Crypto market sees broad gains, Layer2 sector up over 3%, BTC touches $80,000

Odaily Odaily News, August 25: According to SoSoValue data, influenced by a combination of factors including Bessent potentially utilizing nearly one trillion dollars from the TGA for bond purchases and the US expanding economic sanctions against Iran, the crypto market sectors have resumed their upward trend. The Layer2 sector performed notably, rising 3.02% in 24 hours, with Polygon (POL) up 8.50%, Stacks (STX) up 4.76%, and Mantle (MNT) up 2.82%. Meanwhile, Bitcoin (BTC) rose 3.22%, touching $80,000 during trading; Ethereum (ETH) rose 2.38%, breaking through the $2,500 mark again during the session.

It's worth noting that MAG7.ssi rose 2.68%, while DEFI.ssi fell 0.67% and MEME.ssi fell 0.43%.

Across other sectors, the Layer1 sector rose 2.21% in 24 hours, with Solana (SOL) up 6.14%; the CeFi sector rose 2.08%, with OKB (OKB) up 6.49%; the PayFi sector rose 1.97%, with Telcoin (TEL) up 7.81%; and the Meme sector rose 0.44%, with dogwifhat (WIF) up 5.80%.

Additionally, the DeFi sector fell 0.27%, although Ondo Finance (ONDO) remained relatively resilient, rising 5.80%.

According to the crypto sector indices reflecting historical sector performance, the ssiNFT, ssiLayer2, and ssiMAG7 indices rose 3.54%, 3.19%, and 3.07%, respectively.