Crypto Dip Alert: BTC Below $70K and Altcoin Pain

The crypto market is facing a tough day. Prices are dropping, and fear is spreading among investors. Bitcoin has fallen below $70,000 again, sitting at around $68,100. The total market cap has lost $63 billion in just 24 hours, now hovering at $2.30 trillion. If you are asking yourself >, this post breaks it down simply. We look at key news, technical signs, and what might happen next.

Quick Market Snapshot: The Numbers Don’t Lie

The entire crypto space feels heavy. The total market value dropped from higher levels to a tight range between $2.30 trillion and $2.37 trillion. This sideway move shows traders are unsure what to do next.

• Total Crypto Market Cap: $2.30 trillion (down $63B in 24h)
• Bitcoin (BTC): $68,108, key support at $67,674
• Top Loser – MYX Finance (MYX): Down 17% to $5.17
• Fear & Greed Index: Extreme Fear mode

This fear comes from bigger money markets. Stocks and risk assets are shaky, making investors pull back from crypto too. When traditional finance sneezes, crypto catches a cold.

Big News Shaking Things Up

Two major stories are fueling the drop:

SafeMoon CEO Gets 100 Months in Prison

A US judge sent former SafeMoon CEO Braden John Karony to prison for over 8 years. He was convicted of fraud that led to the token’s big crash. A hearing on April 23 will decide on fines and repayments. This news reminds everyone of scams in crypto. It scares new investors and adds to the bad mood.

Goldman Sachs Reveals Huge Crypto Bets

Even with the dip, big banks are in. Goldman Sachs filed its Q4 2025 report showing $2.36 billion in crypto. Breakdown:

• Bitcoin: $1.1 billion
• Ethereum: $1.0 billion
• XRP: $153 million
• Solana: $108 million

This is 0.33% of their portfolio. It’s a sign institutions see long-term value, but short-term fear wins today.

Macro Fears Spill Over to Crypto

Crypto doesn’t live alone. Right now, investors fear risk everywhere. Stock markets are wobbly, interest rates are a worry, and global news adds pressure. The Fear and Greed Index at extreme fear means panic selling. In such times, prices can drop fast as people sell to stay safe.

Liquidity is tight too. Less money flowing in means more volatility for Bitcoin and altcoins.

Bitcoin Price Breakdown: Support or More Pain?

BTC is at $68,108, just above $67,674 support. Hold here, and it might stabilize. But if sellers push harder:

• Next stop: $62,893 (major downside level)

Technical tools show weak buying. Money Flow Index is below 50, meaning sellers control. BTC is stuck under $70,000 resistance.

Bullish Hope: If fear eases, BTC can reclaim $70K. Break $72,294, and aim for $75K. Long-term holders stopping sales could spark this.

Altcoins Hurting Bad: MYX Finance Leads Losses

Altcoins are down more than BTC. MYX Finance dropped 17% to $5.17, breaking $5.27 support. Chaikin Money Flow turned negative, showing money leaving.

• Next risk: $4.81 support
• Recovery sign: Back above $5.27, target $5.99

Weak demand and high volatility make altcoins risky now. Stick to majors like ETH or SOL if trading.

Fear & Greed Index: A Bottom Signal?

Extreme fear often marks market bottoms. Past dips show bounces after this. But don’t buy blind – wait for signs like higher volume or macro relief.

What Happens Next? Bull vs Bear Scenarios

Bear Case: More Downside

If fear grows, total market cap tests $2.25T. BTC to $62K, alts deeper losses. Watch macro data like jobs reports or Fed talks.

Bull Case: Quick Bounce

Sentiment shift could push total cap to $2.45T, then $2.64T. BTC over $70K to $75K. Needs fresh money and less selling.

Key levels to watch:

• Total Market: Resistance $2.37T
• BTC: Support $67,674, Resistance $70K
• MYX: Support $4.81

Tips for Traders in This Dip

1. Stay Calm: Dips are normal in crypto.
2. Use Stops: Protect against big drops.
3. Dollar Cost Average: Buy small amounts over time.
4. Watch News: Macro events matter most now.
5. Diversify: Don’t go all-in on one coin.

The Goldman Sachs buy shows big money is still interested. SafeMoon news hurts short-term but cleans the space long-term.

Final Thoughts on

Today’s drop blends fear from stocks, bad crypto news, and weak tech signals. But extreme fear can flip to greed fast. BTC holding support is key. Stay informed, trade smart, and position for the rebound. Crypto cycles always recover stronger.

Keep an eye on Bitcoin price today and Fear & Greed for clues. What do you think – buy the dip or wait?