**Bitcoin Takes a Tumble, Market Sentiment Dives into "Extreme Fear"**

- Bitcoin briefly dipped below $56,000, causing the Crypto Fear & Greed Index to hit a nerve-wracking 22. 😱

- BitMEX co-founder Arthur Hayes predicts BTC could slide another 12% to under $50k this weekend.

- BTC's 24-hour drop wiped $29.7 billion from its market cap, but it’s now trading at $56,533.

- Other cryptos felt the heat too: ETH down 2.23%, SOL dropped 2.82%, and XRP slid 2.19%.

- Over $94 million in liquidations occurred, with Bitcoin and Ether long bets taking the biggest hits.

Stay tuned, crypto enthusiasts!