I just looked at the latest numbers in the market and there's quite a big damage. Bitcoin has dropped to $68,807, about a 5% loss. Ethereum is at $2,005, very close to the psychological level of $2,000 that all traders know. But the real massacre is in altcoins - Solana is the worst performer, down 6.47%, XRP 4.50%, all of them are falling faster than Bitcoin. This is really the pattern we see every time there's market panic.

The reason? The U.S. jobs report released this morning triggered the whole thing. 92,000 jobs were lost, unemployment rose to 4.4%, and the Fed is stuck in the middle - unable to cut rates because inflation is still high, but also unable to stay put because employment is struggling. This is the perfect storm for risk assets, and crypto is leading the crash. The Fear and Greed index has dropped to 23 out of 100, pure fear territory. Correlation with the S&P 500 is 72%, meaning crypto is no longer moving based on its own fundamentals - everything is driven by global economic anxiety.

So where are we? Bitcoin at $68,000 is the line everyone is watching. If it can't hold, expect a deeper pullback. The next support is $65,000, and if it falls below that, altcoins will suffer even bigger losses. Ethereum at $2,000 is also critical. But there's a silver lining - the Fed meeting on March 18 could provide clues about rate cuts, and if that happens, money will quickly flow back into risk assets. Until then, the market is in fear mode, and in fear mode, money just runs into Bitcoin and cash. Everyone else is just selling.