Crypto Markets Mixed as US and Iran Signal Willingness to Talk, AI Sector Takes a Hit
Signs of a potential US-Iran ceasefire are sending mixed signals through crypto markets. Ethereum (ETH) gained 0.93%, edging toward $2,100. But the AI sector took a beating, sliding 9.84% over the past 24 hours. Siren (SIREN) plunged 79.02%, while Kite (KITE) dropped 9.03%.
Other sectors saw greener pastures. RWA rose 0.87%, with Ondo Finance (ONDO) up 2.94%. DePIN added 0.77%, led by Render (RENDER) climbing 3.14%. CeFi inched up 0.24% as Bitget Token (BGB) gained 0.34%. Layer2 eked out a 0.08% gain, with Optimism (OP) up 1.30%.
On the downside, PayFi slipped 0.20%, though Telcoin (TEL) still managed a 2.48% gain. DeFi dropped 0.49%, but EdgeX (EDGE)—which launched just yesterday—rocketed 332.33%. Layer1 fell 0.53%, while Algorand (ALGO) bucked the trend with a 19.64% jump. Meme coins slid 3.18%, though MemeCore (M) spiked 1.78% intraday.
Sector indices painted a similar picture. The ssiRWA index gained 0.77%, ssiDePIN added 0.21%, and ssiLayer2 rose 0.10%.
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