Bitcoin is starting to rebound after a rocky night that saw the top cryptocurrency by market cap dive below $75,000 for the first time in over a month, dipping as low as $74,344 in the early hours of Saturday.

The coin is currently trading around $75,500, showing a 1.8% drop over the last 24 hours and 2.7% in the last week. Bitcoin had traded above the $80,000 mark as recently as last week before leading a broader crypto market dip in the days since.

Other major cryptocurrencies are showing similar declines, with Ethereum falling 2.7% in the last day to a recent price of $2,059 and Solana declining over 3% to a price of $84.

Thanks to Bitcoin’s overnight dip below the $75,000 mark, a growing pile of crypto futures positions has been…