Definition ∞ An altcoin correction is a market phase where alternative cryptocurrencies experience a notable price decline. This adjustment typically represents a recalibration of valuations rather than a complete market collapse. Such corrections often occur as investors re-evaluate asset fundamentals or shift capital towards other opportunities. These periods are a natural component of volatile digital asset markets.
Context ∞ Understanding altcoin corrections is vital for interpreting market reports, as they signal shifts in investor disposition and asset health. News often covers these events, analyzing their causes, such as profit-taking or macroeconomic factors, and their potential duration. The market response to such corrections frequently determines subsequent trends for a wide array of digital assets.
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