PANews reported on August 14th that, according to SoSoValue data, the crypto market continued its upward trend, with 24-hour gains generally ranging from 2% to 8%. Bitcoin (BTC) rose 3.58%, briefly exceeding $124,000, setting a new all-time high. Its market capitalization reached $2.457 trillion, surpassing Alphabet (Google) and jumping to fifth place in the global mainstream asset rankings. Ethereum (ETH) rose 3.44%, breaking through $4,700. Meanwhile, MAG7.ssi rose 5.22%, DEFI.ssi rose 6.68%, and MEME.ssi rose 8.74%.

Other sectors with outstanding performance include: the Layer2 sector rose 8.33% in 24 hours. Within the sector, Arbitrum (ARB) and zkSync (ZK) rose 16.36% and 16.39% respectively; the Meme sector rose 5.59%, and Official TRUMP (TRUMP) and Fartcoin (FARTCOIN) rose 7.01% and 10.17% respectively; the CeFi sector rose 5.39%, and OKB rose sharply by 132.71%. On the news, OKX will destroy approximately 65.25 million historical repurchased and reserved OKBs at one time, and the total issuance will be fixed at 21 million; the Layer1 sector rose 4.89%, and Cardano (ADA) rose 13.30%.

In other sectors, the PayFi sector rose 3.60%, Velo (VELO) rose 9.83%; the DeFi sector rose 3.30%, Uniswap (UNI) rose 7.08%.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiLayer2, ssiMeme, and ssiCeFi indices rose by 9.73%, 6.03%, and 5.40%, respectively.