Crypto market rises, Layer 2 surpasses 3% as BTC hits $80,000

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BTC
$79,067.601.18%
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ETH
$2,477.66-0.54%
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POL
$0.12134.47%
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STX
$0.26147.43%
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MNT
$0.5153-3.08%
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The crypto market rose on August 25 as a Bitcoin market update showed BTC reaching $80,000, up 3.22%. Layer2 tokens surged 3.02%, led by Polygon (POL) at +8.50% and Stacks (STX) at +4.76%. Ethereum (ETH) climbed 2.38%, reclaiming the $2,500 level. Gains extended to Layer1, CeFi, and PayFi, while DeFi and MEME sectors saw slight declines. U.S. sanctions and TGA speculation fueled momentum in the crypto market.

Odaily Planet Daily report: On August 25, according to SoSoValue data, driven by a combination of factors—including Bessen’s potential use of nearly $1 trillion in TGA to purchase bonds and the U.S. expanding economic sanctions against Iran—the crypto market regained an upward trend, with the Layer 2 sector leading the gains, rising 3.02% in 24 hours. Among these, Polygon (POL) increased by 8.50%, Stacks (STX) rose 4.76%, and Mantle (MNT) gained 2.82%. Meanwhile, Bitcoin (BTC) climbed 3.22%, reaching $80,000 intraday; Ethereum (ETH) rose 2.38%, once again breaking above $2,500 intraday.

Notably, MAG7.ssi rose 2.68%, DEFI.ssi fell 0.67%, and MEME.ssi declined 0.43%.

In other sectors, the Layer1 sector rose 2.21% in 24 hours, with Solana (SOL) up 6.14%; the CeFi sector increased 2.08%, with OKB (OKB) up 6.49%; the PayFi sector gained 1.97%, with Telcoin (TEL) up 7.81%; and the Meme sector rose 0.44%, with dogwifhat (WIF) up 5.80%.

Additionally, the DeFi sector declined by 0.27%, but Ondo Finance (ONDO) remained relatively strong, rising 5.80%.

The cryptocurrency sector indices reflecting historical market performance showed that the ssiNFT, ssiLayer2, and ssiMAG7 indices rose by 3.54%, 3.19%, and 3.07%, respectively.

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