#MarketCorrectionBuyOrHODL
The cryptocurrency market experienced a sharp Recent dip in crypto exchanges with total market capitalization declining by over 7 percent! This sudden shift has left many investors questioning the causes behind the drop and whether more losses are on the horizon.
Many factors contributed to recent crypto market dip…
The recent market correction began during the late hours of New York trading on December 5, when Bitcoin (BTC) abruptly fell 5% within minutes, dropping below $93,000.
After reaching an all-time high of $104,000 earlier on December 5 on Coinbase, Bitcoin plummeted by 11.5% to a weekly low of $92,055 then it had rebounded above 100k.
Bitcoin’s sudden drop to $93K erased $303M in long positions within minutes!
The unexpected crash caused widespread panic among investors, triggering a sell-off across the crypto market.
Professional analysts noted that such corrections are not unusual, especially around milestone price levels, and crypto prices are still high compared to 30 days ago…
Stay patient and enjoy the ride.😎🐋