The cryptocurrency market experienced a downturn as Bitcoin's price slipped below $88,000, coinciding with the upcoming U.S. holiday. The total market capitalization decreased by 2.4%, reaching $3.06 trillion, influenced by tax-loss selling and reduced liquidity. Additionally, the closure of U.S. stock markets and recent jobless claims data have contributed to the cautious market sentiment. Technical indicators are highlighting potential entry points for Bitcoin and Ethereum as the market consolidates in anticipation of key data releases. Traders are closely monitoring these developments to assess future market movements.