The cryptocurrency market experienced a broad decline, with the Real World Assets (RWA) sector leading losses at 6.73% over the past 24 hours. Within the RWA category, Sky (SKY) fell 9.85% and Ondo Finance (ONDO) dropped 3.61%. Major assets also retreated, with Bitcoin (BTC) declining 2.41% to trade below $83,000 and Ethereum (ETH) falling 3.86% under the $2,600 level.
Sector-wide downturns were pervasive across the ecosystem. DeFi decreased 3.09%, Layer2 fell 3.33%, Meme tokens dropped 3.61%, and PayFi declined 3.58%. The Layer1 sector dipped 1.70%, though NEAR Protocol bucked the trend with a 5.40% gain. Historical performance indices for RWA, DePIN, and SocialFi also reflected significant downward pressure, dropping 6.42%, 5.84%, and 4.79% respectively.
Crypto Market Selloff: RWA Sector Drops 6.73% as BTC Slips Below $83K
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