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Market Bleeding Again
This morning, the crypto market is once again dominated by red. Several major assets have corrected quite significantly:
Bitcoin (BTC) dropped around -2.5% to the 65K area
Ethereum (ETH) weakened nearly -5%
Solana (SOL) corrected more than -5%
XRP also under pressure, down below -3%
Altcoins appear to be more severely affected, with some plunging into double digits. This indicates that selling pressure remains strong and market sentiment is leaning risk-off.
However, amid the crypto weakness, gold-based assets are showing strength:
PAX Gold (PAXG) increased +1.4%
Tether Gold (XAUT) rose +1.5%
What does this mean? When the crypto market is shaky, investors start to turn to hedging assets.
Brief conclusion:
The market is in a correction phase. Liquidity is tightening, volatility is high. This is not the time for FOMO, but the time for risk management.
Because in crypto, those who endure the storm are usually the ones who enjoy clear skies afterward.
#BuyTheDipOrWaitNow?