The crypto market is facing another wave of selling pressure, with Bitcoin plunging after failing to sustain its recent recovery. The BTC price is currently trading close to $77,000, down from $78,500 in the past 24 hours. Besides, all the other popular altcoins are also falling significantly due to selling pressure, as the market capitalization also plunges by 1.55%.Â
The decline comes as investors grow more cautious across global financial markets. With the crypto markets losing momentum near recent highs, traders are now assessing whether the move represents a short-term correction or the start of a deeper market downturn. So what’s driving the crypto market correction?Â
