PANews reported on October 15th that according to SoSoValue data, all sectors of the crypto market declined. Bitcoin (BTC) fell 1.10%, falling below $113,000. Meanwhile, Ethereum (ETH) plummeted 2.08%, falling below $4,200. Only the AI sector saw a slight increase of 0.46%. Within the sector, ChainOpera AI (COAI) surged 26.56%, and Bittensor (TAO) rose 1.16%.
In other sectors, the PayFi sector fell 2.63% in 24 hours. Within the sector, Monero (XMR) and Telcoin (TEL) rose 2.77% and 5.10% respectively; the DeFi sector fell 2.99%, of which PancakeSwap (CAKE) fell 4.99%; the Meme sector fell 3.39%, but 4 rose against the trend by 24.88%; the Layer2 sector fell 3.67%, and Zora (ZORA) was relatively strong, rising 10.47%; the Layer1 sector fell 3.89%, and Zcash (ZEC) rose 2.56%; the CeFi sector fell 5.08%, and Aster (ASTER) climbed 3.89% during the session.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

