On January 29, the cryptocurrency market experienced a general downturn, with Bitcoin (BTC) falling 1.43% to below $88,000 and Ethereum (ETH) dropping 1.74% to under $3,000, according to SoSoValue data. Despite the overall decline, the AI, RWA, and CeFi sectors demonstrated relative strength, with gains of 0.13%, 0.14%, and 0.06% respectively.
In the AI sector, Worldcoin (WLD) surged 18.91% and Kite (KITE) rose 16.09%. The RWA sector saw Pendle (PENDLE) increase by 3.51% and Sky (SKY) by 2.62%. Meanwhile, Binance Coin (BNB) in the CeFi sector edged up 0.20%.
Other notable movements included a 2.41% rise in Mantle (MNT) within the Layer2 sector, despite a sector-wide drop of 1.37%. Canton Network (CC) in the Layer1 sector climbed 6.39%, while Jito (JTO) in the DeFi sector soared 20.44% despite a 2.53% sector decline. Conversely, PIPPIN (PIPPIN) in the Meme sector fell 19.66%.
Crypto Market Dips as AI, RWA, and CeFi Sectors Show Resilience
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