#MarketPullback : Crypto Market Correction Pressures BTC and Major Altcoins

On April 29, 2025, the crypto market experienced a significant pullback after several weeks of strong rallies. The price of Bitcoin (BTC) dropped by about 4%, while major altcoins like Ethereum (ETH), Solana (SOL), and BNB also recorded declines between 5%–8%.

The main cause of this pullback is profit-taking by large investors, ahead of a potential announcement of new monetary policy from The Fed. Concerns about interest rates remaining high have also prompted investors to be more cautious. Additionally, the latest inflation data from the US released this morning showed slightly higher figures than expected, reinforcing speculation that tight policies will continue.

Despite this, market analysts assess that this correction is healthy for maintaining medium-term market balance. Many see this as an opportunity to re-enter before the next upward phase.