Cryptocurrency Market Faces Downturn Amidst Bearish Sentiment

The global cryptocurrency market has experienced a notable decline, with the total market capitalization falling from $3.72 trillion to $3.60 trillion, marking a -3.27% change in the past 24 hours. This downturn is reflective of a broader bearish sentiment that has gripped the market.

Bitcoin, the leading cryptocurrency, saw its price drop by -4.47%, now trading at $97,873. Its market dominance has also decreased, indicating a shift in investor confidence. The total crypto trading volume mirrored this decline, decreasing by -3.27% to $1.05 trillion.

Despite some coins reaching new all-time highs, the overall market trend remains pessimistic, as 70% of cryptocurrencies lost value. This suggests a challenging environment for investors, with uncertainty prevailing in the near term.