The cryptocurrency market is experiencing a significant downturn as Bitcoin and Ethereum see substantial declines. Bitcoin has dropped below $90,000 for the first time in seven months, reflecting a broader crypto crisis that has seen the market lose $1.1 trillion in just 41 days. Analysts are voicing concerns about increasing liquidity worries and the potential for a deeper bear market, with Bitcoin recently wiping out all its gains for the year. The recent volatility has been attributed to macroeconomic fears and a shift in investor sentiment, pushing Bitcoin to its lowest price since May and leaving many to speculate whether this signifies the onset of another crypto winter. As the market grapples with extreme fear, other major cryptocurrencies like Ethereum and Solana have also suffered notable losses, contributing to a general atmosphere of uncertainty in the crypto space.