Crypto Market Sees Broad Decline, RWA Sector Leads Losses with Over 6.5% Drop, BTC Falls Below $75,000

Odaily Planet Daily News, May 28, according to SoSoValue data, the cryptocurrency market experienced a broad decline after several consecutive days of consolidation. The RWA sector led the losses over the past 24 hours, dropping 6.57%. Within the sector, Keeta (KTA) and Pendle (PENDLE) fell 11.88% and 13.36%, respectively. Meanwhile, Bitcoin (BTC) decreased by 2.13%, falling below $75,000; Ethereum (ETH) dropped 2.61%, nearing the $2,000 mark.

In other sectors, the PayFi sector fell 0.86% over 24 hours, with Stellar (XLM) bucking the trend and rising 17.04%. The CeFi sector dropped 1.54%, with NEXO (NEXO) showing relative strength, up 0.73%. The Meme sector declined 1.87%, and SPX6900 (SPX) fell 5.87%. Layer1 sector was down 2.27%, with Zcash (ZEC) losing 6.47%. Layer2 sector decreased by 2.98%, led by Celestia (TIA) dropping 6.04%. The DeFi sector fell 3.29%, with Ondo Finance (ONDO) declining 7.45%.

Indices reflecting historical sector performance show that the ssiAI, ssiRWA, and ssiDePIN indices have dropped by 13.88%, 12.05%, and 9.77%, respectively.