The cryptocurrency market has encountered another notable setback today, with Bitcoin (BTC) and altcoins experiencing a reversal of their recent gains. The global crypto market cap saw a considerable dip of 1.49%, dropping to $2.25 trillion, while the total crypto market volume decreased by 15.93% to $57.46 billion.

Bitcoin price retreated to the $61,000 level, a 1.30% decline over the past day. Ethereum (ETH), Solana (SOL), and XRP followed suit, with prices trading turbulently. Ethereum saw a 0.24% dip, trading at $3,381.61, while Solana and XRP experienced 0.86% and 1.30% declines, respectively.

However, not all cryptocurrencies succumbed to the broader market trend. Kaspa (KAS) and Maker (MKR) stood out with significant gains. Kaspa price surged 11.87% to $0.1815, and Maker price saw a 5.80% upswing to $2,490. Other notable gainers included Akash Network (AKT), which jumped 4.37% to $3.24, and Lido DAO (LDO), which increased by 3.88% to $2.44.

On the other hand, some cryptocurrencies experienced notable losses. Brett (BRETT) price corrected 11.16% to $0.1505, while Arweave (AR) plummeted 10.84% to $25.84. Bonk (BONK) and Beam (BEAM) also saw significant declines of 8.35% and 7.65%, respectively.

Despite the overall market turbulence, Bitcoin's hourly chart showed a slight 0.05% jump, while Ethereum continued to fall. Solana, XRP, and Dogecoin (DOGE) mirrored gains during the same period.

The cryptocurrency market remains volatile, with prices fluctuating based on various factors, including regulatory developments, institutional investments, and market sentiment. Investors are advised to conduct thorough research and exercise caution when making investment decisions in this dynamic market.