The sell-off pressure continues to mount on the cryptocurrency market, with Bitcoin and Ethereum struggling to gain any meaningful momentum amid broader financial market volatility. Both assets have extended their corrective phases, mirroring the lackluster performance in traditional markets, as a risk-off sentiment continues to grip investor outlook, analysts said.

Bitcoin has dipped below the $67,000 mark, facing stiff resistance around the $70,000 level. According to Riya Sehgal, research analyst at Delta Exchange, the recent price drop in Bitcoin is part of a broader market trend, largely driven by risk aversion in the financial markets. “Bitcoin’s latest drop closely tracked high-growth US tech stocks, indicating the…