The cryptocurrency market experienced a significant downturn over the weekend, with Bitcoin’s price plummeting to three-month lows, triggering a $900 billion contraction in market capitalization. This widespread decline highlights vulnerabilities within the crypto structure and raises concerns about liquidity and investor confidence. While Bitcoin’s value dropped to approximately $93,000 before a slight rebound, the fall also impacted Ethereum and other altcoins, suggesting broader market volatility. [Insert link to original article]** 80% of traders have closed their positions as a result of this recent price drop, according to CoinLive’s latest survey. The overall industry is facing potential consequences including decreased DeFi Value Locked (TVL) and increased trading volumes on exchanges due to heightened market volatility. Experts anticipate that regulatory scrutiny may intensify, especially given past downturns linked to macroeconomic factors such as rising interest rates. However, the absence of immediate official responses adds further uncertainty to an already volatile situation. The industry might see a slowdown in technological progress due to reduced investor confidence, while sustained speculation could emerge. Lessons from previous market downturns suggest a gradual recovery process.