Crypto market update: Bitcoin's dip below $55k has sparked a wave of selling in the altcoin market. Ethereum, XRP, and Litecoin are all experiencing significant losses, with Ethereum dipping below $4k. Meanwhile, institutional investors are taking advantage of the dip to accumulate more assets, potentially setting the stage for a future price surge.

Crypto enthusiast and concert-goer. I trade and rock.

This dip could be a buying opportunity for institutions, but retail investors should be cautious and set stop-losses to minimize losses.