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The cryptocurrency sector saw a general rise, with the PayFi sector leading with an increase of 8.95%. BTC reached a high of over 87,000 USD

ChainCatcher news indicates that, according to SoSoValue data, the encrypted market sector has generally risen, with the PayFi sector leading with an increase of 8.95%. Within this sector, XRP has risen by 9.91% in the last 24 hours, influenced by the SEC's decision to withdraw its lawsuit against Ripple Labs, while Telcoin (TEL) has increased by 15.30%. Additionally, Bitcoin (BTC) has risen by 3.71% in the last 24 hours, briefly rebounding above $87,000, and Ethereum (ETH) has increased by 5.25%, surpassing the $2,000 mark.Notably, MAG7.ssi has risen by 4.73%, DEFI.ssi has risen by 6.22%, and MEME.ssi has risen by 5.02%.In other sectors, the AI sector has risen by 5.72% in the last 24 hours, with Fartcoin (FARTCOIN), Arkham (ARKM), and Delysium (AGI) increasing by 25.53%, 11.84%, and 35.71%, respectively; the Meme sector has risen by 4.94%, with Dogecoin (DOGE) increasing by 5.11%; the DeFi sector has risen by 4.39%, with Chainlink (LINK) rising by 6.58% and Uniswap (UNI) rising by 7.05%; the Layer2 sector has risen by 3.10%, and the Layer1 sector has risen by 2.56%, with Solana (SOL) increasing by 7.05%; the CeFi sector has risen by 1.17%.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiPayFi, ssiDeFi, and ssiAI indices have risen the most in the last 24 hours, increasing by 9.06%, 5.74%, and 4.79%, respectively, with weekly returns of 10.11%, 12.13%, and 9.39%.

The BNB Chain liquidity competition is in full swing: the Meme sector is leading strongly, and the daily trading volume of BSC DEX has topped the entire network for two consecutive days

ChainCatcher news, according to GMGN data, the ongoing $4.4 million liquidity support program for BNB Chain's second round competition weekly ranking shows significant pattern differentiation. Currently, among the top 50 projects, the Meme sector occupies half of the seats with 22 entries, followed by AI (7), DeFi (6), and gaming (3).The trading volume dimension shows a two-tier differentiation trend, with Meme projects contributing 72.52% of the absolute share, among which 59% of Meme project tokens have increased by over 20%. The DeFi sector ranks second with a 14.61% share, with more than 60% of projects achieving over 20% growth. The AI sector contributes 1.75% of the trading volume, while the DeFi derivatives field accounts for 8.67%. Notably, among the top 50 participating projects, 24 have achieved over 20% growth during the competition period, with some assets experiencing nearly a hundredfold increase in a single day.Additionally, according to DeFilama's monitoring on March 18, the 24-hour trading volume of BSC ecosystem DEX reached $2.544 billion, surpassing Ethereum ($1.348 billion) to top the public chain DEX trading leaderboard.The second round of the liquidity incentive program is currently in full swing, and the latest developments of various early projects on BSC can be captured through official channels.

Viewpoint: Bitcoin is undergoing a "shakeout" rather than the beginning of a bear market, and the four-year cycle remains a key factor

ChainCatcher news indicates that the current price of Bitcoin has dropped 22% from the historical high of $109,000 set on January 20, the day of Trump's inauguration. Although investor sentiment has repeatedly fallen into the "extreme fear" zone, crypto analysts generally believe that the Bitcoin bull market cycle has not yet ended, and this drop may be a "shakeout"—a sharp decline triggered by long positions being liquidated, followed by a rapid rebound.Bitfinex analysts point out that "multiple key technical indicators have turned bearish, raising speculation about an early end to the bull market. However, the four-year cycle of Bitcoin remains a key factor; history shows that pullbacks during bull market cycles are normal, and this is more likely a shakeout rather than the beginning of a bear market. The bottom for Bitcoin may align with the U.S. stock market (especially the S&P 500), with $72,000 to $73,000 still being a critical support range, but global bond yields and stock market trends will dominate Bitcoin's next moves. The risks of a trade war have been partially priced in, but long-term economic pressures may suppress sentiment." Nexo analyst Iliya Kalchev stated, "Although Bitcoin's four-year compound annual growth rate (CAGR) has fallen to a historical low of 8%, the halving event remains crucial for long-term price trends. The halving in April 2024 will reduce the block reward to 3.125 BTC, and since then, Bitcoin has accumulated over a 31% increase. Although the ETF purchases driven by institutional adoption over the past year have become a major force, the halving effect will continue to influence the market."
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