ETH dropping almost 14%, the altcoins took an even bigger hit.

 





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After a range-bound movement lasting a few weeks, the new year began with the bears gaining an upper hand.

We saw a massive selloff across the cryptocurrency spectrum.
The largest cryptocurrency by market capitalisation, Bitcoin, hovered around the $42,000 mark, ending the week with a 12% decline.
With ETH dropping almost 14%, the altcoins took an even bigger hit. Solana, which is usually touted as Ethereum’s closest competitor, dropped almost 20%. .
Market corrections are always the best time to go big on sectors that we believe would do well like web 3.0.
Inspite of Web3 remained the sector that closed the week in green after gaining a 3.47% increase, always consider that anything can happen in the market and you want to only invest the money that you are willing to lose

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