The crypto market experienced a downturn today, with Bitcoin trading below the $62,000 level and Ethereum struggling to maintain above $3,000. Other major altcoins, such as Cardano, Solana, and XRP, also faced significant drops.

Bitcoin's price saw a decline of 3.81%, reaching $61,661.78, while its trading volume surged by 6.55% to $42.25 billion in the past 24 hours. The crypto's market capitalization stood at $1.21 trillion.

Ethereum's price lost 3.04%, trading at $3,015.91, with a market valuation of $362.03 billion. Its trading volume increased by 4.06%, reaching $18.11 billion. In contrast, Binance Coin's price rose by 0.72%, reaching $549.18, with a 24-hour trade volume surge of 19.35% to $1.49 billion.

Solana's price fell below the $140 mark, recording a 5.14% drop to $133.97, while its trading volume decreased by 3.71% to $4.79 billion in the past 24 hours. XRP's price also failed to sustain the $0.50 mark, with a 0.82% dip to $0.4962, while its trading volume increased by 7.98% to $1.84 billion.

Cardano's price dropped by 3.10% to $0.4495, while its 24-hour trading volume rose by 4.09% to $503.51 million. Popular meme coins, such as Dogecoin and Shiba Inu, also faced losses, with Dogecoin's price plummeting 6.12% to $0.1486 and Shiba Inu's price dropping 2.92% to $0.0000222.

The Pepe Coin (PEPE), a hyped Solana meme coin, experienced a massive crash, with its price down by 9.13% to $0.000004925 and a market valuation of $2.07 billion. The 24-hour trade volume for PEPE also fell by 13.90% to $628.91 million.

On a positive note, the Bitget Token (BGB), the native crypto of the Bitget exchange, gained over 6%, ranking as the top crypto gainer today. The Bitget Token price rose by 6.60% to $1.27, with its trade volume declining 5.12% to $60.02 million. The BGB crypto also inched closer to a new all-time high amid the rally today.