The cryptocurrency market continued its downward spiral today, with total market capitalization plunging to $3.74 trillion - a 3.36% drop in the past 24 hours.

The sell-off, which began earlier this week, has accelerated across major assets, pushing Bitcoin, Ethereum, and BNB deeper into negative territory.

Bitcoin is currently trading at $110,275, marking a 4% decline in the last day and an 11.5% loss over the past week. Ethereum followed suit, falling more than 5% in 24 hours to $3,927, extending its seven-day losses to over 17%.

BNB has been hit particularly hard, sliding 10.5% in just one day to $1,159. The coin has now lost nearly 12% over the week. XRP is also struggling, dropping 6.6% in the last 24 hours to $2.41, while Solana is hovering around $193, down almost 17% in seven days.

Among the top ten cryptocurrencies, Dogecoin and Cardano recorded some of the steepest declines – losing 6.3% and 6.2% in the last day, respectively. Dogecoin has now lost more than a quarter of its value in just a week, highlighting the market’s increasing risk aversion.

The market-wide correction comes amid broader risk-off sentiment across global markets, with traders bracing for upcoming macroeconomic data and possible central bank commentary that could impact liquidity conditions.

Despite the heavy losses, analysts suggest that structural resets like these often precede new accumulation phases, especially if Bitcoin stabilizes above key support zones. For now, the market remains firmly in bearish mode as investors await signs of recovery.