Massive Market Correction In The Cryptocurrency Industry

The ongoing cryptocurrency market price crash has discouraged a lot of new users in investing in digital assets.

Seasoned crypto traders reiterates that it is normal. The cryptocurrency industry is undergoing a mssive market correction.

But what is market correction?

A blog from Binance Academy states market correction is a sustained fall of at least 10% in the price of a digital asset from its most recent peak.

Market correction returns the cryptocurrency price from an abnormal surge to its long-term established trend.

Market correction results from different factors such as technical factors, market liquidity and circulation, headline news stories, shifts in regulations and policies and more.

Market correction always follows Bitcoin’s price movement which is the leading cryptocurrency based on market capitalization.

Users are advised to take preventive measures in dealing with crypto as the crypto market is very volatile.