Crypto market sectors may fall across the board due to macro factors, with nearly half falling by more than 10%, while BTC and ETH are relatively strong

On December 19, according to SoSoValue data, the crypto market fell across the board, with nearly half of the sectors falling by more than 10%. Specifically, BTC and ETH fell by 5.14% and 6.11% in 24 hours, respectively. The CeFi sector fell by 5.17%, and the NFT sector, which rose by more than 20% yesterday, fell by 6.01%. In addition, the Layer 1 sector fell by 8.14%, the Layer 2 sector fell by 9.37%, the DeFi sector fell by 10.55%, the Meme sector fell by 11.33%, and the DePIN and PayFi sectors fell by 11.48% and 11.69%, respectively. Despite the general market decline, there are still projects that perform well, such as Pudgy Penguins (Pengu) in the NFT sector, which rose by 9.54%, Moca Coin (MOCA) rose by 10.25%, and AI Rig Complex (ARC) in AI Agents rose by 54.22%. Regarding the reasons for the general decline and correction of the crypto market sector, SoSoValue analysts said that it may be due to the adjustment of the pace of interest rate cuts next year at the latest interest rate meeting of the Federal Reserve today (from 4 times to 2 times), the future core PCE inflation rate and GDP growth rate have been raised, and Powell's hawkish speech that exceeded market expectations has caused panic in the market about liquidity expectations, leading to a general decline in the crypto market sector.