Bitcoin, Ethereum, and the overall crypto market experienced a decline as fears of a broader market downturn shook investors. BTC and ETH both saw significant drops in value, with BTC falling over 3% and ETH plunging over 8%. The overall sentiment of investors has entered the "extreme fear" territory. The cumulative market cap of digital assets also declined by around 4% in the last 24 hours. Additionally, the Nasdaq 100 suffered a significant drop after US President Donald Trump warned of economic turbulence from trade wars. Market charts suggest that the hype is fading and liquidity is tightening, leading retail traders to realize the potential risks. 10x Research identified parallels between the end of the previous crypto bull market and the current one, with loud voices promising high returns during market pumps, but changing their rhetoric to acknowledge volatility during downturns. The report also highlights the shifting tactics of hedge funds and the ongoing exploitation of retail traders. The market situation is seen as a macro Déjà Vu, with the Federal Reserve adopting a hawkish stance as market hype fades. Despite recent bullish announcements, the BTC price is down by almost 13% for the year and struggling to keep up. The price of XRP has also seen a decline, and Ethereum has performed poorly in recent bull runs. Trump's pro-crypto stance, which initially drove Bitcoin's rally, has not had a significant impact on the market, and the lack of active government BTC purchases has left investors unimpressed. The crypto market is currently on a downtrend, and the question remains whether Trump's election was the last major catalyst or if the market is stuck in a cycle of déjà vu.



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