🚨 Market Update: Bitcoin Rejects $70K, Slides to $65K! 📉
Bitcoin's attempt to reclaim $70,000 failed, retreating to $65,700 amid shifting market sentiment.
Key Highlights:
📍 Altcoins Hit Hard: SOL & ETH down over 6%, erasing recent gains.
📍 Macro Pressure: Hotter U.S. PPI data and Nvidia's decline dragged risk assets lower.
📍 USDT Alert: Exchange reserves dropped from $60B to $51.1B. A dip below $50B could spark a massive sell-off.
📍 Range Bound: BTC remains stuck in the $60K - $70K zone since Feb 5th.
Prediction: Will the $60K bottom hold for March, or are we going lower?
Let’s discuss below! 👇