This round of the big dip dropped to around 58,000 and then bounced back. ETH, XRP, and Dogecoin led the sell-off pretty aggressively, and when US tech stocks collapsed, the whole crypto market followed and bled out. Still, the guys at CF Benchmarks have a point too—historically, in the 50,000 to 60,000 range, the bids have always stepped in to hold it. The question is whether they can catch it again this time.