Crypto Market Update: Bitcoin Struggles at $70K While Altcoins See Mixed Momentum

The cryptocurrency market is experiencing a tug-of-war between bullish optimism and bearish caution. After briefly touching the $70,000 mark, Bitcoin (BTC) faced resistance and dropped back to around $68,400, signaling a temporary downtrend after a strong multi-day rally.

Meanwhile, Ethereum (ETH) continues to hover around $3,700, showing relative stability despite increased volatility across the broader altcoin space.

Altcoins have shown a mixed performance:

Solana ($SOL ) surged 4.3% following a new DeFi protocol launch.

Cardano ($ADA ) dipped 2.1% amid fading momentum.

Pepe ($PEPE ) and other meme tokens remain volatile, with frequent price swings influenced by social sentiment.

Analysts remain divided: Some point to institutional buying and upcoming Bitcoin ETF flows as bullish indicators. Others warn of overbought signals on the daily RSI and a potential correction in June.

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A candlestick chart showing a recent uptrend turning into a downtrend for BTC or ETH, with indicators like RSI or volume spikes visible. The chart should emphasize market hesitation after a strong rally.

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