Analysts: The crypto market slump yesterday was a short-term factor, and long-term fundamentals were unaffected
2025-10-11 22:20:07
The crypto market plunged yesterday, triggering a one-day record high of about $20 billion. Analysts at Kobeissi Letter pointed out that the plunge was a technical correction and did not represent a deterioration in long-term fundamentals. Prices could still be volatile in the short term, but after purging leveraged traders, the market could build momentum for the next rally.
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