Bitcoin dropped sharply today after strong selling pressure hit the market. Traders reacted to rising US bond yields and stronger dollar data. Many investors moved to cash, reducing exposure to risky assets. BTC lost key support near $70,000, triggering more liquidations across major exchanges. Short-term sentiment looks weak, but long-term holders remain steady. Market data shows over $300M in liquidations in 24 hours. This drop reminds you to use stop-losses, avoid over-leverage, and buy only what you can hold through volatility. Smart investors see corrections as opportunities, not disasters. Stay calm, stay informed, and plan your next move.
When Bitcoin falls, altcoins usually follow.
Here’s what happens:
Traders sell altcoins to cover Bitcoin losses.
Liquidity moves from small caps to BTC and stablecoins.
Fear rises, so demand for risky coins drops.
Correlation data shows altcoins often fall 1.5–2x faster than BTC.
Only strong projects with active ecosystems hold better.
Watch Ethereum, Solana, and major DeFi coins for direction.
If BTC stabilizes, altcoins recover slowly after.
You can use that phase to buy high-volume coins at support levels.