The cryptocurrency market is experiencing a downturn, with its total capitalization falling by 1.6% to $2.54 trillion, despite record highs in US equities. This decline marks a continuation of range-bound trading, with Bitcoin dropping below $76,000 and sentiment shifting into extreme fear, as indicated by a sentiment index score of 25. Over the past week, global investments in crypto funds have plummeted by $1.467 billion, the lowest since January, with significant withdrawals from Bitcoin and Ethereum. Notably, Bitcoin investments saw a decline of $1.315 billion, while altcoins like XRP and Solana recorded slight increases. The total outflow of $2.54 billion over two weeks suggests a growing aversion to risky assets, coinciding with the onset of summer. Additionally, the market capitalization of stablecoins has reached a record $323 billion, surpassing the foreign exchange reserves of 95 countries. Analysts note that Ethereum is facing challenges amid strategic changes from its foundation.