Crypto Market Correction: Profit-Taking Spurs Volatility

The cryptocurrency market saw a notable dip following an impressive surge at the start of the week, with traders triggering profit-taking maneuvers. Prices dropped as much as 5%, and popular memecoins like Dogecoin were particularly affected. Bitcoin managed to maintain stability around $93,000, but this drop reflects broader market adjustments. The increase in institutional interest is notable, with U.S. Bitcoin ETFs recording an inflow of $916 million on Wednesday, signaling a growing trend toward risk mitigation and longer-term investment strategies. This influx into Bitcoin ETFs suggests the asset’s position as a