PANews reported on October 28th that, according to SoSoValue data, various sectors of the crypto market experienced a slight pullback after a period of continuous growth. The Layer 2 sector led the way with a 4.46% 24-hour decline. Within the sector, Mantle (MNT) fell 5.43%, Zora (ZORA) dropped 7.58%, and Merlin Chain (MERL), which had previously seen significant gains, dropped 16.80%. Additionally, Bitcoin (BTC) fell 0.80%, pulling back to $114,000. Ethereum (ETH) dropped 1.43%, falling below the $4,200 mark. In other sectors, the CeFi sector fell 0.35% in 24 hours, of which Aster (ASTER) fell 8.44%; the PayFi sector fell 0.86%, and Ultima (ULTIMA) was relatively strong, rising 5.36%; the Layer1 sector fell 1.33%, but Hedera (HBAR) rose 6.05%, which may be affected by the expected listing of the HBAR spot ETF on the Nasdaq on Tuesday; the Meme sector fell 2.73%, and within the sector, MemeCore (M) and OFFICIAL TRUMP (TRUMP) rose against the trend by 4.90% and 9.96% respectively; the DeFi sector fell 2.86%, and Uniswap (UNI) fell 4.70%.PANews reported on October 28th that, according to SoSoValue data, various sectors of the crypto market experienced a slight pullback after a period of continuous growth. The Layer 2 sector led the way with a 4.46% 24-hour decline. Within the sector, Mantle (MNT) fell 5.43%, Zora (ZORA) dropped 7.58%, and Merlin Chain (MERL), which had previously seen significant gains, dropped 16.80%. Additionally, Bitcoin (BTC) fell 0.80%, pulling back to $114,000. Ethereum (ETH) dropped 1.43%, falling below the $4,200 mark. In other sectors, the CeFi sector fell 0.35% in 24 hours, of which Aster (ASTER) fell 8.44%; the PayFi sector fell 0.86%, and Ultima (ULTIMA) was relatively strong, rising 5.36%; the Layer1 sector fell 1.33%, but Hedera (HBAR) rose 6.05%, which may be affected by the expected listing of the HBAR spot ETF on the Nasdaq on Tuesday; the Meme sector fell 2.73%, and within the sector, MemeCore (M) and OFFICIAL TRUMP (TRUMP) rose against the trend by 4.90% and 9.96% respectively; the DeFi sector fell 2.86%, and Uniswap (UNI) fell 4.70%.

                                                                               Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors.                     Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more