**Cryptocurrency Market Faces Decline Amidst Bearish Sentiment**

The cryptocurrency market is experiencing a downturn, with the total market capitalization decreasing by 2.47% to $2.81 trillion in the last 24 hours. This decline is mirrored in the trading volume, which also fell by 2.47%, now standing at $357.34 billion.

Bitcoin, the leading cryptocurrency, has suffered a significant loss, dropping 7.00% to a current price of $79,870. Its market dominance has decreased by 2.93%, now representing 56.30% of the market.

Ethereum, the second-largest cryptocurrency, has also seen a sharp decline of 9.26%, with its price now at $2,125.14.

The market is predominantly bearish, with 85% of coins losing value in the past day, indicating a challenging period for investors.