The cryptocurrency market is undergoing a broad correction, with Bitcoin (BTC) dropping 1.92% to fall below the $74,000 mark. Ethereum (ETH) also experienced a decline, falling 1.3% to remain above $2,300. The Real World Asset (RWA) sector led the downturn, decreasing by 3.92% over the past 24 hours, with notable declines in Ondo Finance (ONDO) and Pendle (PENDLE).
Despite the overall market correction, certain sectors showed resilience. The SocialFi index rose by 0.77%, and within the DeFi sector, River (RIVER) surged 12.22%. In contrast, the Layer 1 sector saw a slight decline of 0.53%, although Kaspa (KAS) gained 9.87%. The Meme sector fell 1.02%, but Siren (SIREN) defied the trend with a 29.79% increase. Meanwhile, the Layer 2 sector declined 2.14%, with zkSync (ZK) rallying 2.16% intraday.
