The cryptocurrency sector is experiencing a recovery trend, with the PayFi sector leading the way with an increase of 7.15%.

Odaily Planet Daily reported on March 12 that, according to SoSoValue data, after three days of decline, the cryptocurrency sector is experiencing a recovery trend, with the PayFi sector leading with a 7.15% increase. Within this sector, $XRP, Stellar ($XLM), and $Ultima ($ULTIMA) rose 7.87%, 6.63%, and 13.60% respectively over 24 hours. Additionally, Bitcoin ($BTC) increased by 4.36%, returning above $80,000, while Ethereum ($ETH) rose by 2.01%.

It is noteworthy that $MAG7.ssi increased by 6.87%, $DEFI.ssi increased by 6.89%, and MEME.ssi increased by 9.58%.

In other sectors, the AI sector rose by 7.14% over 24 hours, with Bittensor ($TAO) increasing by 12.99% and $Render ($RENDER) by 8.12%; the Meme sector increased by 6.46%, with Dogecoin ($DOGE) and $Pepe ($PEPE) rising by 6.30% and 11.95% respectively; the Layer2 sector increased by 6.41%, with Celestia ($TIA) rising by 16.59%; the Layer1 sector rose by 3.54%, the DeFi sector rose by 3.42%, and the CeFi sector rose by 3.01%.

Furthermore, the cryptocurrency sector index reflecting historical trends indicates that the highest increases over 24 hours were in the ssiAI, ssiPayFi, and ssiMeme indices, which rose by 8.37%, 7.53%, and 5.80% respectively.