The crypto market experienced significant liquidations due to a broad market downturn, triggered by macro forces and geopolitical tensions. Bitcoin, Ethereum, Solana, XRP, and Dogecoin all saw substantial drops, with liquidations exceeding $700 million in a single day, and over $218 million for Ethereum alone. Bitcoin's failure to hold the 200-day and 200-week moving averages on the 4-hour chart signaled a bearish trend, leading to a 6.5% drop. However, precious metals like gold and silver are showing resilience, with gold reaching all-time highs and silver experiencing a surge due to supply shortages. This divergence suggests a potential rotation from risk assets into safe havens. The US government shutdown risk also adds to market uncertainty, but regulatory clarity in the crypto space, such as the potential passage of bills, could provide a more stable foundation for future growth. Despite short-term volatility, long-term holders remain optimistic about Bitcoin's potential.