General Pullback in Crypto Market, Layer2 and PayFi Drop Over 2%, AI Sector Rises Against the Trend
May 6 news, according to SoSoValue data, the overall cryptocurrency market has pulled back, with the Layer2 and PayFi sectors down 2.05% and 2.30% respectively over 24 hours. Among them:
- In the PayFi sector, XRP, LTC, and XLM fell by 2.78%, 4.50%, and 4.54% respectively, while SAFE rose against the trend by 13.78%;
- In the Layer2 sector, POL and OP fell by 4.79% and 6.80% respectively, while MOVE rose by 4.19% during the session;
- The AI sector rose against the trend by 0.96%, with TAO and AKT rising by 5.87% and 5.25% respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.
Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.
Crypto prices
More
