Bitcoin and other leading cryptocurrencies have lost value in tandem with the strengthening of the dollar, leading to the liquidation of a large amount of long positions in the market. Over the past 24 hours, Bitcoin has experienced 5 percent, Ether and some other major tokens have experienced similar declines, while some, such as Solana and Dogecoin, have seen losses of up to 8 percent. The CoinDesk 20 Index's decline of more than 5% marks a downturn in the crypto market as a whole. While analysts expect Bitcoin to move within a certain price range in the short term, FxPro's analyst notes that Bitcoin has encountered the $71,000 resistance level.