🚨 Crypto Market Correction: What's Happening? 🚨
The crypto market has entered a correction phase after weeks of strong gains. Bitcoin has fallen 6% to under $92,000 after nearing the $100K mark. and other major crypto are also down.
This correction comes after indicators like the RSI showed overbought conditions and the Fear & Greed Index signaled extreme greed. Profit-taking was expected after $BTC and some altcoins like $SOL set new all-time highs.
Despite the pullback, the market's broader trajectory remains promising. Bitcoin and Solana is still up over 30% for November and $XRP with Cardano are more than 140% up!
It's important to remember that corrections are part of the natural flow. Despite current setbacks, anticipated regulatory shifts, including a pro-crypto SEC chairman, could drive the market higher in the long term.