With the recent cryptocurrency market correction sending Bitcoin, Ethereum, XRP, Solana, Avalanche, and most major crypto assets into free fall, many traders wonder when the cryptocurrency price will recover? While it’s still too early to tell, let’s take a closer look at the current market situation and potential outcomes for the short term. What’s Causing This Week’s Market Correction? As mentioned in our cryptocurrency market analysis article yesterday, the primary reason for the markets’ recent crash is due to the Fed’s increase in interest rates. An increase in interest rates means it’s more worthwhile to save money, causing a bearish
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