The crypto market saw a sharp downturn in the past 12 hours, with Bitcoin down 4.4% to $97,474 and Ethereum dropping 9.3% to $3,144.86, driven by hawkish Bank of Japan comments and broad risk-off sentiment. Altcoins also declined, with
ZEREBRO down 6.2%, Jelly-My-Jelly off 3.1%, and
PIPPIN losing 8.7%. Over $430M in altcoin liquidations and negative funding rates highlight bearish momentum.