Bitcoin dipped about 3.7% over the last 24 hours, moving from $77,408.07 to $74,684.30, with a 24h range of $74,289.60–$77,900.00. Open interest and volume rose while funding rates declined and the premium index ticked up, with the ISO 20022 Season leading the sector.

Based on what is currently happening in the market, the sentiment for cryptocurencies is bearish.