Bitcoin has climbed back above the $74,000 mark today after slipping below $70,000 earlier.

The recovery seems more like short-covering than genuine buying power – spot demand remains weak and stablecoin holdings on exchanges are decreasing.
This suggests that fresh money is more likely to wait rather than buy the dips.

The broader sell-off in the tech sector has somewhat eased, but uncertainty remains: US interest rates, Federal Reserve leadership, a stronger dollar – all weigh on sentiment.
Bitcoin has fallen up to 7 percent in the last 24 hours, while silver has plunged 17 percent.
Galaxy Digital warns that without clear positive catalysts, prices could fall significantly again, with potential lows around $60,000 to $65,000.

Funding rates remain negative, indicating bearish positioning.
The fight for a stable breakout above the $76,000 mark has already been ongoing for two months.
As long as macroeconomic uncertainties persist and price movements fluctuate over $500 daily, the situation remains fragile.