Bitcoin has fallen below the $70,000 mark after failing to surpass its all-time high price of $73,750. This decline has also been mirrored by Ether and other altcoins, which are similarly underperforming. The market's inability to break through key resistance levels indicates a potential bearish trend.

Investors are increasingly concerned about the sustainability of the current market conditions. The lack of upward momentum and the broader underperformance of major cryptocurrencies suggest that the market may face continued downward pressure in the near term.