Altcoin Market Posts Steepest Correction in Weeks Amid Profit-Taking

The crypto market cap has printed its first red weekly candle after four consecutive green ones. The bullish momentum appears to be losing steam, and the pullback has triggered liquidations for short-term traders. What triggered this week’s correction, and what does it mean going forward? Nearly $1 Billion Liquidated as Market Cap Falls in Final Week of July According to TradingView data, the overall crypto market cap dropped by 5% this week, from nearly $4 trillion to $3. 78 trillion source: https://beincrypto.com/altcoin-market-cap-sharp-correction-july/