The crypto market is witnessing a noticeable decline in light of the decline in trading volumes, as Bitcoin fell to about $60,000, while the prices of most alternative digital currencies declined at a slow pace.

Currently at press time the total market cap is $2.37 trillion.

Bitcoin price falls to $60,000:
The price of Bitcoin witnessed a decline of 1% during the past 24 hours, leading to losses estimated at approximately 6% over the course of the week. The leading cryptocurrency is currently approaching the level of $61,000 as trading volume continues to decline.

In the last 24 hours, a liquidation of $100 million was recorded, of which Bitcoin accounted for the largest portion at $37 million.

At the same time, several large altcoins are recording slight declines.

For example, the price of Ethereum (ETH) fell by 1.8%, Binance Coin (BNB) by 1.6%, Solana (SOL) by 2.5%, and TON (TON) by 1.7%.

Some other cryptocurrencies also recorded larger declines, such as UniSwap (UNI), which fell by 6% as meme-themed cryptocurrencies suffered similar losses.

This group has fallen by more than 3% over the past 24 hours, with DOGE and SHIB falling by 1.3%, PEPE falling by 5.2%, while BON falling by 3%.

It is worth noting that trading volumes decreased to about $67 billion over the past day, which is expected given that it is the weekend.

It remains interesting to see how this relatively narrow range will develop, and whether speculators will start to move in or whether the correction will continue.

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