Data: The cryptocurrency market sector may be affected by macro factors, with nearly half of the declines exceeding 10%. BTC and ETH performed relatively well

ChainCatcher news, according to SoSoValue data, the cryptocurrency market sector is experiencing a widespread decline, with nearly half of the sectors dropping over 10%. Specifically, BTC and ETH fell by 5.14% and 6.11% respectively in the last 24 hours. The CeFi sector dropped by 5.17%, while the NFT sector, which rose over 20% yesterday, fell by 6.01%.

In addition, the Layer 1 sector declined by 8.14%, the Layer 2 sector by 9.37%, the DeFi sector by 10.55%, the Meme sector by 11.33%, and the DePIN and PayFi sectors dropped by 11.48% and 11.69% respectively.

Despite the overall market decline, some projects performed well, such as the NFT sector Pudgy Penguins (Pengu) which rose by 9.54%, Moca Coin (MOCA) which increased by 10.25%, and AI Agents' AI Rig Complex (ARC) which surged by 54.22%.

SoSoValue analysts suggest that the widespread decline in the cryptocurrency market may be influenced by today's Federal Reserve meeting, which adjusted the pace of interest rate cuts for next year (from 4 times to 2 times), the upward revision of future core PCE inflation rates and GDP growth, as well as Powell's more hawkish statements than the market expected, leading to panic regarding liquidity expectations.