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At present, the crypto landscape is dominated by a striking palette of red. When asked about the severity of the situation, one commentator remarked on the "incredible shades of red," suggesting that the downtrend has reached alarming proportions. The decline isn't just limited to cryptocurrencies like Bitcoin and Ethereum; even stablecoins are exhibiting bearish trends. A dashboard of cryptocurrency prices confirms that the downturn is widespread and reflects an ongoing crisis for investors seeking safe havens.