Bitcoin price is down over 10% and it broke many important supports near USD 55,000 and USD 52,000. BTC is currently (05:00 UTC) struggling to settle above USD 50,000. A daily close below USD 50,000 may possibly open the doors for more losses towards USD 45,000.
Similarly, there were strong bearish moves in most major altcoins. ETH/USD is down over 15% and it is struggling to stay above USD 1,600.