**Crypto Market Pluges into Correction Territory**✨✨
The crypto market suffered a decline on Friday, with (COIN), (GLXY), and (GEMI) experiencing a decline of 7-9% as the US market slipped. Bitcoin-related stocks such as Strategy (MSTR) and Twenty One Capital (XXI) also experienced a decline of 6%.
**$17 Trillion Market Wipeout**
The decline in the crypto market has wiped out $17 trillion in market value in the form of tech stocks, precious metals, and bitcoin. Bitcoin is down by 45% from its October 2025 high of $126,000. Precious metals such as gold and silver have also declined by 20% and 45%, respectively.
**Fed Faces Complicated Backdrop**
The Federal Reserve is currently in a complicated situation as the market is experiencing high levels of inflation and a deteriorating labor market. Richmond Fed President Tom Barkin stated that the rise in gas prices might affect the spending of consumers.
**Market Trends**
The Nasdaq 100 index has slipped into correction territory and is trading 10% lower compared to its high in January. The S&P 500 has also slipped by 8.5%
#Crypto #MarketCorrection #Bitcoin
