Bitcoin Stumbles Below $70K Threshold, Ethereum Dips

Bitcoin (BTC) and Ethereum (ETH) dipped on Wednesday, but BTC remained above $70,000 and ETH stayed over $3,500. Mantle (MNT) was the top gainer with a 39.7% increase, while KuCoin Token (KCS) led the losses with a 15.7% drop. The global crypto market cap fell 0.9% to $2.65 trillion.

Bitcoin Resists Below $70K, Top Crypto Token Dips

Is bitcoin's bullish run on hold? The bellwether cryptocurrency retreated on Wednesday, though it managed to stay above the $70,000 threshold. Ethereum also slipped, tumbling below the $3,600 mark.

Winners and Losers

Who's leading the crypto charge? Mantle MNT topped the gainers' chart with a 39.7% surge in the past 24 hours. Sui SUI and Fetch.ai FET also made notable gains.

Who's struggling in the crypto market? KuCoin Token KCS suffered the steepest losses, plummeting by 15.7%. Conflux CFX and Kaspa KAS also saw significant declines.

Market Cap Correction

Has the crypto bubble burst? As of this writing, the global crypto market capitalization has shed 0.9% to $2.65 trillion. Bitcoin lost about 1% to trade at $70,157, while Ethereum fell 1.7% to $3,578.

Is a Crypto Winter Coming?

Is the crypto party over? Some investors are questioning whether the recent sell-off is a sign of a broader market downturn. Others remain optimistic, citing the robust fundamentals underpinning these digital assets.