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I just saw BTC is currently at $73.28K, but its volatility is still quite high. Technology sector stocks have also been declining significantly recently, and it seems this is affecting overall crypto sentiment.
Looking at mining activity, the hash rate remains stable despite price fluctuations. This is interesting because usually when BTC mining profitability decreases, some miners go offline. But so far, there hasn't been significant pressure on infrastructure.
All of this indicates that the market is in a consolidation phase. There might be a bounce back, but we need to see if tech stocks can recover or not. If tech stocks keep falling, BTC is likely to follow.