This article was first published on TurkishNY Radio. The cryptocurrency market experienced a significant downturn, with Bitcoin leading the slide and losing over $1 billion in value. Ethereum, Solana, and XRP also witnessed notable declines. Bitcoin dropped below $108,464, while Ethereum declined to around $3,930, and XRP was down about 4%. All cryptocurrencies experienced losses between 3-5%, as risk aversion gripped the market. The Crypto Fear & Greed Index remains in the low 30s, indicating a high level of caution and a strong selling pressure. This coincided with almost $1 billion worth of liquidations across perpetual and futures markets within the past day, implying many leveraged long positions were forced to be closed at prices below their initial value.