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

2026-02-20 06:16:20

ChainCatcher News: According to SoSoValue data, influenced by the significantly higher-than-expected US July PPI, the market’s expectation for 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 decreased by 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) rose by 2.19% and 2.28%, respectively. The Layer2 sector fell 6.73%, with SKALE (SKL) bucking the trend and rising 47.98%.

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

MEME2,28%

ETH0,8%

PEPE0,51%

SPX-0,58%

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