The cryptocurrency market is experiencing a minor pullback, with Bitcoin declining over 8% and briefly breaking below $70,000, while the altcoin index Total3 has also fallen over 5%. Analysts point to two main external factors: first, geopolitical tensions have driven the VIX fear index to around 25 points; second, the U.S. government extracted as much as $130 billion in liquidity from the market within three days. This sell-off wave began ahead of a mundane press conference held by Federal Reserve Chair Powell. Bitcoin appeared to be hit first, with other altcoins subsequently affected. Analysts believe that both of these potential issues could be temporary in nature, suggesting that this decline may only be short-lived.