PANews reported on July 7 that according to SoSoValue data, the crypto market sector continued its upward trend. Affected by the recovery of the BONK ecosystem and the surge in popularity of its Launchpad platform Letsbonk.Fun, the Meme sector rose 4.97% in 24 hours. Among them, dogwifhat (WIF) and SPX6900 (SPX) rose 5.88% and 7.61% respectively, while Bonk (BONK) continued to rise by 13.82%.
In addition, Bitcoin (BTC) rose 0.91% in 24 hours, still fluctuating in a narrow range around $109,000, and Ethereum (ETH) rose 1.99% and remained above $2,500. At the same time, MAG7.ssi rose 1.67%, DEFI.ssi rose 2.88%, and MEME.ssi rose 5.09%.
In terms of other sectors, the Layer2 sector rose 2.82% in 24 hours, among which Celestia (TIA) rose 10.39%; the PayFi sector rose 2.42%, and Stellar (XLM) rose 6.70%; the DeFi sector rose 2.25%, and within the sector, Aave (AAVE) rose 5.46%; the Layer1 sector rose 1.95%, and Avalanche (AVAX) rose 4.10%; the CeFi sector rose 0.80%, and Hyperliquid (HYPE) rose 1.45%;

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

