Crypto market looks bearish ahead of CP| report, BTC at $60k:

The global crypto market capitalization declined 3.3% in the past 24 hours, sitting at $2.22 trillion, per data from CoinGecko. The market-wide trading volume has been moving between $80 billion and $87 billion as bears continue to dominate.

Bitcoin @bc-0.49%Bitcoin plunged below $61,000 and is trading at $60,800 at the time of writing. The leading cryptocurrency briefly touched an intraday low of $60,300 earlier today.

According to data provided by Santiment, whale transactions consisting of at least $100,000 worth of BTC declined from 10,098 to 8,176 over the past day. Declining whale activity usually hints at market uncertainty or selloff from retail traders.