As Bitcoin trades around the $78,000 range, it seems the entire cryptocurrency market has entered a correction phase. Looking at today’s market, BTC is down 0.48% over the past 24 hours, and Ethereum is down 1.86%, trading at $2.31K. It’s no surprise that the question “why is crypto dropping today” comes up so often.

When you look at the technical charts, Bitcoin’s resistance in the $70,000 range remains strong. The RSI indicator is around 46, meaning it hasn’t fully recovered yet from being oversold. Ethereum is in a similar situation: it has repeatedly tested the area around $2,000 but hasn’t been able to break through above it. Since market-wide momentum remains weak, it’s hard to expect a major rebound.

BNB, XRP, Solana, and others are also declining at the same pace, which feels like a market-wide adjustment dragged down by the moves of Bitcoin and Ethereum. Just when the market was trying to recover from the sharp drop in February, pressure has increased again. Among traders, attention is on whether Bitcoin can hold the support in the $60,000 range and whether Ethereum can reclaim $2,000. In the short term, a consolidation phase is likely to continue, but how far prices will fall will depend on the next support levels.