Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market experienced a notable downturn, with the total market capitalization decreasing by 1.73% to $3.48 trillion. This decline reflects a broader bearish sentiment as 85% of cryptocurrencies saw losses over the past 24 hours.

Bitcoin, the leading cryptocurrency, fell by 0.73% to $102,240, although its market dominance increased slightly to 58.16%. Ethereum, the second-largest cryptocurrency, dropped by 2.65% to $3,129.39, indicating a more significant loss compared to Bitcoin.

Overall, the market's bearish trend highlights ongoing volatility and uncertainty, raising concerns about future stability.