The cryptocurrency market is experiencing a significant decline, with Bitcoin and altcoins leading the downward trend. The total market value has dropped by $45 billion in the past 24 hours, adding to the cumulative loss of $85 billion. This sharp decline has left investors cautious, with the general sentiment leaning towards a bearish outlook.

Bitcoin, the flagship cryptocurrency, has reached a new monthly low, falling below $65,000 during intraday trading. The critical support level for Bitcoin is currently at $64,883, and losing this could extend losses further. However, a rebound from this level could initiate a recovery, with $66,000 serving as a potential support level.

Fantom, an altcoin, has also experienced significant losses, reaching its lowest level in three months. The cryptocurrency is at risk of losing the $0.50 support level, which could signal further declines and contribute to the overall downward trend in the market. If the fundamental support level is broken, the next major support level is $0.45, and losing this would indicate that bears are in control of the altcoin.

The ongoing decline in the cryptocurrency market has left investors concerned about the future of digital assets. The total market value is currently positioned at $2.3 trillion, and losing the critical support level of $2.2 trillion could lead to a further decline. However, if the market can regain support above this level, it could signal an upward trend.

In conclusion, the cryptocurrency market is experiencing a sharp downturn, with Bitcoin and altcoins leading the decline. The total market value has dropped significantly, and investors are cautious about the future of digital assets. While the market is currently bearish, a rebound from critical support levels could initiate a recovery. Only time will tell if the market can regain momentum and return to its upward trend.