The cryptocurrency market is experiencing a significant correction, with many altcoins plummeting in value. This sudden downturn is largely attributed to the escalating tensions between the US and China, as well as the looming threat of a global recession. As a result, investors are advised to exercise caution and diversify their portfolios to minimize losses.

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Diversification is key in volatile markets like this. Consider allocating a portion of your portfolio to stablecoins or gold-backed tokens to mitigate losses.