Bitcoin experienced a sharp decline of 1.21% within 20 minutes on October 7, reaching a low of $123,288 before slightly recovering to $123,739. This movement contributed to a 0.63% decline over the past 24 hours. Meanwhile, Ethereum also saw a significant drop of 1.88% in the same timeframe, hitting a low of $4,664. It is currently trading at $4,702, with its 24-hour gain reduced to 1.67%.