Crypto market broadly rebounds, BTC breaks through $70,000, SocialFi sector leads gains

BTC-2,22%
ETH-3,23%
CHZ-2,32%
TON-2,64%

Gate News reports that on March 24, according to SoSoValue data, the cryptocurrency market rebounded after several days of decline. Bitcoin (BTC) rose 3.66% in 24 hours, breaking through $70,000; Ethereum (ETH) increased by 3.93%, surpassing $2,100.

The SocialFi sector performed strongly, up 4.61%, with Chiliz (CHZ) and Toncoin (TON) rising 2.15% and 5.59%, respectively. Additionally, MAG7.ssi increased by 3.46%, DEFI.ssi by 1.37%, and MEME.ssi by 3.41%.

Other notable sectors include: PayFi, which rose 1.79% in 24 hours, with Dash (DASH) up 5.12%; Layer1, up 1.78%, with Aptos (APT) increasing 10.36%; CeFi, up 0.95%, with NEXO (NEXO) rising 2.16%; DeFi, up 0.81%, with Aerodrome Finance (AERO) increasing 13.61%.

On the downside, the Layer2 sector declined 0.10%, though Stacks (STX) surged 3.65 during the day; Meme sector fell 1.13%, but Banana For Scale (BANANA) rose 9.54% against the trend; AI sector dropped 5.76%, with the previously rising Siren (SIREN) plummeting 63.53%.

The crypto sector indices reflecting historical market trends show that the ssiAI, ssiDePIN, and ssiSocialFi indices increased by 5.53%, 5.30%, and 4.61%, respectively.

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