Crypto Market Rallies, MAG7.ssi Surges Over 6%, PayFi Sector Up 17.06%

Odaily Planet Daily News According to SoSoValue data, three cryptocurrency bills have been passed by the House of Representatives, leading to a broad rally across all sectors of the crypto market, with gains generally ranging from 2% to 6%. Notably, the PayFi sector surged by 17.06% in the past 24 hours, driven by the positive news of the "Genius Bill" passing and expected to be signed by Trump on Friday. Within this sector, Stellar (XLM) and XRP rose by 11.42% and 18.15%, respectively. In addition, ETH climbed 5.85%, breaking through the $3,500 mark.
It is worth noting that as core components of MAG7.ssi, the strong upward movement of XRP and ETH has propelled MAG7.ssi to continue rising. As of press time, it has gained 6.37% in the past 24 hours, approaching the 0.98 USDT threshold. Additionally, DEFI.ssi rose 6.49%, and MEME.ssi increased by 2.56%.
In other sectors, the Layer2 sector rose 5.73%, with Mantle (MNT) up 11.86%; the DeFi sector gained 4.56%, with Uniswap (UNI), Ondo Finance (ONDO), and Chainlink (LINK) up 13.01%, 13.31%, and 13.69%, respectively; the Layer1 sector increased by 4.31%, with Cardano (ADA) and Hedera (HBAR) up 14.24% and 24.44%, respectively; the Meme sector rose 2.95%, with Fartcoin (FARTCOIN) and Dogecoin (DOGE) up 9.53% and 9.86%, respectively; and the CeFi sector rose 1.70%.
Indices reflecting the historical performance of crypto sectors show that the ssiPayFi, ssiDeFi, and ssiRWA indices rose by 17.92%, 8.44%, and 6.91% in the past 24 hours, respectively.