91% and 3.71% respectively. Lisk (LSK) jumped 31.79% in Layer2, NEAR Protocol (NEAR) gained 14.64% in Layer1, and Bedrock Token (BR) soared 177.57% in DeFi. The Meme and CeFi sectors added 1.97% and 1.96%, while GameFi was the sole declining sector, dropping 8.10% as Akedo (AKE) fell 32.24%.
Sector indices reflecting historical performance showed ssiAI up 6.02%, ssiLayer2 up 4.98%, and ssiDeFi up 3.77%, confirming widespread strength across crypto asset classes following the monetary policy shift.
Crypto Market Rebounds on Fed Rate Cut; PayFi Sector Leads with 5% Gain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
