Global cryptocurrency markets have experienced a downturn, with the total market cap decreasing by 1.24% to $3.73 trillion in the past 24 hours. Bitcoin, the leading cryptocurrency, saw a significant drop of 3.07%, bringing its price to $103,537 and reducing its market dominance to 54.89%.

Ethereum, the second-largest cryptocurrency, also faced a decline, losing 4.53% of its value. The overall trading volume in the crypto market mirrored this trend, falling by 1.24% to $547.32 billion.

The market sentiment remains bearish, as 84% of cryptocurrencies lost value, indicating a challenging environment for investors.