Can Bitcoin Price Reach $70,000 This Week As Ethereum, Solana Scream Buy?

The crypto markets have been swimming in a sea of red in the last few days after Bitcoin price crashed to the $66,000 zone. Investors are now scanning the markets for optimal re-entry positions ahead of the next upward move. Key market-moving events this week include the FOMC meeting on June 12 and the Producer Price Index (PPI) data release on June 13. Market analysts anticipate that Bitcoin will react sharply to these developments.