The crypto market experienced a major sell-off, resulting in a significant decline in digital asset prices. Over $2.2 billion of bullish crypto positions were liquidated, marking the "biggest crypto crash" according to CoinGlass. Economist and Bitcoin critic Peter Schiff warned of a "long crypto winter" and highlighted the declines of Bitcoin and Ethereum. However, Bitcoin advocate Michael Saylor advised against selling Bitcoin. The sell-off was driven by macroeconomic concerns, causing the largest two-day decline in over three years for most digital assets. Ethereum experienced its worst drop in nearly four years, and other cryptocurrencies were also affected. The overall market value decreased by around $360 billion.



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