The cryptocurrency market is reeling after the US JOLTS report revealed a surge in job openings, prompting investors to engage in 'fear selling.' Approximately $205 million worth of crypto was dumped in just one hour, as fears of increasing interest rates loom large. Compounding the crisis, the US DOJ received court approval to sell 69,370 Bitcoins seized from Silk Road, potentially destabilizing the market further. Currently, major cryptocurrencies like Bitcoin and Ethereum are experiencing significant price declines, casting doubt on their recovery prospects in early 2025.