The cryptocurrency and stock markets have experienced substantial losses recently, with over $1.5 trillion wiped from the U.S. stock market in a single day. Reports indicate that this decline occurred on December 18, 2024, marking a significant downturn for traditional markets. In the cryptocurrency sector, liquidations have also surged, with over $1.1 billion in long positions liquidated in the past 24 hours, as Bitcoin's price fell to approximately $100,000. The broader crypto market saw around $700 million lost in value within the same timeframe, highlighting the volatility and risks traders face amid these market shifts.