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Why the Crypto Market is Down Today: Bitcoin Hits Wall at $70K

Why the Crypto Market is Down Today: Bitcoin Hits Wall at $70K

The crypto world feels heavy right now. Bitcoin sits stuck below $70,000, the total market cap has slipped back to $2.33 trillion, and altcoins like MYX Finance are taking big hits. If you’re wondering why the crypto market is down today, you’re not alone. Traders are watching closely as key events and technical walls create uncertainty. In this post, we’ll break it down simply: the main reasons, what’s happening with Bitcoin and the broader market, and what might come next.

Waiting for the PCE Report: The Big Macro Trigger

One key reason for the dip today is the upcoming PCE Index report. PCE stands for Personal Consumption Expenditures. It’s the U.S. Federal Reserve’s favorite way to measure inflation. This report comes out…

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