The cryptocurrency market has experienced a significant downturn, with prices dropping 5.6% over the past four days, resulting in a $230 billion loss in market value. Bitcoin's price fell from $117,000 to $112,000, while Ethereum and Solana also faced notable declines. In the last 24 hours, over $1.7 billion in leveraged positions were liquidated, contributing to a nearly 4% decrease in the total crypto market cap, which shrank by $158 billion, according to CoinMarketCap. The decline is attributed to profit-taking, the Federal Reserve's cautious stance, and bearish market signals, challenging the optimism surrounding the 'Uptober' rally.