BitMart Research released its weekly hot topics, noting that the hawkish stance of the Federal Reserve is strengthening, with half of the officials expecting a rate hike this year. The crypto market is under pressure as BTC and ETH decline, ETF outflows continue, and market sentiment reaches extreme fear. However, the RWA (Real World Assets) sector is bucking the trend, led by XLM due to Stellar's progress in RWA tokenization.
BitMart Research’s latest weekly report highlights a growing hawkish sentiment from the Federal Reserve, with half of its officials now anticipating another rate hike within this year. This has led to divergence in U.S. equity markets and weakening economic data, while the cryptocurrency market remains under significant pressure. Bitcoin and Ethereum have both seen further price declines, spot ETFs continue to record net outflows, and market sentiment has fallen to the extreme fear zone.
Amid the overall downturn, the RWA (Real World Assets) sector has shown a contrarian performance. The XLM token, associated with the Stellar network, has led the gainers due to progress in areas such as RWA tokenization, standing out as one of the few bright spots this week. BitMart Research notes that the RWA track is gradually gaining market attention, though whether it can sustain independence from the broader market trend remains to be seen.
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