The crypto market is dipping for three main reasons:

- Tech sell-off fears: After the hype around DeepSeek, there's concern about a tech market drop. Crypto, being riskier, is reacting earlier since traditional markets are closed.
- Pre-FOMC caution: Investors often reduce risk before Federal Reserve meetings, especially when interest rates, the U.S. dollar, and liquidity are major concerns.
- Uncertainty in leadership: There's no clear short-term direction or confidence boost, similar to the uncertainty seen after Trump's inauguration.