Cryptocurrencies Are Dipping — But Here’s What’s Actually Happening
Major cryptocurrencies slipped as Bitcoin hovered near $70,000, with Ethereum and XRP also trading lower. BTC failed to hold above $74,500, triggering short-term selling and stop-loss liquidations after a strong rally.
Analysts say the move reflects a routine correction, amplified by profit-taking, ETF outflows, and broader weakness in equities.
Despite the dip, key support levels remain intact, and there are no signs of widespread panic or structural breakdown.
Markets are now watching whether this pullback deepens — or simply clears the way for the next move higher.
