According to @KobeissiLetter, the cryptocurrency market experienced a significant reduction in market capitalization, losing $130 billion in a single day. This substantial decline reflects a shift in market sentiment, indicating reduced risk appetite among traders. The current trend suggests heightened volatility, making it crucial for traders to monitor market developments over the weekend as cryptocurrencies are considered a leading indicator of risk appetite. For real-time updates and analysis, follow @KobeissiLetter.