Crypto markets experienced a downturn today, led by a decline in Bitcoin (BTC) below $97,000. This followed a sharp drop from its all-time high of $108,000 earlier in the week. Major altcoins like Ethereum (ETH) and Solana (SOL) also saw significant losses. The overall crypto market capitalization decreased by 2%, and trading volume dropped significantly.

Despite the bearish trend, some positive

developments occurred:

* U.S. Bitcoin Reserve: Senator Cynthia Lummis confirmed the U.S. will hold a strategic Bitcoin reserve for at least 20 years, a move expected to have long-term implications for the market.

* ETF Inflows: Bitcoin and Ethereum ETFs saw inflows of $449 million and $62 million, respectively.

However, negative news also emerged:

* Ripple Transfer: Ripple transferred 90 million XRP to an unknown wallet, sparking speculation.

* Whale Activity: A Solana whale accumulated 1.7 million SOL after the recent dip.

Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced declines.

Among individual coins, Hyperliquid (HYPE) was the top gainer, while dogwifhat (WIF) and Ethena (ENA) suffered the largest losses.

Disclaimer: This is a simplified summary and does not constitute financial advice.