Bitcoin Dips Close to $74,000 Amid Thin Market Liquidity

Bitcoin's price dips near $74,000 as traders navigate a tough market influenced by Chinese factory growth and strong dollar dynamics.

Bitcoin experienced a temporary decline, approaching the $74,000 mark, as market liquidity remains thin, leaving traders feeling cautious.

The recent uptick in the cryptocurrency's value coincided with the release of factory data from China, which indicated only modest growth. This backdrop provided some support for Bitcoin, despite ongoing pressures from a robust dollar and shallow trading volumes that are hindering significant price advancements.