Crypto Market Plummets: Is This Correction a Precursor to a Major Recovery?

Recent weeks have witnessed a significant decline in the cryptocurrency market, prompting questions about its future trajectory. While the tech-heavy Nasdaq recovered from Thursday’s pullback, digital asset traders seem hesitant to take risks. Bitcoin dropped below $85,000 and Ethereum fell below $3,000, wiping out nearly half a trillion dollars from the crypto market in just weeks. The decline mirrors historic patterns, with similar sell-offs leading to a rapid rebound.