Alexey
@korolek
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Cryptocurrency Market Experiences Major Correction**London - The cryptocurrency market has undergone a significant correction in recent days, with major coins experiencing double-digit losses. Bitcoin, the largest cryptocurrency by market cap, has fallen over 20% in the past 24 hours, trading below $40,000. Ethereum, the second-largest coin, has also lost over 20%, dropping below $3,000. Analysts attribute the correction to a number of factors, including concerns over rising inflation, regulatory uncertainty, and geopolitical tensions. The correction has also been exacerbated by leveraged positions and liquidations on exchanges. "The market is currently in a state of panic selling," said analyst James Wang. "Investors are worried about the long-term outlook for cryptocurrencies, and they are rushing to sell their holdings." It is unclear when the correction will end, but analysts believe that the market could stabilize in the coming days. However, they caution that the volatility could continue for some time. 0 reply
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