The crypto market saw a recent dip due to rising uncertainty in the global economy. High interest rates and a strong U.S. dollar pushed investors to move funds out of risk assets like crypto. When Bitcoin broke key support levels, fear spread across the market, directly impacting overall prices.
In addition, the liquidation of high-leverage long positions increased selling pressure. Whales took profit, while negative sentiment and news further deepened the dump. This move can be part of the market cycle — not every dip is a crash; sometimes it’s a healthy correction before the next trend.
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BTC
75,088.01
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741.41
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ETH
2,199.24
-4.78%