The crypto correction that everyone has been waiting for has finally kicked in today. Markets are a sea of red and Bitcoin tumbles ten percent and altcoins get hammered. The move is not entirely bearish however and will present new support zones and entry levels for traders and investors.
Bitcoin and crypto markets have been on fire in May. Since the beginning of the month markets have surged over 50 percent to reach a ten month high of $264 billion. This epic rally has been largely driven by Bitcoin which has dominated markets as it surged above $8,000 when most expected it to stop at $6,000.