Correction is a term used to describe a temporary price drop in the crypto market after a period of significant price increases.

Correction is a term that refers to a drop in the price of a crypto asset that occurs after a period of considerable price increases. This is a normal phenomenon in the crypto market and is considered part of the price movement cycle.

Price corrections can be caused by several factors, such as profit-taking by investors, changing market sentiment, or other fundamental factors that affect the demand and supply of the crypto asset.

In the context of the crypto market, a price correction is often seen as an opportunity for investors to buy crypto assets at a lower price before the price goes back up. However, it's important to remember that not all corrections end in a price rebound, and it's possible that prices will continue to decline further.

The magnitude of price corrections can vary from a few per cent to tens of per cent, depending on market volatility and the strength of the previous trend.