The cryptocurrency market has experienced a decline in the past 24 hours, with the total market cap decreasing by 0.50% to $1.98T. Bitcoin, the leading cryptocurrency, has also seen a drop in price by 0.42% and is currently trading at $51,906. The total crypto trading volume has followed suit, decreasing by 0.50% and currently stands at $239.66B.

The bearish trend has dominated the market, with 82% of coins losing value in the last 24 hours. Among the top 200 cryptocurrencies, Jasmy, Ondo Finance, and Braintrust were the top gainers, while Livepeer, Echelon Prime, and Chromia were the top losers.

Despite the overall market decline, three cryptocurrencies reached new all-time highs, including Kaspa, Axelar, and Ondo Finance. Arweave, with a 19.20% performance, is today's coin of the day. The current market sentiment for Arweave is bullish.