The cryptocurrency market is experiencing a bearish phase, reflecting a broad decline in asset prices. Over the past 24 hours, the global crypto market cap has dropped more than 5.45%, now standing at $3.44 trillion.

Among the cryptocurrencies facing significant losses, Worldcoin (WLD) has emerged as one of the notable underperformers. The digital asset saw its value plummet by 18.87% in a single day, indicating a concerning downtrend for investors.

This dramatic slump in Worldcoin's value raises questions about its future stability and potential recovery within the market. Investors are keenly observing whether WLD will remain stuck in what appears to be a bear trap following its significant decline.