Crypto Market Rallies for Second Day; BTC Hits New High, ETH Surges Past $3,000

On July 11, according to data from SoSoValue, crypto markets extended gains for a second consecutive day as improving regulatory expectations and continued liquidity support lifted overall sentiment. Most sectors posted 3% to 10% gains. Bitcoin ($BTC) rose 4.27% over the past 24 hours, reaching close to $117,000, while Ethereum ($ETH) surged 6.44%, breaking above the $3,000 mark. Meanwhile, DEFI.ssi gained 5.14%, MAG7.ssi rose 5.66%, and MEME.ssi jumped 9.14%.

Top-performing sectors included the Meme sector, which climbed 10.56%, led by Fartcoin (FARTCOIN) up 17.76%, $Mog Coin ($MOG) up 20.71%, and MemeCore (M) up 44.07%. The Layer2 sector rose 10.42%, with Arbitrum ($ARB) and Starknet (STRK) gaining 14.41% and 15.97%, respectively. The AI sector added 10.26%, with Virtuals Protocol (VIRTUAL) up 12.32% and Worldcoin (WLD) up 17.74%.

Other notable movements: the NFT sector rose 9.85%, with Pudgy Penguins (PENGU) up 23.33%; the DeFi sectorgained 6.07%, led by Ethena (ENA) up 11.54%; the RWA sector rose 5.40%, with Plume (PLUME) up 9.96%; the Layer1 sector climbed 5.14%, with Hedera (HBAR) jumping 14.19%; the PayFi sector added 4.49%, led by Telcoin (TEL) up 11.69%; and the CeFi sector was up 3.08%.

Crypto sector indices reflecting historical performance showed 24-hour increases of 11.01% for ssiAI, 10.70% for ssiNFT, and 10.75% for ssiLayer2.