Bitcoin Dips Below $71,000: Crypto Market Under Pressure Amid Macroeconomic Headwinds

M
Moneycontrol•05-02-2026, 09:42
Bitcoin Dips Below $71,000: Crypto Market Under Pressure Amid Macroeconomic Headwinds
- •Bitcoin fell to $71,296, down 6.68% in 24 hours and nearly 18.81% over the week, reflecting broader market caution.
- •Akshat Siddhant of Mudrex attributes volatility to macro sensitivity and geopolitical tensions, with $71,000 as key support.
- •CoinSwitch Markets Desk notes BTC's slip below $73K–$74K triggered liquidations, pulling it towards $72K liquidity.
- •Other major cryptocurrencies like Ethereum, Solana, and BNB also experienced significant declines.
- •Analysts link the crypto market's pressure to global macro signals, inflation data, central bank news, and equity market volatility.
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