Cryptocurrency Market Faces Downturn Amidst Bearish Sentiment

The cryptocurrency market is experiencing a downturn, with the total market cap decreasing by 0.72% to $3.22 trillion in the past 24 hours. Trading volume also saw a decline, mirroring the overall negative sentiment.

Bitcoin, the leading cryptocurrency, fell by 1.41% to $96,231, reducing its market dominance to 59.22%. Ethereum, the second-largest cryptocurrency, dropped by 1.59% to $2,669.18.

Despite some gains from coins like Golem, the market remains predominantly bearish, as 71% of cryptocurrencies lost value. This trend underscores the ongoing volatility and uncertainty in the crypto space.