Cryptocurrency markets are experiencing a downturn, with Bitcoin sliding towards $60K and altcoins showing a slow decline. The total market capitalization has dropped to $2.37 trillion. Bitcoin's price has decreased by 1.3% in the past 24 hours, contributing to a total weekly loss of about 6%.

Altcoins are also experiencing a decline, with ETH down 1.8%, BNB down 1.6%, SOL down 2.5%, and TON down 1.7%. Meme coins, another category in the cryptocurrency market, have seen similar losses, with the group as a whole down over 3% in the past 24 hours.

Despite the current market downturn, the outlook remains optimistic. The trading volumes are down to about $67 billion in the past day, which is expected during the weekend. It will be interesting to see how this relatively tight range will resolve and whether the bulls will take a stand or if the correction will deepen.