Cryptocurrency Market Faces Decline Amidst Bearish Sentiment

The cryptocurrency market experienced a notable downturn, with the total market cap falling by 3.23% to $3.51 trillion within the last 24 hours. This decline reflects a broader bearish sentiment impacting the market, as trading volumes also decreased by 3.23%, now standing at $963.09 billion.

Bitcoin, the leading cryptocurrency, saw its price drop by 2.52% to $96,932, although its market dominance increased to 54.71%. Ethereum, the second-largest cryptocurrency, suffered a more significant loss of 6.10%, highlighting the market's vulnerability.

Overall, 92% of cryptocurrencies lost value, underscoring the prevailing bearish market conditions.