The global cryptocurrency market experienced a 1.1% decline over the past 24 hours, bringing the total market capitalization to $2.96 trillion. Bitcoin's price fell to $85,469.9, while Ethereum remained stable at $2,824.72. Among the top losers, MYX, PUMP, and LEO saw significant drops of 15.16%, 11.09%, and 9.40%, respectively. The market sentiment reflected extreme fear, with the fear and greed index hitting 16. In other developments, the U.S. Senate is considering a review of the CLARITY Act, JPMorgan has revised its stablecoin forecast, and Bitfinex announced a zero-fee trading policy.