Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market experienced a notable decline, with the total market cap decreasing by 0.90% to $3.64 trillion. This downturn reflects a broader bearish sentiment as 84% of coins lost value in the past 24 hours. Despite Bitcoin's modest 0.44% gain, its dominance rose to 55.59%, highlighting a shift towards more stable assets amidst market uncertainty.

Trading volume also saw a reduction of 0.90%, indicating a cautious approach by investors. Ethereum, the second-largest cryptocurrency, fell by 0.74%, further contributing to the market's overall negative outlook.