Right now, the cryptocurrency marketplace is colored RED as the correction is setting in. Bitcoin lost around 10% of its price after touching the $8,000+ level the other way and is now steadying at $7,300+ for now. Other major altcoins followed the same trajectory as they also shed some of what they gained the past few days. Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.
Just another turn of events confirming how volatile bitcoin and the rest of its gang is...one day we are all excited as it passed the $8K level and then soon we saw the red spreading like a big wildfire. However, volatility is a two-edged sword...soon it is back on the game and on track to win over the $10,000 prize.
We already know how volatile the market is, it is already given and can happen anytime at any point of time, it's not really surprising, only newbies get surprised by this events, but everybody need not worry, there will be another rally and it will eventually come.