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Crypto

Crypto Market Correction: Bitcoin Drops Amid Rising Oil Prices and Inflation Concerns

Guavy AI Editorial Team
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BTC
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The crypto market is experiencing another wave of selling pressure, with Bitcoin plummeting after failing to sustain its recent recovery. The BTC price has dropped from $78,500 in the past 24 hours to around $77,225.

Not only is Bitcoin under pressure, but other popular altcoins are also falling significantly due to selling pressure. The market capitalization has plunged by 1.55%, with total market capitalization down to $2.62 trillion.

The decline in the crypto market comes as investors grow more cautious across global financial markets. Rising oil prices, inflation concerns, and changing FED expectations are pushing investors towards a more defensive stance.

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