Bitcoin Plunges 12% Below $70,000: What's Next for Crypto Markets?

• Bitcoin dropped nearly 12 percent in a week, trading just above $69,280 as markets await new catalysts.
• Other major cryptocurrencies like Ethereum, XRP, and Solana also saw declines, while USDC and Tron edged up.
• Despite short-term bearish sentiment, long-term holders are accumulating BTC, and Bitcoin ETFs recorded over $371 million in net inflows.
• Upcoming US CPI data and a weakening dollar are key macro catalysts that could influence Bitcoin's price action.
• Experts advise caution, with key support at $70,000 and a deeper floor at $64,000-$66,000; upside capped at $75,000-$76,000.