The cryptocurrency market is experiencing a widespread increase, with the PayFi sector leading with over a 9% rise, and ETH surpassing $2900

According to SoSoValue data, influenced by the probability of the Federal Reserve's interest rate cut rising to 85%, the cryptocurrency market has seen a general increase, with a 24-hour rise of approximately 2% to 9%. The PayFi sector led the gains with an increase of 9.03%. Within this sector, XRP (XRP) rose by 11%, and Telcoin (TEL) increased by 3.61%.

Additionally, Bitcoin (BTC) rose by 1.67%, breaking through $87,000; Ethereum (ETH) increased by 5.6%, surpassing $2,900. Notably, the MAG7.ssi rose by 4.53%, DEFI.ssi increased by 4.57%, and MEME.ssi went up by 6.37%. In other sectors, the Meme sector rose by 5.51% in 24 hours, with Fartcoin (FARTCOIN) increasing by 24.17%; the DeFi sector rose by 4.35%, with Ethena (ENA) increasing by 10.64%; the Layer1 sector rose by 3.59%, with Sui (SUI) increasing by 14.98%; the CeFi sector rose by 3.11%, with Aster (ASTER) increasing by 7.19%; the Layer2 sector rose by 3.09%, with Arbitrum (ARB) increasing by 9.01%. The cryptocurrency sector indices reflecting historical market trends show that the ssiPayFi, ssiNFT, and ssiDePIN indices rose by 9.52%, 5.6%, and 5.52%, respectively.