The cryptocurrency market is facing a severe downturn, losing $190 billion this month, with Bitcoin's price dropping from $73,800 to below $67,000. The sell-off was triggered by the announcement of a Bitcoin sale by Michael Saylor's firm. Liquidations surged, affecting over 266,000 traders.

• 01The total cryptocurrency market cap fell from $2.57 trillion to $2.38 trillion since June 1, 2023.
• 02Bitcoin's price has decreased significantly, marking its worst performance since February 2023.
• 03Liquidations in the crypto market reached $1.73 billion in the last 24 hours, affecting 266,158 traders.
• 04Major cryptocurrencies like Ethereum and XRP also saw significant price drops, with Ethereum falling from $2,000 to $1,870.
• 05Stocks of crypto-related companies like Coinbase and Robinhood also experienced declines, with Robinhood falling nearly 5%.

The significant drop in cryptocurrency values is likely to affect traders and investors in the digital assets market.