Cryptocurrency Market Faces Decline as Bitcoin Drops Below $95,000 – BitRss

The cryptocurrency market continued its downward trend today, with Bitcoin falling below the $95,000 mark, leading major altcoins to experience declines as well. Tokens such as THORChain (RUNE) and Injective (INJ) dropped by 11% from their daily highs, indicating a challenging environment for investors.

Market Overview

The global cryptocurrency market lost approximately 2%, sending its total market capitalization down to $3.33 trillion. However, trading volume increased by 4% over the last 24 hours, reaching $168 billion. This suggests that traders remain active despite the market’s overall downturn.

Major Cryptocurrencies’ Performance

Bitcoin (BTC) $94,418 is currently trading at $94,390, reflecting a 3% drop in the last 24 hours. Ethereum (ETH)