Crypto markets showed a modest sector-wide rebound on Oct. 16, according to data from SoSoValue, with the AI segment leading the move higher. The sector rose 3.63% over the past 24 hours, helped by strong gains in Akedo (AKE), which climbed 16.45%, and Venice Token (VVV), up 10.25%. Among major assets, Bitcoin (BTC) added 0.54% and moved above $82,000, while Ethereum (ETH) rose 0.78% and crossed $2,400.
Other sectors also posted gains. DePIN rose 2.54% with Grass (GRASS) up 9.34%, Layer2 climbed 2.11% led by Starknet (STRK) at 11.48%, and PayFi gained 1.94% as Zcash (ZEC) advanced 7.92%. DeFi increased 1.46% with Curve DAO (CRV) up 7.56%, while Layer1 added 1.16% and Injective (INJ) rose 13.88%.
Only Meme and CeFi moved lower during the period. The Meme sector slipped 0.26%, though Pons (PONS) still rose 9.40%. CeFi fell 0.22%, with OKB down 3.29%. Sector indices tracking historical performance also moved up, with ssiAI, ssiDePIN and ssiRWA gaining 3.87%, 3.24% and 2.92%, respectively.
Crypto sectors posted a mild broad-based rebound on Oct. 16, according to SoSoValue data, with the AI segment standing out after rising 3.63% over the past 24 hours. Within the sector, Akedo (AKE) climbed 16.45%, while Venice Token (VVV) gained 10.25%.
Major coins and sector performance
Among the largest cryptocurrencies, Bitcoin (BTC) rose 0.54% and moved above $82,000. Ethereum (ETH) added 0.78% and traded above $2,400.
Several other sectors also recorded gains. DePIN rose 2.54%, with Grass (GRASS) up 9.34%. Layer2 advanced 2.11%, led by Starknet (STRK), which gained 11.48%. PayFi climbed 1.94%, while Zcash (ZEC) rose 7.92%. DeFi added 1.46%, with Curve DAO (CRV) up 7.56%. Layer1 increased 1.16%, and Injective (INJ) rose 13.88%.
Declining sectors and index readings
Meme and CeFi were the only sectors in negative territory during the period. The Meme sector fell 0.26%, although Pons (PONS) still rose 9.40%. CeFi slipped 0.22%, with OKB down 3.29%.
Sector indices tracking historical market performance also moved higher. SoSoValue data showed that the ssiAI, ssiDePIN and ssiRWA indices gained 3.87%, 3.24% and 2.92%, respectively.
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