2026 has not been easy for crypto markets. Bitcoin dropped another 4% in a single move, bringing the price into the $63,000–$64,000 range. The move caused over $1.1 billion in liquidations within 24 hours, hitting long positions the hardest with about $945 million lost.  This drops Bitcoin by about 32% year-to-date. Ethereum fares worse, declining around 45%. This kind of drawdown has dragged sentiment across the entire market, including XRP and Solana.