Crypto Market Sees Broad Decline, RWA Sector Leads Losses at Over 6.5%, BTC Drops Below $75,000

Odaily reported on May 28 that, according to SoSoValue data, the cryptocurrency market experienced a broad decline after several days of consolidation. The RWA sector led the losses over 24 hours, dropping 6.57%. Within the sector, Keeta (KTA) and Pendle (PENDLE) fell 11.88% and 13.36%, respectively. Meanwhile, Bitcoin (BTC) fell 2.13%, dropping below $75,000; Ethereum (ETH) fell 2.61%, declining to around $2,000.

Among other sectors, the PayFi sector fell 0.86% over 24 hours. Stellar (XLM) bucked the trend, rising 17.04%. The CeFi sector fell 1.54%, with NEXO (NEXO) showing relative strength, up 0.73%. The Meme sector fell 1.87%, with SPX6900 (SPX) down 5.87%. The Layer1 sector fell 2.27%, with Zcash (ZEC) down 6.47%. The Layer2 sector fell 2.98%, with Celestia (TIA) down 6.04%. The DeFi sector fell 3.29%, with Ondo Finance (ONDO) down 7.45%.

Reflecting the historical performance of these sectors, the crypto sector indices showed that the ssiAI, ssiRWA, and ssiDePIN indices fell by 13.88%, 12.05%, and 9.77%, respectively.