The cryptocurrency market fell 3% today, with a total market value dropping to $3 trillion. Bitcoin fell to $103,000, a decrease of 1.1%. Major altcoins like Ethereum, Solana, and Ripple also dropped by up to 3%, while meme coins like Dogecoin and Litecoin continued to decline.

Top analyst Crypto Capo recently issued a strong warning, stating: "We haven't seen anything yet." He warned that while Bitcoin remains above $100,000, altcoins have significantly dropped.

He pointed out two key support levels for Bitcoin: first at $93,000, and then the major support level between $60,000 and $70,000. This would mean a decline of 35-45% from current levels. The analyst noted that in the event of a total capitulation or a 'black swan' event, Ethereum's price could drop by 45-55%, falling to the $1,000-$1,200 range. Altcoins are expected to average a decline of 50-70%, with meme coins potentially facing the largest hit. The analyst believes these coins could see declines of up to 60-80%.