The cryptocurrency market fell 3% today, with a total market capitalization dropping to $3 trillion. Bitcoin has dropped to $103,000, down 1.1%. Mainstream altcoins such as Ethereum, Solana, and Ripple have also fallen by as much as 3%, while meme coins like Dogecoin and Litecoin continue to decline.

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

He pointed out two key support levels for Bitcoin: firstly at $93,000, and then the major support level between $60,000 and $70,000. This would result in a 35-45% drop in Bitcoin's price from current levels. The analyst stated that under a full capitulation or in the event of a 'black swan' incident, Ethereum's price could drop 45-55%, falling into the $1,000-$1,200 range. Altcoins are expected to average a 50-70% drop, while meme coins may suffer the most. The analyst believes that these coins could see declines of 60-80%.