Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market experienced a slight contraction over the past 24 hours, with the total market capitalization decreasing by 1.03% to $3.06 trillion. This decline reflects a broader bearish sentiment, as 72% of coins lost value during the same period. Despite Bitcoin's modest 0.18% gain, its dominance increased to 58.55%, highlighting a shift towards more established assets amid market uncertainty.

Trading volumes also mirrored this downward trend, falling by 1.03% to $468.84 billion. As regulatory pressures and market volatility persist, the outlook remains cautious for investors navigating this challenging environment.