Crypto Market Drops Across the Board as RWA Leads Declines

Risk-weighted assets led 3.51% losses over 24 hours as BTC and ETH held near $91k and $3.1k, with several sectors moving in tandem.

Rich by Coin

2026-01-13

The broader crypto market moved lower, with risk-weighted assets (RWA) driving the declines after a 3.51% drop in the past 24 hours. Within the RWAs, Ondo Finance (ONDO) fell 3.35% and Sky (SKY) declined 5.04%, while Keeta (KTA) rose 8.43%, offering a counterpoint to the general downturn.

Bitcoin and Ethereum traded in a narrow band near $91,000 and $3,100 respectively, signaling caution among investors amid the broader weakness. Beyond RWAs, the CeFi sector slipped 0.31%, even as Bitget Token (BGB) gained 1.60% to show relative strength. PayFi declined 0.74%, while Monero (XMR) rose 8.24%.

Layer 1 slipped 1.08%, with Canton Network (CC) down 4.05%. The meme sector fell 1.63%, but Binance Life surged 15.55%. DeFi declined 2.11%, while MYX Finance (MYX) intraday rose 6.37%. Layer 2 fell 3.31%, with Stacks (STX) up 1.02%.