The cryptocurrency market experienced a significant downturn today, with Ethereum leading the charge down by over 10%. The price of ETH plunged to an intraday low of $1,601 according to CoinGecko data. This dramatic slide has coincided with other altcoins, like Dogecoin and Solana, also posting steep losses. Bitcoin, while still experiencing a decrease, is holding up relatively better than Ethereum. However, the ETH/BTC ratio has hit its lowest point since March 2020. The sell-off comes in the wake of the U.S. stock market losing over $6 trillion within two days this week. This decline seems to be impacting the entire cryptocurrency landscape, with analysts predicting a possible crash for Bitcoin potentially reaching as low as $60,000 by year end, according to prominent investor Jason Calacanis. Wall Street is bracing for an intense sell-off. Reports indicate that major trading desks are fully prepared for the opening tonight. These trading desks expect further selling pressure and are even anticipating a market crash comparable to the 2008 market downturn as per Fox Business reporter Charles Gasparino’s recent statements.