#CPIWatch The cryptocurrency market faces a broad downturn on Tuesday as traders secure profits after a strong rally last week.

Nearly 500 million dollars in leveraged positions were liquidated in the cryptocurrency markets in the last 24 hours, of which 78% were long positions.

Major cryptocurrencies like $ETH , $SOL , XRP, and ADA, along with meme coins DOGE and SHIB, are following the overall market decline.

Bitcoin and major altcoins are facing a correction during the European session on Tuesday, with $BTC dropping 2% and reaching a low of $116,250 after hitting an all-time high of $123,218 the previous day.

Recommendation, Stay calm and wait for things to settle down a bit. Keep a cool head and have nerves of steel.