Market Overview - Global investors are grappling with the aftermath of the market sell-off on January 29, which has led to a significant decline in market sentiments and prices [1] - The crypto greed and fear index has dropped to 16, indicating extreme fear, after briefly rising to 26 earlier in the week [1] Bitcoin and Cryptocurrency Performance - Bitcoin has experienced a sharp decline, dropping to $82,759, down 5.7% in 24 hours, and is precariously close to its November low of around $81,000 [3] - Other cryptocurrencies have also seen losses, with XRP and Ethereum down 6.4%, trading at $1.75 and $2,737.07 respectively, while Solana fell by 5.5% to $115.89 [3] Market Liquidations - A total of 277,184 traders were liquidated overnight, resulting in total liquidations amounting to $1.80 billion [4] - The overall cryptocurrency market capitalization has decreased by 5.2%, now standing at $2.9 trillion [4] Market Conditions Prior to the Crash - The market had been under pressure, with precious metals like gold and silver reaching historic highs before the crash [5] - Analysts had mixed expectations regarding a potential recovery in the crypto market following the events of October 10 [5] Geopolitical Influences - Geopolitical tensions, including Donald Trump's threats regarding Greenland and tariff threats to European allies and Canada, have negatively impacted the crypto market [6] - The ongoing crisis with Iran and fears of U.S. military action have further heightened global investor concerns [6] - The announcement of Kevin Warsh as the new Federal Reserve Chair has added to the market's volatility [7]