The crypto market experienced a dramatic downturn this week, with bitcoin and ethereum’s prices plummeting significantly. After hitting record highs just days ago, the combined total market value dipped below $4 trillion, sending shockwaves through the industry. Bitcoin fell to around $115,000, while Ethereum dropped under $4,300, a steep drop compared to last week’s high of over $4,500. The abrupt reversal from celebratory highs to heavy losses highlights the volatile nature of the market and leaves investors with lingering uncertainty about its future trajectory. 2023 has already seen several notable sell-offs in the crypto market, and this recent slump is likely due to a combination of factors including institutional selling pressure.