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Sure! Here’s a brief summary of a recent article on Binance about market corrections:
The cryptocurrency market is known for its volatility, and market corrections are a common occurrence. A market correction happens when an asset’s price drops significantly in a short period, realigning the forces of demand and supply. For example, Bitcoin’s price dropped sharply after reaching an all-time high of $64,800 in April 2021, leading to a market correction that affected the entire crypto market1.
If you want to read more, you can check out the full article on Binance’s blog here.
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