Crypto Market Corrects Amid Retail Selling Pressure

The cryptocurrency market has experienced a correction following last month's rally, with a 2% decline in market capitalization over the past 24 hours to $2.67 trillion.

Retail traders are taking profits or building short positions, while professional traders were subdued due to public holidays in the US and Canada.

The top gainers from last month's rally, such as Dash (-8%), Zcash (-5.4%), and Chainlink (-4%), are now under pressure, whereas Polkadot (+10%), VeChain (+6%), and Ethereum Classic (+5%) are leading the gains.

Bitcoin is experiencing a corrective pullback from its peak of $82.3K on Friday to $78.4K, hitting the same resistance level that halted its price rise in May.