Cryptocurrency Market Declines Amid Strong Selling Pressure

The cryptocurrency market is experiencing a downturn, with Bitcoin's price continuing to fall below the $65,000 mark.

Data from CoinMarketCap shows that selling pressure remains strong across the digital asset market, resulting in a decline of 4.33% in the global market capitalization over the past 24 hours.

The largest cryptocurrency by market value, Bitcoin, lost 4.61% of its value and is currently trading at $64,849. Ethereum also recorded significant losses, dropping 5.72% to settle at $1,860.