In the past two days, the cryptocurrency market has experienced a significant decline. The current price of Bitcoin is $102,378, down 3.07% from the previous day. Ethereum has also decreased by 3.20%, now at $3,218.67. Other coins such as BNB, XRP, and Cardano have also recorded similar declines.

The main reasons for the market downturn include:

1. President Donald Trump's policies: After his inauguration, President Trump did not mention cryptocurrency and did not revoke unfavorable crypto orders from his predecessor, raising concerns among investors.

2. Strong employment data in the U.S.: A better-than-expected jobs report has raised concerns that the U.S. Federal Reserve (Fed) may maintain higher interest rates for an extended period, negatively impacting risk assets like cryptocurrency.

3. Liquidations in the market: In the past 24 hours, the cryptocurrency market has witnessed liquidations totaling $195 million, contributing to increased selling pressure.

These factors have created a cautious sentiment and selling pressure in the market, leading to a decline in the value of major cryptocurrencies.