The crypto market rallied and then retreated, with the RWA sector leading the decline at 4.18%.

On April 9th, according to SoSoValue data, influenced by factors such as the renewed conflict in the Middle East, the cryptocurrency market sector briefly surged before retreating, showing a general downward trend again. The RWA sector performed weakly, leading the decline with a 4.18% drop in the past 24 hours, with Pendle (PENDLE) falling 5.94% and Ondo Finance (ONDO) falling 5.64%. Meanwhile, Bitcoin (BTC) fell 0.95%, dropping below $71,000; Ethereum (ETH) fell 2.72%, recovering to above $2,100. In other sectors, the CeFi sector fell 2.11% in the last 24 hours, but Bitget Token (BGB) rose 1.83%; the Layer 1 sector fell 2.21%, with NEAR Protocol (NEAR) remaining relatively strong, rising 1.93%; the Meme sector fell 2.29%, with MemeCore (M) bucking the trend and rising 4.35%; the DeFi sector fell 2.61%, with Maple Finance (SYRUP) surging 8.18% intraday; the PayFi sector fell 2.80%, but Safe (SAFE) rose 4.02%; the Layer 2 sector fell 3.49%, with Optimism (OP) falling 5.51%. Crypto sector indices reflecting historical sector performance show that the ssiNFT, ssiLayer1, and ssiDePIN indices fell 4.31%, 3.64%, and 3.48%, respectively.