The cryptocurrency market experienced a broad decline following several days of consolidation, with the Real World Asset (RWA) sector leading the downturn with a 6.57% drop over 24 hours. According to Foresight News, data from SoSoValue indicates that within the RWA sector, Keeta (KTA) and Pendle (PENDLE) fell by 11.88% and 13.36%, respectively.
Bitcoin (BTC) decreased by 2.13%, falling below $75,000, while Ethereum (ETH) dropped 2.61%, nearing $2,000.
In other sectors, the PayFi sector saw a 0.86% decline, although Stellar (XLM) rose by 17.04% against the trend. The CeFi sector fell by 1.54%, with NEXO (NEXO) showing resilience by increasing 0.73%. The Meme sector decreased by 1.87%, with SPX6900 (SPX) down 5.87%. The Layer1 sector dropped 2.27%, with Zcash (ZEC) declining 6.47%. The Layer2 sector fell 2.98%, with Celestia (TIA) down 6.04%. The DeFi sector experienced a 3.29% decrease, with Ondo Finance (ONDO) dropping 7.45%.
Indices reflecting historical trends in these sectors showed declines as well, with the ssiAI, ssiRWA, and ssiDePIN indices falling by 13.88%, 12.05%, and 9.77%, respectively.
Catherine
