Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market is experiencing a downturn, with the total market capitalization decreasing by 1.59% to $3.26 trillion. This decline is mirrored in the trading volume, which also fell by 1.59%, now standing at $385.75 billion.

Bitcoin, the leading cryptocurrency, saw a price drop of 1.03%, currently trading at $92,610. Despite this, Bitcoin's market dominance increased slightly to 56.21%.

Ethereum, the second-largest cryptocurrency, decreased by 1.67%, with its price now at $3,346.68. The broader market sentiment remains bearish, as 79% of coins lost value in the last 24 hours.