The cryptocurrency market has recently experienced a correction, mainly influenced by macroeconomic uncertainty, fluctuations in market sentiment, and policy factors. Below is a detailed analysis:

Reasons for the Correction

​​Macroeconomic Uncertainty​​: The global economic situation is unstable, such as adjustments to the Federal Reserve's monetary policy and geopolitical tensions, leading to a decrease in investors' risk appetite and a shift of funds from risky assets to safe-haven assets.

​​Market Sentiment Panic​​: The cryptocurrency market itself has high volatility and speculation, and fluctuations in investor sentiment can easily trigger drastic changes in market prices. Recent market panic has intensified, resulting in a price correction.

​​Policy Impact​​: Government regulatory policies regarding cryptocurrencies are still unclear, and some countries may implement restrictive measures, which undermines market confidence.