Real-World Asset Sector Leads Crypto Declines With 6.33% Drop

Crypto market sectors fell broadly late Wednesday, with the real-world asset (RWA) sector posting the largest decline at 6.33%. Bitcoin and Ether also fell.

Maple Finance (SYRUP) fell 10.24%, while Sky (SKY) dropped 7.80% and Ondo (ONDO) lost 6.22%. Layer 2 tokens declined 4.42%, PayFi fell 4.10%, meme tokens shed 3.73% and decentralized finance (DeFi) dropped 3.63%. Layer 1 tokens lost 2.88%, while centralized finance (CeFi) was down 1.74%.

Bitcoin (BTC) fell 1.93%, slipping below $82,000. Ether (ETH) declined 3.61% and traded near $2,400. Individual tokens also moved unevenly: Zcash (ZEC) fell 10.61%, Safe (SAFE) lost 15.41% and Optimism (OP) dropped 11.41%, while Pyth Network (PYTH) gained 8.91% despite the broader DeFi decline. Cronos (CRO) fell 3.54%, and Pump.fun (PUMP) declined 8.05%.

The broad losses came amid several market pressures, including a higher-than-expected U.S. September consumer price index (CPI) reading.