Global Cryptocurrency Market Faces Downturn

The cryptocurrency market experienced a notable decline as the total market capitalization fell by -2.72% to $3.36 trillion within the last 24 hours. This downturn is indicative of a broader bearish trend affecting the industry.

Bitcoin, the leading cryptocurrency, saw its price decrease by -2.57%, now trading at $96,158. Despite this, Bitcoin's market dominance slightly increased to 56.59%, highlighting its relative stability amidst market volatility.

Ethereum, the second-largest cryptocurrency, suffered a more significant drop of -5.49%, with its market cap now at $401.23 billion. This reflects growing uncertainty in the altcoin sector.

Overall, the market's bearish sentiment is evident, with 89% of cryptocurrencies losing value, signaling potential challenges ahead for investors.