PANews reported on October 16th that, according to SoSoValue data, while all sectors of the crypto market were generally declining, the AI sector bucked the trend, rising for two consecutive days, with a 24-hour gain of 4.51%. Within the sector, ChainOpera AI (COAI) surged another 56.47%, following yesterday's surge of over 25%. Meanwhile, Bitcoin (BTC) fell 1.29%, falling below $112,000. Meanwhile, Ethereum (ETH) dropped 2.60%, falling to around $4,100. In other sectors, the CeFi sector fell 1.99% in 24 hours. Within the sector, FTX (FTT) rose against the trend by 9.79%; the Layer1 sector fell 2.57%, among which TRON (TRX) was relatively strong, rising 0.95%; the PayFi sector fell 2.69%, but Dash (DASH) rose 3.83%; the Meme sector fell 3.15%, and MemeCore (M) climbed 1.61% during the session; the DeFi sector fell 3.89%, and PancakeSwap (CAKE) fell 10.07%; the Layer2 sector fell 4.74%, and within the sector, Mantle (MNT) and Zora (ZORA) fell 5.91% and 8.51% respectively.PANews reported on October 16th that, according to SoSoValue data, while all sectors of the crypto market were generally declining, the AI sector bucked the trend, rising for two consecutive days, with a 24-hour gain of 4.51%. Within the sector, ChainOpera AI (COAI) surged another 56.47%, following yesterday's surge of over 25%. Meanwhile, Bitcoin (BTC) fell 1.29%, falling below $112,000. Meanwhile, Ethereum (ETH) dropped 2.60%, falling to around $4,100. In other sectors, the CeFi sector fell 1.99% in 24 hours. Within the sector, FTX (FTT) rose against the trend by 9.79%; the Layer1 sector fell 2.57%, among which TRON (TRX) was relatively strong, rising 0.95%; the PayFi sector fell 2.69%, but Dash (DASH) rose 3.83%; the Meme sector fell 3.15%, and MemeCore (M) climbed 1.61% during the session; the DeFi sector fell 3.89%, and PancakeSwap (CAKE) fell 10.07%; the Layer2 sector fell 4.74%, and within the sector, Mantle (MNT) and Zora (ZORA) fell 5.91% and 8.51% respectively.

                                                                               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