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Ufff, I just saw the red wave in the cryptocurrency market today. The Nasdaq entered correction and everything dragged along with it. There is talk of a $17 trillion drop in the global market, quite significant, honestly.
Crypto-related stocks took the hardest hit. When the tech index moves like this, the cryptocurrency market follows the movement, which is what happens these days of volatility.
This isn't the first time we've seen these corrections, but it always hurts to see it live. The question now is whether this is a technical rebound or if more decline is coming in the cryptocurrency market. Some say it's an opportunity, others prefer to wait until everything stabilizes. What do you all think?