We witnessed a noticeable development in the cryptocurrency market in the last hours, the most significant of which was the sudden drop in the price of $BTC.
This decline came as a result of a set of factors, the most prominent of which was the release of U.S. economic data indicating rising inflation, prompting investors to reduce their exposure to high-risk assets.
Additionally, short-term interest rates have risen, raising concerns about liquidity decline in the markets.
The movement of large wallets (whales) also contributed to the price pressure through massive sell-offs, which increased the selling momentum on the BTC/USDC pair.
However, such corrections are considered normal and ideal opportunities for smart traders to enter at better price levels.
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