**Cryptocurrency Market Faces Downturn Amidst Bearish Sentiment**

The cryptocurrency market has experienced a notable downturn, with the total market capitalization falling from $3.05 trillion to $2.95 trillion, marking a -3.27% change in the past 24 hours. This decline is mirrored in the total crypto trading volume, which also decreased by -3.27%, now standing at $644.03 billion.

Bitcoin, the leading cryptocurrency, is currently priced at $87,738 after a -2.46% drop. Its market dominance has slightly decreased to 58.86%. Ethereum, the second-largest cryptocurrency, saw a sharper decline of -5.11%, now valued at $3,059.42.

The bearish trend is evident as 85% of cryptocurrencies lost value, highlighting a challenging period for the market.