Is the Cryptocurrency Market Correction Over?

The Bitcoin market has experienced its second major correction since breaking through the historical high of $20,000. This week, we will review market and on-chain indicators to analyze data related to this correction. Bitcoin Market Overview This week, the Bitcoin market began its second significant correction after breaking through the historical high of $20,000. The week opened with a high of $57,539, then trended toward an intraday low of $43,343, representing a 25% correction. Prices in many markets became volatile this week, primarily influenced by the rapid rise in US 10-year Treasury bond yields.