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A painful crypto correction or the end of the rally?
The crypto market has turned red. On the second day of the week, digital currencies moved into a massive correction. Hardly anyone was surprised by the sell-off after such impressive growth; nevertheless, it is always much harder to accept the decrease than to enjoy the growth and predict new highs. As Bitcoin approached $60K, it was expected to decline. Technical indicators, over-the-top hype, and speculations were clearly pointing to an impending drop. The benchmark cryptocurrency has lost 11% in 24 hours and is trading around $49K, having recovered slightly from its plunge to $45K. However, there is a high ... (full story)