The cryptocurrency market has experienced a downturn in the past 24 hours, with the total market cap decreasing by 1.92% to $1.17T. Bitcoin, the leading cryptocurrency, has also seen a decline of 1.57%, currently trading at $28,920. The overall crypto trading volume has similarly decreased by 1.92%, now at $157.72B.

This bearish trend is dominating the market, with 89% of coins losing value in the last 24 hours. Among the top 200 cryptocurrencies by market cap, Polymath, Bitcoin Gold, and FTX Token were the few gainers, while Curve DAO Token, Compound, and Convex Finance experienced significant losses.

FTX Token, with a 7.51% increase, is today's coin of the day, currently trading at $1.45. However, the overall market sentiment remains neutral, indicating a continued uncertain outlook for the cryptocurrency industry.