The crypto market fell across the board, with OM’s flash crash causing the RWA sector to fall by 44.93%

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MarsBit
04-14
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Mars Finance News, on April 14, according to SoSoValue data, the crypto market sector experienced a general decline. Notably, due to the massive 85.56% drop in MANTRA's native token OM, the RWA sector fell 44.93% in 24 hours. MANTRA's official response stated that the decline was caused by "disorderly liquidation" and not by the project team. Meanwhile, the crypto sector index reflecting the sector's historical market performance showed that the ssiRWA index dropped 48.90% in 24 hours. Additionally, Bitcoin (BTC) declined 1.41% in 24 hours, briefly falling below $84,000. Ethereum (ETH) dropped 0.25% but remained above $1,600. In other sectors, the PayFi sector fell 1.12%, but Bitcoin Cash (BCH) and Litecoin (LTC) rose 6.18% and 2.12% respectively; the Layer1 sector declined 1.47%, with TRON (TRX) bucking the trend by rising 4.18%; the CeFi sector dropped 1.65%, the Meme sector fell 1.82%, with Pepe (PEPE) showing resilience by rising 3.39% in 24 hours; the Layer2 sector declined 2.92%, and the DeFi sector fell 3.05%, though Uniswap (UNI) and Sky (SKY) rose 2.20% and 2.54% respectively.

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