The cryptocurrency market remains in the doldrums with bearish sentiment driving major tokens, including Bitcoin (BTC) and Ethereum (ETH), into the red. The crypto market cap is down over 1% at $3.79 trillion, with selling pressure dominating market sentiment. Nearly all tokens traded deep in the red over the past 24 hours, with very few exceptions. BTC, which briefly reclaimed the $112,000 level, failed to maintain momentum, briefly plunging below $110,000 for the second time this week and dropping to a low of $109,819.