The cryptocurrency market experienced a downturn, with Bitcoin (BTC) falling to its lowest point in nearly three months. Ethereum (ETH), the second-largest cryptocurrency, also suffered losses, dropping 11.8% in the past 24 hours to $2,375. This decline was not isolated; Solana (SOL), XRP, BNB, and AVAX all experienced significant drops as well. Market analyst Omkar Godbole has raised concerns of an impending ‘death cross’ for Ethereum. 🧐 This technical indicator signals a major weakening in the cryptocurrency’s price based on a crossover between the 50-day simple moving average (SMA) and the 200-day SMA, which would happen if the 50-day SMA moves below the 200-day SMA. A death cross is often seen as a warning signal for investors. ⚠️ 🔮 The analyst points to several contributing factors to the decline: technology stocks on Nasdaq are expected to continue declining, and the Japanese yen has strengthened, which could trigger risk aversion akin to August’s period. The Bank of Japan’s interest rate hike discussions and the yen’s strength have reminded analysts of July’s events when a similar pattern led to a broad market downturn and Bitcoin’s fall from $65,000 to $50,000 in just days after the BOJ announcement. The decline followed Trump’s statement announcing the continuation of tariffs on Canada and Mexico. This uncertainty triggered rapid declines for both Bitcoin and the rest of the altcoins.