What to know:
Bitcoin and major cryptocurrencies experienced a significant sell-off, with bitcoin falling below $75,000 and major tokens losing nearly 20%.
XRP, solana, and dogecoin saw sharp declines, with XRP and SOL dropping over 20% and breaching critical support levels.
The market turmoil is attributed to macroeconomic uncertainties, aggressive liquidations, and recent tariff measures by President Trump, prompting investors to seek safe havens.
