On Thursday, October 11, Bitcoin and the overall cryptocurrency market plunged heavily wiping-off over $16 billion in short time. The Bitcoin price correction was a big surprise to investors as several analysts predicted it to surge northwards after consolidating for the last few weeks. Bitcoin price dropped by nearly 5% on Thursday with other top-ten altcoins posting a double-digit correction.
However, the surprising thing was that the cryptocurrency market correction followed the global stocks indices plummeting the previous day. On Wednesday, stock indices like Dow Jones, S&P 500 and Nasdaq entered heavy
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