Crypto market rallies for third day as PayFi sector jumps 7.22%
The crypto market posted gains for a third consecutive day, with the PayFi sector rising 7.22% over 24 hours led by XRP up 8.29% and Stellar (XLM) up 6.19%, SoSoValue data show. Bitcoin (BTC) climbed 4.12% intraday to $76,000 and Ethereum (ETH) jumped 8.32% to trade above $2,300, while the MAG7.ssi, DEFI.ssi and MEME.ssi indices gained 5.43%, 8.21% and 7.3%, respectively. Other sector moves included RWA up 6.25% with Ondo Finance (ONDO) gaining 6.9%, NFT up 6.16% with Pudgy Penguins (PENGU) adding 8.08%, Layer 2 up 6.08% with Mantle (MNT) up 8.29%, Meme up 5.82% with Fartcoin (FARTCOIN) surging 26.19%, DeFi up 4.86% with Hyperliquid (HYPE) rising 8.71%, Layer 1 up 3.2% with Zcash (ZEC) jumping 19.24%, and CeFi up 1.86% with Cronos (CRO) higher by 4.86%.