The crypto market rose for four consecutive days, with the Layer2 sector rising by more than 6%, and BTC reaching $113,000.

According to SoSoValue data, on September 11th, the sharp drop in the US Producer Price Index (PPI) in August reinforced expectations of interest rate cuts. Meanwhile, SEC Chairman Paul Atkins announced the official launch of Project Crypto, aimed at improving regulatory rules to support the development of on-chain markets. This rekindled crypto market sentiment, with sectors continuing their upward trend. The Layer 2 sector rose 6.64%, with Mantle (MNT) surging another 12.98%, and the newly launched Linea (LINEA) surging 392.60%. Additionally, BTC rose 2.62%, reaching $113,000. Ethereum (ETH) rose 1.50%, breaking through $4,300.

Meanwhile, MAG 7.ssi rose 2.48%, DEFI.ssi gained 1.33%, and MEME.ssi climbed 2.45%.

In other sectors, the Meme sector rose 2.87%, Pump.fun (PUMP) rose 18.58%; the Layer 1 sector rose 2.74%, Avalanche (AVAX) rose 11.55%; the DeFi sector rose 2.23%, MYX Finance (MYX) rose again by 19.44%; the CeFi sector rose 2.11%, Hyperliquid (HYPE) rose 2.96%; the PayFi sector rose 1.74%, and Stellar (XLM) rose 3.53%.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiLayer2, ssiMeme, and ssiGameFi indices rose by 5.36%, 2.66%, and 2.34%, respectively.