Correction

In the context of stock trading and cryptocurrency investing, a “correction” is an occurrence that indicates that the market or a specific asset has recently experienced a significant drop in price from a previously higher price. In most cases, the process results in the price returning to a more stable level over time. Corrections are frequently followed by a price recovery and a continuation of the uptrend, but they can also indicate a prolonged long-term market downturn known as a bear market.