The cryptocurrency market has experienced a slight increase in the past 24 hours, with the total market cap rising by 0.63% to $1.71T. Bitcoin's price has seen a marginal growth of 0.02%, currently trading at $42,786. The total crypto trading volume has also increased by 0.63%, reaching $195.84B.

Despite these increases, the market sentiment remains pessimistic, with 80% of coins losing value in the last 24 hours. Bitcoin's dominance has fallen by -0.47%, and it is predicted to drop by -2.80% to $41,589 by January 22, 2024. Ethereum, the second-largest cryptocurrency by market cap, has experienced a 1.19% increase in the last 24 hours, with a current price of $2,564.49.

The bears continue to dominate the market, with only a few top cryptocurrencies experiencing gains, such as Dogwifhat, Pendle, and Bittensor. On the other hand, FINSCHIA, Klaytn, and XAIToken are among the top losers in the market.

In conclusion, despite the slight increase in the total market cap and trading volume, the overall market sentiment remains bearish. Investors should remain cautious and closely monitor the market trends.