The First Correction in the Market

After the recent surge for Bitcoin and other cryptos, the upcoming correction came for the entire market.

Today, Bitcoin was traded around $65,000, around 10 % lower from previous week. This action was made as many investors took profit-taking actions and liquidated their positions from the portfolios.

But there is a second view in the market situation, which is much more fundamental. FED announced that in the next months, more interest rates reduction will be effective in the market.

This means that the majority of assets will reduce their returns, making cryptos more and more lucrative to investors, that prefer risk over safety.

The drop affected the crypto-related stocks like Microstrategy and Coinbase.

The correction is expected to last as a new inflow of capital will enter the market through ETFs and new institutional investors that believe in further surge…..

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