The cryptocurrency market experienced a significant downturn, with Bitcoin falling to a two-week low of $64,251.13, triggering over $663 million in liquidations across the market in the last 24 hours. This sharp decline in Bitcoin's price to below $64,000 and further down to under $63,000 led to a market-wide correction, affecting major altcoins with nearly an 8% drop. The majority of the liquidations occurred on Binance, with long positions on Bitcoin alone incurring losses of $100 million, while Ethereum, Solana, and Dogecoin saw a combined $120 million in long liquidations. The total liquidations in the past hour saw a further ~$100 million liquidated, contributing to the overall tumultuous market conditions.