I just saw Bitcoin at $70,000, then it dropped back down to $68,300.

This is already the strongest attempt since February to reclaim this level – but it just wasn't enough.
What was interesting, however, was what was happening below: Ether, Solana, Cardano, and Dogecoin significantly outperformed Bitcoin.
It looks like a classic rotation where traders take on more risk and rotate into higher beta tokens.

The whole thing was slowed down by Nvidia's quarterly results.
The numbers were good, but the market didn't push it higher – actually the opposite.
The most valuable company is signaling concerns about an overheated AI economy, and that has slowed the tech rally again.
Cryptocurrencies are suffering because capital is flowing into defensive assets.

The macroeconomic environment remains fragile.
Stablecoin supply is stagnating, which, according to analysts, is a real obstacle for Bitcoin.
And if we break below $60,000, it could quickly head toward $50,000 to $55,000 – or even lower if liquidations cascade.
In the short term, it looks stabilized, but in the medium term, uncertainty remains high.