According to SoSoValue data from Odaily, on October 16th, while all sectors of the crypto market declined, the AI sector bucked the trend, rising for two consecutive days, with a 24-hour gain of 4.51%. Within the sector, ChainOpera AI (COAI) surged another 56.47%, following yesterday's surge of over 25%. Meanwhile, Bitcoin (BTC) fell 1.29%, falling below $112,000. Meanwhile, Ethereum (ETH) dropped 2.60%, dropping to around $4,100.

In other sectors, the CeFi sector fell 1.99% in 24 hours. Within the sector, FTX (FTT) rose against the trend by 9.79%; the Layer 1 sector fell 2.57%, among which TRON (TRX) was relatively strong, rising 0.95%; the PayFi sector fell 2.69%, but Dash (DASH) rose 3.83%; the Meme sector fell 3.15%, and MemeCore (M) climbed 1.61% during the session; the DeFi sector fell 3.89%, and PancakeSwap (CAKE) fell 10.07%; the Layer 2 sector fell 4.74%, and within the sector, Mantle (MNT) and Zora (ZORA) fell 5.91% and 8.51% respectively.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiAI, ssiGameFi, and ssiLayer 2 indices fell by 5.00%, 4.86%, and 4.78%, respectively.