PANews reported on January 8 that according to SoSoValue data, the crypto market may generally fall back due to macro factors, but the PayFi and CeFi sectors are relatively strong. They fell back by -3.56% and -3.82% respectively. It is worth noting that Bitget Token (BGB) in the CeFi sector rose against the trend by 5.93%, with monthly and annual returns as high as 164.23% and 940.47% respectively.
SoSo Value analysts said that the US non-manufacturing PMI in December and the number of job vacancies in November released today both exceeded expectations, showing the strength of the US economy and the resilience of employment, which led the market to bet on no interest rate cuts or even interest rate hikes in the first half of 25 years. The US Treasury yield rose sharply to 4.7%, bringing about a price correction in risky assets such as US stocks and cryptocurrencies.
In terms of other sectors, the Layer 1 sector fell -6.95%, the DePIN sector fell -8.43%, the DeFi sector fell -9.46%, the Layer 2 sector fell -9.47%, and the Meme sector fell -10.81%. In addition, the AI Agents sector, which had a high increase yesterday, fell -10.25% today.
