#MarketPullback Bitcoin falls below $58K and drags the rest of the market
The crypto market experienced a strong correction this week, with Bitcoin (BTC) dropping to $57,800, its lowest level since February, while Ethereum and altcoins reflected declines of 6–12%. The movement was driven by institutional sales, capital outflows in ETFs, and macroeconomic tensions.
Factors that influenced:
Inflation reports in the U.S. above expectations.
Net outflows of $250 million in Bitcoin ETFs in 48 hours.
Liquidations of over $500 million in leveraged positions.
Most affected tokens:
Solana (SOL): -11%
Avalanche (AVAX): -14%
Pepe (PEPE): -17%
Highlighted quote:
"The correction was inevitable after weeks of overbuying. In the long term, the bullish pattern continues." — Michaël van de Poppe, crypto analyst
