• Bitcoin’s price has slipped below the $21,000 level after a two-week run, causing the global crypto market’s total valuation to fall below the $1 trillion mark.
• This dip could be attributed to the US Department of Justice’s clampdown on Bitzlato, which was involved in money laundering activities.
• However, the crypto market has more positive news than negative, as recent policy decisions and inflation figures could help it get out of the ever-ending crypto winter.

The recent market dip of Bitcoin and other cryptocurrencies has caused a stir amongst the crypto investors and enthusiasts around the world. After a successful two-week run which saw Bitcoin rise almost 27%, the coin seems to have lost momentum in the last 24 hours and slipped below the $21,000 level. This has caused the global crypto market’s total valuation to once again fall below the $1 trillion level (at $996 billion).

The dip in prices has caused many investors to worry about their investments and predict a bull trap, which could bring huge losses to the investors who invested in the cryptocurrency in the past two weeks. However, this dip could be attributed to the US Department of Justice’s clampdown on Bitzlato, which was involved in money laundering activities. Moreover, the crypto market has more positive news than negative, as recent policy decisions and inflation figures could help it get out of the ever-ending crypto winter.

Recent reports of the Producer Price Index (PPI) have been beneficial to the crypto market, as the inflation figures have decreased significantly. This decrease in inflation, along with other positive policy decisions, could help the market to reach growth figures similar to post-2022. Moreover, the market is also being supported by the increasing institutional adoption of cryptocurrencies, which has caused many institutional investors to enter the crypto market.

Overall, it is too early to tell if the crypto market is headed for another bull run. However, the positive news in the market indicates that it has the potential to rise, provided that the market avoids any significant setbacks. It is thus important for investors to keep an eye on the market and make sure that their investments remain safe.