Bitcoin falls below 70,000 as the dollar makes a strong comeback—how is Musk’s puppy holding up?
Bitcoin was still consolidating near its highs yesterday, but today it plunged straight below 70,000, while the Dollar Index surged to a 19-month high. This is no gimmick: as the dollar strengthens, money flows into bonds and cash. Risk assets are the first to be sold off, and Bitcoin, the biggest risk asset of them all, takes the first hit.
I just checked the positions: Ethereum is right behind it, currently at $1,941.77, facing heavy resistance at the $2,000 mark. It’s unlikely to make an independent move in the short term. Solana is no exception, currently at $78.80. Even a surge in on-chain activity can’t shield it from the sell-off. It’s clear that money is shifting elsewhere—it’s not just individual coins falling; capital is rotating across the board.
But amid this downturn, Musk’s puppy hasn’t joined the broader market in collapsing. The puppy has its own rhythm, with Musk backing it, which gives people confidence. A sharp drop isn’t the end. The moment the Dollar Index peaks, money will flow back into the crypto market.
Watch to see whether Bitcoin can hold the 70,000 level tonight. If it stabilizes, there may be a chance to catch a rebound; if it keeps falling, it’s best to wait and see. Musk’s puppy is worth waiting for.
🐶 Let’s check out Musk’s puppy together ✨🚀
Bitcoin was still consolidating near its highs yesterday, but today it plunged straight below 70,000, while the Dollar Index surged to a 19-month high. This is no gimmick: as the dollar strengthens, money flows into bonds and cash. Risk assets are the first to be sold off, and Bitcoin, the biggest risk asset of them all, takes the first hit.
I just checked the positions: Ethereum is right behind it, currently at $1,941.77, facing heavy resistance at the $2,000 mark. It’s unlikely to make an independent move in the short term. Solana is no exception, currently at $78.80. Even a surge in on-chain activity can’t shield it from the sell-off. It’s clear that money is shifting elsewhere—it’s not just individual coins falling; capital is rotating across the board.
But amid this downturn, Musk’s puppy hasn’t joined the broader market in collapsing. The puppy has its own rhythm, with Musk backing it, which gives people confidence. A sharp drop isn’t the end. The moment the Dollar Index peaks, money will flow back into the crypto market.
Watch to see whether Bitcoin can hold the 70,000 level tonight. If it stabilizes, there may be a chance to catch a rebound; if it keeps falling, it’s best to wait and see. Musk’s puppy is worth waiting for.
🐶 Let’s check out Musk’s puppy together ✨🚀
