The crypto market surged and then fell back, with the RWA sector leading the decline by 4.18%.

Foresight News reports, according to SoSoValue data, the crypto market sector initially surged before pulling back due to renewed conflict in the Middle East and other factors, once again showing a general downward trend. The RWA sector performed weakly, leading declines over 24 hours with a drop of 4.18%. Among them, Pendle (PENDLE) fell 5.94%, and Ondo Finance (ONDO) declined 5.64%. Meanwhile, Bitcoin (BTC) dropped 0.95%, falling below $71,000; Ethereum (ETH) decreased 2.72%, retreating above $2,100.

In other sectors, the CeFi sector was down 2.11% over 24 hours, though Bitget Token (BGB) rose 1.83%. The Layer1 sector dropped 2.21%, but NEAR Protocol (NEAR) remained relatively resilient, rising 1.93%. Meme sector declined 2.29%, with MemeCore (M) bucking the trend and climbing 4.35%. DeFi sector fell 2.61%, with Maple Finance (SYRUP) surging 8.18% intra-day. PayFi sector was down 2.80%, but Safe (SAFE) increased 4.02%. Layer2 sector decreased 3.49%, with Optimism (OP) falling 5.51%. Indices reflecting historical sector price movements show ssiNFT, ssiLayer1, and ssiDePIN indices dropping 4.31%, 3.64%, and 3.48% respectively.