The crypto market has risen for four consecutive days, with the Layer2 sector rising by more than 6%, and BTC has risen by $113,000

According to SoSoValue data, the US PPI sharply cooled down in August to strengthen the expectation of interest rate cuts. At the same time, SEC Chairman Paul Atkins announced that Project Crypto was officially launched, aiming to improve regulatory rules to support the development of the on-chain market. Affected by this, crypto market sentiment has heated up again, and various sectors continue to rise. The Layer2 sector rose 6.64%, Mantle (MNT) rose 12.98% again, and the newly launched Linea (LINEA) rose sharply by 392.60%. In addition, BTC rose 2.62%, up $113,000. Ethereum (ETH) rose 1.50% to break above $4,300. Meanwhile, MAG7.ssi rose 2.48%, DEFI.ssi rose 1.33%, and MEME.ssi rose 2.45%. In other sectors, the Meme sector rose 2.87%, Pump.fun (PUMP) rose 18.58%, Layer1 sector rose 2.74%, Avalanche (AVAX) rose 11.55%, DeFi sector rose 2.23%, MYX Finance (MYX) rose 19.44% again; CeFi sector rose 2.11%, Hyperliquid (HYPE) rose 2.96%, PayFi sector rose 1.74%, Stellar (XLM) rose 3.53%. The crypto sector index reflecting the historical market of the sector shows that the ssiLayer2, ssiMeme, and ssiGameFi indexes rose by 5.36%, 2.66%, and 2.34% respectively.