Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market is showing signs of bearish sentiment as the total market capitalization decreased by 0.20% to $3.44 trillion in the past 24 hours. This decline reflects a broader market trend, with Bitcoin experiencing a 0.83% drop, now priced at $96,308. Bitcoin's market dominance also fell slightly, indicating a potential shift in investor confidence.

Trading volumes across the market mirrored this downturn, decreasing by 0.20% to $443.67 billion. Despite some individual coins reaching new all-time highs, the overall market sentiment remains cautious. The persistent downward pressure suggests that investors should brace for potential volatility in the coming days.