Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market experienced a notable decline, with the total market capitalization dropping from $3.36 trillion to $3.31 trillion, marking a -1.58% change within 24 hours. This downturn reflects a broader bearish sentiment affecting the market.

Bitcoin, the leading cryptocurrency, saw its price fall by -1.64%, now trading at $93,570. Its market dominance slightly decreased to 56.02%, indicating a shift in investor confidence.

Overall trading volume also decreased by -1.58%, currently standing at $250.20 billion, highlighting reduced market activity. The prevailing market conditions suggest continued volatility and uncertainty.