TechFlow news, on January 8, according to SoSoValue data, the cryptocurrency market experienced a broad pullback likely due to macroeconomic factors. However, the PayFi and CeFi sectors showed relative resilience, declining by -3.56% and -3.82% respectively. Notably, within the CeFi sector, Bitget Token (BGB) rose逆势 by 5.93%, with monthly and annual returns reaching 164.23% and 940.47% respectively.
Analysts from SoSo Value noted that today's released U.S. December non-manufacturing PMI and November job openings both exceeded expectations, reflecting strength in the U.S. economy and labor market resilience. This has led markets to speculate on no rate cuts—or even potential rate hikes—in the first half of 2025. As a result, U.S. Treasury yields surged to 4.7%, triggering price corrections in risk assets such as equities and cryptocurrencies.
In other sectors, Layer 1 dropped -6.95%, DePIN fell -8.43%, DeFi declined -9.46%, Layer 2 slipped -9.47%, and the Meme sector corrected by -10.81%. Additionally, the AI Agents sector, which saw strong gains yesterday, dropped -10.25% today.
