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Bitcoin Falls to $91,900 as ETH and RWA Sector Decline

Bitcoin slid 1.08%, Ethereum dropped 2.05%, with RWA sector leading losses, while SocialFi posted modest gains in a mixed performance market.

BTC
ETH

Summary

Bitcoin fell 1.08% to below $92,000, while Ethereum dropped 2.05% to under $3,200, according to SoSoValue data on January 8. The real-world assets (RWA) sector led declines with a 2.99% drop, while SocialFi gained 0.58%. Meme and DeFi sectors showed mixed results, with some tokens surging despite broader market weakness.

Terms & Concepts
  • RWA sector: Refers to real-world asset tokenization, where physical assets such as property or commodities are represented on a blockchain.
  • SocialFi: A blend of social media and decentralized finance, enabling social interaction on blockchain platforms with financial incentives.