In recent weeks, the global cryptocurrency market has entered a dramatic correction. Data show that over $1 trillion has been wiped off the value of more than 18,500 coins in roughly six weeks — a drop of about 25% since early October, according to CoinGecko. The Guardian+2Styletech+2
Several forces are converging to trigger this downturn. Rising interest-rate expectations, fading hopes for a near-term US rate cut, and growing fears of a tech-driven bubble have all knocked investor confidence. The Guardian+1
For the average crypto investor, this means increased risk — but also potential opportunity. The correction may be clearing speculative froth, setting the stage for projects with stronger fundamentals. However, the environment remains volatile: many coins are highly sensitive to macroeconomic swings and regulatory moves.
From a broader perspective, the crypto setback may signal a shift in how digital assets are viewed: from fast-moving speculative vehicles toward more mature infrastructure plays or utility tokens. Whether the market can stabilise and return to long-term growth remains uncertain.