Major Crypto Slumps: A Brief Correction Marks Market

The cryptocurrency market experienced a mild dip over the past 24 hours, with major cryptocurrencies falling slightly after recent gains. Bitcoin (BTC), which recently broke above $100,000, dropped 3.1% to settle at $101,797, possibly due to profit-taking by traders following the asset’s surge. Ethereum (ETH), which also enjoyed a strong rally in recent days, fell 5.7% to $3,331.22. While this decline could signal short-term market consolidation, Ethereum’s network activity remains stable. Other major cryptocurrencies like XRP, Dogecoin and Binance Coin (BNB) also saw moderate declines. 24-hour market movements indicate a cooling period after consecutive gains. Analysts suggest that this is a typical correction following strong rallies, and the overall market sentiment for digital assets remains cautiously optimistic.