The cryptocurrency market is in disarray as Bitcoin has plunged nearly 30% from its all-time high, dropping to levels not seen in six months. Since its peak in October, Bitcoin has lost almost $800 billion in market value, with the broader crypto sector shedding over $1.2 trillion. Analysts speculate that a weakening stock market and rising risk aversion among investors are contributing to this downturn. The volatile trading landscape has resulted in significant liquidations, with nearly $2 billion wiped out in quick succession. Experts are now questioning whether Bitcoin is nearing a bottom or if this marks the beginning of a new bear market, as some indicators suggest potential recovery points around $73,000 to $84,000. However, the outlook remains uncertain as the market grapples with a possible tech bubble burst and shifting investor sentiments.