Crypto Market Slightly Pulls Back, BTC Trades Sideways, AI Sector Remains Resilient

Blockbeats

12 May

BlockBeats News, May 12th, according to SoSoValue data, the cryptocurrency market experienced a slight pullback after a continuous uptrend, with Bitcoin (BTC) rising above $105,000 and then pulling back to around $104,000, still up 0.11% in the past 24 hours.

Ethereum (ETH), after a three-day consecutive increase last week, started to retreat, down 0.82% in the past 24 hours, but still holding above $2,500. In addition, the AI sector showed relative strength, with AIXBT, Virtuals Protocol (VIRTUAL), and ai16z (AI16Z) rising by 8.32%, 8.76%, and 10.48% respectively. Meanwhile, the Cryptocurrency Sector Index reflecting historical sector performance showed that the ssiAI Index was up 0.11% in the past 24 hours.

Of note, although the Meme sector was down 0.17% in the past 24 hours, some tokens within the sector performed well. Among them, Pepe (PEPE), dogwifhat (WIF), PNUT, and MOO DENG (MOODENG) saw counter-trend gains of 10.35%, 13.74%, 29.96%, and 132.67%, respectively.

In other sectors, the Layer1 sector was down 0.08% in the past 24 hours, with TRON (TRX) and Kaspa (KAS) rising by 1.21% and 8.33% within the sector, respectively; the PayFi sector was down 0.97%; the DeFi sector was down 1.16%; the RWA sector was down 1.18%, with Plume (PLUME) showing relative strength with an intraday spike of 7.19%; the CeFi sector was down 1.32%; the Layer2 sector was down 2.59%, but Mantle (MNT) saw a 2.08% increase.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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In addition, the AI sector showed relative strength, with AIXBT, Virtuals Protocol (VIRTUAL), and ai16z (AI16Z) rising by 8.32%, 8.76%, and 10.48% respectively. Meanwhile, the Cryptocurrency Sector Index reflecting historical sector performance showed that the ssiAI Index was up 0.11% in the past 24 hours.</p><p>Of note, although the Meme sector was down 0.17% in the past 24 hours, some tokens within the sector performed well. 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In addition, the AI sector showed relative strength, with AIXBT, Virtuals Protocol (VIRTUAL), and ai16z (AI16Z) rising by 8.32%, 8.76%, and 10.48% respectively. Meanwhile, the Cryptocurrency Sector Index reflecting historical sector performance showed that the ssiAI Index was up 0.11% in the past 24 hours.Of note, although the Meme sector was down 0.17% in the past 24 hours, some tokens within the sector performed well. Among them, Pepe (PEPE), dogwifhat (WIF), PNUT, and MOO DENG (MOODENG) saw counter-trend gains of 10.35%, 13.74%, 29.96%, and 132.67%, respectively.In other sectors, the Layer1 sector was down 0.08% in the past 24 hours, with TRON (TRX) and Kaspa (KAS) rising by 1.21% and 8.33% within the sector, respectively; the PayFi sector was down 0.97%; the DeFi sector was down 1.16%; the RWA sector was down 1.18%, with Plume (PLUME) showing relative strength with an intraday spike of 7.19%; the CeFi sector was down 1.32%; the Layer2 sector was down 2.59%, but Mantle (MNT) saw a 2.08% increase.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}