The cryptocurrency market is broadly declining, but the NFT sector has surged nearly 30% against the trend

Odaily reported on June 11 that, according to SoSoValue data, the cryptocurrency market sectors continue their downtrend. Among them, the AI sector fell by 3.37%, with Siren (SIREN) dropping 21.45% and Venice Token (VVV) decreasing 13.08%. However, Velvet (VELVET) surged significantly by 141.11%. In addition, the NFT sector performed prominently, rising 29.36% in 24 hours, with Audiera (BEAT) up by 55.70%.

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

Regarding 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) falling 8.22%; the PayFi sector declined by 1.36%, while Monero (XMR) surged 9.25% during the session; the Meme sector decreased by 1.42%, but Binance Life (Binance Life) held relatively firm, gaining 6.67%; the Layer2 sector fell by 2.16%, with Optimism (OP) down 4.67%; the DeFi sector dropped by 2.80%, with LAB (LAB) decreasing 13.78%.

The cryptocurrency sector indices reflecting historical trends show that the ssiMAG7 and ssiCeFi indices increased by 0.61% and 0.47%, respectively, while the ssiAI index declined by 6.35%.