The cryptocurrency market experienced a notable downturn as the total market capitalization fell by 3.04% to $3.53 trillion within the last 24 hours. This decline is indicative of a broader bearish trend that has seen Bitcoin's price drop by 4.46%, now standing at $100,410. Bitcoin's market dominance also decreased slightly to 56.31%.

Ethereum, the second-largest cryptocurrency, faced a sharper decline of 6.02%, reflecting the overall negative sentiment in the market. The trading volume across the crypto space mirrored this downturn, decreasing by 3.04% to $282.09 billion.

The market's bearish momentum is further underscored by the fact that 86% of coins lost value, highlighting the pervasive uncertainty and volatility currently affecting the cryptocurrency landscape.