The markets are in freefall, with stocks and cryptocurrencies experiencing significant losses today. Bitcoin has plummeted by 6%, dragging the entire crypto sector down and erasing over $200 billion in market value, while traditional tech stocks are under pressure, exacerbating the negative sentiment. Precious metals like silver are also taking a hit, indicating widespread panic rather than a flight to safety. The overall climate is one of fear, with analysts predicting potential further declines for Bitcoin, especially as it hovers dangerously close to critical support levels.