Bitcoin has stabilized near $70,000 after a significant decline, while Ethereum has stabilized around $2,100. The cryptocurrency market experienced over $400 million in liquidations, with the majority being long positions. Analyst Ali Martinez points out that Bitcoin is approaching a key historical support zone between $60,000 and $56,000. If this level holds, it could serve as a springboard for the next bull market. Meanwhile, the stock market declined, with the Dow Jones index falling 0.44%.
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