Bitcoin’s price has recently dropped below the crucial $100,000 mark, sparking significant declines across the crypto market. This drop is attributed to a combination of factors, including on-chain liquidations and macroeconomic pressures that have impacted the global cryptocurrency landscape. 2023 market struggles reflect shifting institutional capital and economic headwinds, further exposing the crypto industry’s vulnerability to external factors. The sell-off has led to a $300 billion decrease in crypto market capitalization, with investors withdrawing from exchange-traded funds (ETFs) as concerns grow. Experts have highlighted the need for caution and skepticism regarding the current downturn, drawing parallels to past market corrections like the 2021 crash. This event offers valuable insights into navigating the volatility of the crypto market.