In the context of cryptocurrencies, a “dip” generally refers to a temporary decline in the price of a particular cryptocurrency or the overall crypto market. This dip could be caused by a variety of factors such as negative news or events, a change in market sentiment, or even simply profit-taking by investors.
During a dip, the price of a cryptocurrency or the overall market may experience a sharp drop, which can create buying opportunities for traders and investors who believe in the long-term potential of the asset.