Today, the cryptocurrency market witnessed a downward trend for Bitcoin (BTC) 
$94,091 and significant altcoins like Ethereum (ETH) 
$3,256 and XRP. Bitcoin dropped to the $92,000 level, while ETH and XRP experienced declines of approximately 2.51% and 3%, respectively. These decreases occurred as the markets await the upcoming U.S. employment data, with a strong jobs report potentially influencing interest rate expectations and further impacting cryptocurrency valuations.
Market Overview
The global cryptocurrency market cap has fallen by about 1.68%, now sitting at $3.25 trillion. Additionally, the total trading volume decreased by 11% to $155 billion. The Fear and Greed Index stands at 43, indicating a neutral sentiment in the market.
Status of Major Cryptocurrencies
Bitcoin (BTC) is currently trading at around $93,433, with its market cap dipping below the $2 trillion mark to $1.85 trillion. Meanwhile, Ethereum (ETH) is priced at $3,245, experiencing a 2.55% decline within 24 hours. XRP is trading at $2.28, down by 3%, while Solana 
$188 (SOL) also saw a decline of 4%, now priced at $188.
Top Gainers and Losers in Cryptocurrency
In the last 24 hours, notable gainers include Kaia (KAIA), Litecoin (LTC), and BitTorrent (BTT). Conversely, the largest losses are recorded by THORChain (RUNE), SPX6900 (SPX), and Bittensor (TAO). Among meme coins, Dogecoin 
$0.329097 (DOGE) and Shiba Inu (SHIB) have shown mixed reactions.
Performance of Meme Cryptos
Meme cryptocurrencies reacted variably after Bitcoin reached the $92,000 level. Dogecoin (DOGE) saw a decline of about 4%, trading at $0.326, while Shiba Inu (SHIB) remained stable at that price. Other meme coins such as PEPE, PENGU, and BONK also recorded around a 4% decrease over the last 24 hours.
Despite the market fluctuations, CleanSpark’s accumulation of over 10,000 BTC showcases the company’s resilience against market volatility. Additionally, Ripple 
$2 Labs’ transfer of 300 million XRP to an anonymous wallet raised concerns about potential selling pressure in the market.
Overall, the declines in the cryptocurrency market today have prompted caution among traders as they anticipate U.S. employment data and potential interest rate changes. Market participants are closely monitoring the impact of economic indicators on cryptocurrency valuations.
