The cryptocurrency market is experiencing a significant correction, with many assets plummeting by 10-20% in the past 24 hours. This sudden drop is largely attributed to the collapse of Terra (LUNA) and its associated stablecoin UST, which has sent shockwaves throughout the crypto community. As a result, investors are scrambling to cut their losses and liquidate their positions, leading to a mass exodus from the market.

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Market volatility is a normal part of crypto's growth. This correction could be a buying opportunity for those with a long-term strategy.