On Tuesday, leading cryptocurrencies faced a steep decline due to geopolitical uncertainties and a significant sell-off by Strategy Inc., which sold $2.5 million worth of Bitcoin. Bitcoin dropped 6.15% to $66,829.58, while Ethereum fell 6.65% to $1,860.68, reaching a nearly three-month low. XRP and Dogecoin also experienced sharp losses, with declines of 4.84% and 7.70%, respectively. The overall cryptocurrency market saw a staggering $1.78 billion liquidated within 24 hours, primarily from long positions, as Bitcoin's open interest decreased by 3.22%. The Crypto Fear & Greed Index reflected a sentiment of 'Extreme Fear' among traders. Analyst Ali Martinez suggested that the chances of Bitcoin's price accelerating downward towards $65,000 have increased significantly, as it fell below crucial support levels. Despite this turmoil, traditional stock markets continued to rise, with the Dow Jones Industrial Average and S&P 500 reaching record highs.