New york: A downward trend continues in the cryptocurrency market, as Bitcoin (BTC), the market leader, has declined by 1.30% over the past 24 hours, falling to the level of $66,330. The cryptocurrency market is experiencing a decrease in value, reflecting a broader market sentiment.

According to Azeri-Press news agency, the value of Ethereum (ETH) has decreased by 1.11% to $1,947. No significant changes have been observed among stablecoins, with Tether (USDT) remaining at $0.9991 and USDC at $0.9998. The altcoin market has also been dominated mainly by declines, with XRP falling by 1.42% over the past 24 hours to $1.35. Similarly, BNB declined by 1.42%, while Solana (SOL) dropped by 2.64%.

In contrast, TRON (TRX) rose by 0.22%, and Dogecoin (DOGE) increased by 0.47% over the past day. Overall, the total capitalization of the cryptocurrency market has decreased to $2.27 trillion, representing a daily decline of 1.09%. This dynamic is mainly attributed to weakening risk appetite in the market and increased selling pressure on leading cryptocurrencies amid investors taking short-term profits.