The cryptocurrency market is experiencing a downturn, with Bitcoin heading towards the US$60,000 mark and a general drop in altcoins. The situation is marked by a lower-than-normal trading volume.

Bitcoin, the market’s leading cryptocurrency, is currently trading at $60,900 with no gains in the last 24 hours, which increases its accumulated losses to around 5% for the week.

Besides Bitcoin, large-cap altcoins are also seeing modest declines. Ethereum (ETH) saw a low near $3,360 during the day, while Binance Coin (BNB) and Solana (SOL) saw declines of nearly 2%, respectively. TON saw a gain of 1% to $7.61.

Among the steepest decliners is Lido DAO (LDO), which saw a 15% decrease in its price. So-called meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) also faced losses, decreasing 1.3% each. PepeCoin (PEPE) is close to $0.00001164 and has seen a 6% drop in the last 24 hours.