Market Correction
Fidelity macro director Jurien Timmer called the sell-off in speculative assets — including Bitcoin — "probably a good thing," framing the crash as a corrective event. His comment highlights a view that painful declines could remove excesses from markets even as they pressure prices.
Global crypto market cap slipped to a six-month low near $3.27 trillion as Bitcoin and Ethereum retreat sharply — BTC is down about 23% and ETH about 36% from their all-time highs. The move has triggered widespread selling across altcoins.
CoinStats reports a market-wide correction on Nov. 13 that has put selling pressure on SHIB, driving short-term weakness and higher volatility. Traders are advised to watch macro cues and Bitcoin’s direction for signs of stabilization.
Bitcoin's price has fallen below the $110,000 mark, currently trading at $107,277 following a slight market correction. This dip reflects a 0.365% decrease from the previous close, with intraday prices fluctuating between $106,828 and $108,774.
Ethereum's price dipped slightly to $2,426.77, reflecting a 0.94% decrease amid an intraday range between $2,460.57 and $2,391.62. This signals a market correction phase.