Crypto markets moved higher on Sept. 18, with sector gains mostly ranging from 2% to 7%, according to SoSoValue. The data tied the move to fading market fear after U.S. rate hikes were finalized, oil prices retreated, and the U.S. Securities and Exchange Commission released an "innovation exemption" that supports on-chain trading of tokenized NMS stocks. DeFi posted the strongest sector performance, up 6.80% over 24 hours, led by Genius (GENIUS), Uniswap (UNI), and Hyperliquid (HYPE). Other sectors also advanced, including DePIN, RWA, Layer2, Meme, Layer1, PayFi, and CeFi. Sector indexes tracked the move as well, with MAG7.ssi, DEFI.ssi, and MEME.ssi all in positive territory. Historical sector gauges ssiDeFi, ssiRWA, and ssiLayer2 also recorded gains, showing broad strength across the market rather than a move limited to a single theme.
Crypto market sectors were broadly higher on Sept. 18, with 24-hour gains mostly in the 2% to 7% range, according to SoSoValue.
The data said market fear faded quickly after U.S. rate hikes were finalized, oil prices pulled back, and the U.S. Securities and Exchange Commission released an "innovation exemption" that supports on-chain trading of tokenized NMS stocks.
Among the major sectors, DeFi rose 6.80%, the strongest performance in the group. Within the sector, Genius (GENIUS) climbed 20.66%, Uniswap (UNI) gained 14.81%, and Hyperliquid (HYPE) added 10.01%.
On the sector index side, MAG7.ssi rose 0.25%, DEFI.ssi gained 7.75%, and MEME.ssi was up 2.55%.
Other sectors that posted notable gains included:
- DePIN, up 5.55% over 24 hours, with Geodnet (GEOD) rising 44.90%;
- RWA, up 4.95%, with Ondo Finance (ONDO) gaining 9.53%;
- Layer2, up 4.46%, with Arbitrum (ARB) rising 18.69%;
- Meme, up 3.79%, with Useless Coin (USELESS) gaining 14.21%;
- Layer1, up 3.67%, with NEAR Protocol (NEAR) rising 22.91%;
- PayFi, up 1.94%, with Zcash (ZEC) gaining 8.93% and continuing to set new all-time highs;
- CeFi, up 1.86%, with Aster (ASTER) rising 4.52%.
Crypto sector indexes that track historical sector performance also moved higher. ssiDeFi, ssiRWA, and ssiLayer2 rose 7.70%, 6.00%, and 5.82%, respectively.
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