The cryptocurrency market experienced a widespread correction, with the Real World Asset (RWA) sector leading the downturn, falling 3.13% over the past 24 hours, according to SoSoValue data. Notable declines within the RWA sector included Centrifuge (CFG) dropping 8.40%, Ondo Finance (ONDO) down 3.02%, and Pendle (PENDLE) decreasing by 6.08%.
Other sectors also faced declines, with the GameFi sector down 2.59%, although WEMIX bucked the trend with a 2.01% increase. The Meme sector fell 0.73%, but Banana For Scale (BANANA) surged 17.23% and Siren (SIREN) rose 8.27%. The Layer1 sector saw a 0.87% decline, despite Algorand (ALGO) gaining 7.52%. Meanwhile, the CeFi sector dropped 1.03%, with NEXO (NEXO) climbing 1.61% intraday. The DeFi sector fell 1.49%, though Morpho Token (MORPHO) gained 3.34%. The Layer2 sector decreased by 1.80%, with Arbitrum (ARB) down 2.74%, and the PayFi sector dropped 2.41%, despite Telcoin (TEL) rising 4.66%.
Crypto Market Sees Broad Correction; RWA Sector Leads Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.