Crypto Market Sees Broad Decline, RWA Sector Drops 6.73%, BTC Briefly Falls Below $83,000

Odaily News: On October 8, according to SoSoValue data, crypto market sectors declined broadly, with the RWA sector leading the drop, falling 6.73% over 24 hours. Among them, Sky (SKY) dropped 9.85%, and Ondo Finance (ONDO) fell 3.61%. Meanwhile, Bitcoin (BTC) declined 2.41%, briefly falling below $83,000 during intraday trading; Ethereum (ETH) dropped 3.86%, falling below $2,600.

In other sectors, the CeFi sector declined 1.05% over 24 hours, with Cronos (CRO) falling 4.56%; the Layer1 sector dropped 1.70%, but NEAR Protocol (NEAR) rose 5.40%; the DeFi sector fell 3.09%, with Morpho Token (MORPHO) declining 4.46%; the Layer2 sector dropped 3.33%, with ImmutableX (IMX) falling 4.78%; the PayFi sector declined 3.58%, with Telcoin (TEL) falling 4.61%; the Meme sector dropped 3.61%, with Cash Cat (CASHCAT) falling 7.65%.

Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiDePIN, and ssiSocialFi indices declined 6.42%, 5.84%, and 4.79%, respectively.