Bitcoin hovers near $69,700 as market volume shrinks to $111 billion. What experts say

Bitcoin saw a dip to $69,700 with trading volumes dropping significantly. Major cryptocurrencies like Bitcoin and Ethereum fell up to 2 percent. Other altcoins experienced over 6 percent declines. The global crypto market capitalization also decreased. Experts note Bitcoin is consolidating around $70,000, with institutional investors buying the dip.