$BTC **BTC Price Drops Below $70K Amid Market Volatility**

Bitcoin (BTC) fell below $70,000 today, down ~3% as traders reacted to mixed macroeconomic signals. Analysts cite profit-taking after recent highs and uncertainty over Fed rate cuts. However, institutional demand remains strong with continued ETF inflows. Support sits near $68K; resistance at $72K. Altcoins followed BTC’s dip, with ETH dropping ~4%. Traders await key US inflation data (PPI tomorrow, CPI Thursday) for clearer direction. Long-term holders stay bullish, citing Bitcoin’s upcoming halving (April 2024) and potential ETF approvals in new markets.

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