PayFi leads crypto rebound after Fed hike, rising 5.03% in 24 hours

  • Crypto market rebounded after the Federal Reserve's rate hike took effect.
  • 5.03% was PayFi's 24-hour increase, led by Zcash's 23.28% rise.
  • GameFi fell 8.10% over 24 hours, with Akedo down 32.24%.

Crypto assets broadly rebounded on Sept. 17 after the Federal Reserve's rate hike took effect. PayFi (payments-focused financial applications) led sector gains, rising 5.03% in 24 hours, with Zcash up 23.28% and Dash up 17.21%. Bitcoin rose 1.28% to break above $76,000, while Ethereum gained 1.63% and traded narrowly around $2,400. Layer2 (scaling networks built atop blockchains) increased 4.91%, led by Lisk's 31.79% rise. Layer1 gained 3.71%, with NEAR Protocol up 14.64%; DeFi (decentralized financial applications) rose 3.49%, led by Bedrock Token's 177.57% jump. Meme tokens advanced 1.97%, with Bulla up 46.68%, while CeFi gained 1.96%, with Aster rising 5.77%. GameFi reversed the previous day's sharp advance, falling 8.10% over 24 hours as Akedo dropped 32.24%. Crypto sector indexes tracking historical performance showed gains of 6.02% for ssiAI, 4.98% for ssiLayer2 and 3.77% for ssiDeFi, according to SoSoValue data.

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