Cryptocurrency Market Faces Downturn Amidst Bearish Sentiment

The cryptocurrency market experienced a notable decline, with the total market capitalization dropping from $3.27 trillion to $3.19 trillion, marking a -2.39% change in the past 24 hours. This downturn reflects a broader bearish sentiment that has gripped the market.

Bitcoin, the leading cryptocurrency, saw its price fall by -1.86% to $96,506, while its market dominance increased slightly to 59.88%. Ethereum also faced a decline, with its price decreasing by -2.36% to $2,692.99.

The overall trading volume in the crypto market mirrored this trend, decreasing by -2.39% to $443.17 billion. This contraction in both market cap and trading volume signals a cautious outlook for the near future.