Data: Crypto Market Surges Sharply, Layer 2 Sector Leads with Over 9% Gains, ETH Peaks Above $3,900

According to ChainCatcher, data from SoSoValue shows that various sectors of the crypto market have surged significantly, with gains generally ranging from 2% to 9%. On the news front, Trump has signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, making approximately $9 trillion in pension funds a potential long-term and stable source of capital for the crypto market. In addition, rising expectations for a ceasefire between Russia and Ukraine have boosted market sentiment. The Layer 2 sector rose 9.53% in the past 24 hours, with Mantle (MNT) up 25.77% and Zora (ZORA) up 34.35%.

At the same time, Ethereum (ETH) rose 5.67%, briefly surpassing $3,900, while Bitcoin (BTC) increased by 1.79%, currently quoted at $116,000. Notably, MAG7.ssi rose 5.00%, MEME.ssi climbed 6.82%, and DEFI.ssi gained 7.81%.

Other standout sectors include: PayFi, which rose 9.09%, with XRP—having officially ended a four-year legal dispute with the SEC—up 11.21%, and Stellar (XLM) surging 14.41%. The NFT sector rose 7.75%, with Pudgy Penguins (PENGU) up 6.68% within the sector. The RWA sector increased by 7.41%, with Pendle (PENDLE) and Keeta (KTA) up 26.69% and 28.56%, respectively.

In other sectors, DeFi rose 6.02%, with Chainlink (LINK) up 10.32%. The Meme sector climbed 5.96%, with BUILDon (B) up 16.72%. Layer 1 increased by 3.32%, with Hedera (HBAR) up 8.07%. CeFi rose 2.51%, with Hyperliquid (HYPE) up 6.72%.

Indices reflecting the historical performance of crypto sectors show that the ssiLayer2, ssiPayFi, and ssiRWA indices rose by 9.62%, 9.28%, and 7.45%, respectively.