Data: The crypto market suffered setbacks across the board, with the meme sector leading the decline by more than 8%, and ETH once fell below $4,500

ZkProver · 2026-02-12T03:09:10+00:00

Affected by the US PPI exceeding expectations in July, market sentiment cooled, expectations of interest rate cuts in September weakened, and the crypto market generally fell, falling about 2% to 9% in the past 24 hours. The meme sector fell the most, with some coins such as Pepe, SPX, and Fartcoin falling more than 10% each. Ethereum and Bitcoin fell, and CeFi and other sectors also showed weakness.

ZkProver

2026-02-12 03:09:10

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ChainCatcher News: According to SoSoValue data, influenced by the US July PPI significantly exceeding expectations, the market’s expectation of a large rate cut in September has weakened, and market sentiment has cooled down. Over the past 24 hours, the cryptocurrency market has been broadly affected, with declines generally ranging from about 2% to 9%. Among them, the Meme sector dropped 8.62% in 24 hours. Within the sector, Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) fell by 10.43%, 10.97%, and 13.52%, respectively. Additionally, Ethereum (ETH) declined by 2.43%, temporarily falling below $4,500, but has now rebounded above $4,600. Bitcoin (BTC) dropped 3.85%, breaking below $119,000.

In other sectors, the CeFi sector declined 1.18% over 24 hours. Within this sector, LEO Token (LEO) remained relatively resilient, rising 1.57%. The Layer1 sector fell 3.25%, with Algorand (ALGO) dropping 9.86%. The PayFi sector declined 6.57%, with Velo (VELO) down 10.55%. The DeFi sector fell 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) increased by 2.19% and 2.28%, respectively. The Layer2 sector declined 6.73%, while SKALE (SKL) defied the trend, rising 47.98%.

The crypto sector index reflecting sector historical performance shows that the ssiGameFi, ssiMeme, and ssiAI indices fell by 8.57%, 8.55%, and 8.35%, respectively.

MEME4,81%

ETH1,96%

PEPE4,77%

SPX1,63%

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