Crypto markets broadly decline, but the NFT sector bucks the trend with a nearly 30% surge

According to SoSoValue data on June 11, the crypto market sectors continued their downward trend. The AI sector fell by 3.37%, with Siren (SIREN) dropping 21.45% and Venice Token (VVV) declining 13.08%. However, Velvet (VELVET) saw a significant increase of 141.11%. Additionally, the NFT sector performed notably, rising 29.36% in 24 hours, with Audiera (BEAT) increasing by 55.70%.

Meanwhile, Bitcoin (BTC) rose by 0.73%, trading in a narrow range around the $62,000 mark; Ethereum (ETH) increased by 0.24%, holding above the $1,600 level.

In other sectors, the CeFi sector fell by 0.12% in 24 hours, but NEXO (NEXO) rose by 3.62%. The Layer1 sector dropped by 1.22%, with NEAR Protocol (NEAR) declining 8.22%. The PayFi sector decreased by 1.36%, while Monero (XMR) saw an intraday surge of 9.25%. The Meme sector fell by 1.42%, with Binance Life (Binance Life) remaining relatively resilient, rising 6.67%. The Layer2 sector declined by 2.16%, with Optimism (OP) falling 4.67%. The DeFi sector decreased by 2.80%, with LAB (LAB) dropping 13.78%.

The cryptocurrency sector indices reflecting historical sector performance showed that the ssiMAG7 and ssiCeFi indices rose by 0.61% and 0.47% respectively, while the ssiAI index fell by 6.35%.