The cryptocurrency market is experiencing a significant downturn, with Bitcoin (BTC) falling to $65,000 and Ethereum (ETH) slipping 5%. The global crypto market capitalization has dropped 3% to $2.35 trillion, with a total market volume of $94.07 billion. This decline is attributed to the recent hawkish stance by the US Federal Reserve, leading to massive outflows across the crypto sector.

Bitcoin, the largest cryptocurrency, has nosedived to $65,374.98, a 1.39% drop in the past 24 hours. Its market capitalization has decreased to $1.29 trillion, despite a 0.93% increase in dominance. Ethereum, the second-largest cryptocurrency, has also fallen 4.39% to $3,428.45, with a market capitalization of $419.50 billion.

The altcoin market is also experiencing a significant correction, with Solana (SOL) falling 9.25% to $134.26. Dogecoin (DOGE) and Shiba Inu (SHIB) have also plummeted 9.74% and 12.12%, respectively. However, XRP has bucked the trend, rising 0.33% to $0.4893. The only top gainer for the day, XRP's price action is a rare bright spot in an otherwise bearish market.

The crypto market is experiencing a significant downturn, with many tokens correcting sharply. The recent outflows from the US spot BTC ETFs, totaling nearly $146 million, have contributed to the decline. However, some tokens like XRP are showing resilience, and the market is expected to recover in the coming days.

In conclusion, the cryptocurrency market is experiencing a significant correction, with Bitcoin and Ethereum leading the decline. However, some tokens like XRP are showing strength, and the market is expected to recover in the coming days. As the market continues to evolve, it remains to be seen how the crypto prices will perform in the coming days.