The cryptocurrency market experienced a significant downturn on May 28, with the Real World Asset (RWA) sector suffering the most, dropping 6.57% in 24 hours, according to SoSoValue data. Notable declines within the RWA sector included Keeta (KTA) and Pendle (PENDLE), which fell by 11.88% and 13.36%, respectively.
Bitcoin (BTC) decreased by 2.13%, falling below the $75,000 mark, while Ethereum (ETH) dropped 2.61%, approaching $2,000. Other sectors also faced declines: the PayFi sector fell 0.86%, despite Stellar (XLM) rising 17.04%; the CeFi sector decreased 1.54%, with NEXO (NEXO) gaining 0.73%; and the Meme sector dropped 1.87%, with SPX6900 (SPX) down 5.87%. The Layer1 and Layer2 sectors fell 2.27% and 2.98%, respectively, while the DeFi sector declined 3.29%.
Crypto Market Tumbles as RWA Sector Leads Losses, BTC Dips Below $75,000
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