Markets

The crypto market is staging a broad rebound, the SocialFi sector leading the gains.

2026-03-24 11:06:08

Crypto Bounces Back: BTC Breaks $70K, ETH Tops $2,100—AI Sinks as Siren Crashes 63%

The market is back in the green. After several days of red, crypto staged a rebound, with Bitcoin climbing 3.66% to reclaim $70,000 and Ethereum up 3.93% to retake $2,100. SocialFi led the charge, jumping 4.61% as Chiliz and Toncoin both gained. Broader sector indices also recovered: MAG7.ssi rose 3.46%, MEME.ssi added 3.41%, and DEFI.ssi inched up 1.37%.

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Elsewhere, PayFi, Layer1, CeFi, and DeFi all saw gains, with Aptos surging 10.36% and Aerodrome Finance spiking 13.61%.

Not everything was green. Layer2 dipped 0.10%, Meme slipped 1.13% (though Banana For Scale managed a 9.54% rally), and AI tumbled 5.76%. The biggest story? Siren, which had been on a run, cratered 63.53%—a sharp reversal for one of the sector's recent standouts.

Sector indices: ssiAI +5.53%, ssiDePIN +5.30%, ssiSocialFi +4.61%.

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