Omo, big wahala don dey for Bitcoin matter as e don tumble go below $70,000! This palaver don dey show greeze since February 5, 2026, when e carry serious leg land as low as $69,821.18. Wetin happen? Investors don dey pull back from risk, and na im dey cause this current shake!
Make I gist you, Bitcoin don drop by nearly 8% this week alone, wahala compound as the year don dey begin with almost 20% lose already. E be like say wetin dey happen na because of the new Federal Reserve chair nomination wey dey give people serious palpitations. Analysts dey talk say the nomination fit cut down the Fed balance sheet, and we know say na when balance sheet dey full, crypto markets dey shine!
Even Ether wey suppose dey chill, don dey feel am too. E don drop close to 30% this year, as e currently dey trade around $2,090. E be like say all this fear wey dey move around don dey make crypto market wan collapse like last year wey dem crash!
Analysts from Deutsche Bank don talk say this decline no be small matter o. Dem say na massive withdrawals from institutional ETFs wey dey happen and e dey make many investors lose interest for digital assets. You fit imagine, U.S. spot bitcoin ETFs don dey see outflows of over $3 billion just in January alone! This behaviour dey signal that people dey japa from crypto; that pessimism don set for ground, my guy.
After Trump don win election for November 2024, Bitcoin skyrocket as e looked like say him go like crypto industry. But as e don nominate Kevin Warsh to take over Federal Reserve, e don create new tension wey dey make investors dey sell their crypto. Na im cause all the fresh hopelessness wey we dey see now.
Market speculation dey raise concerns about miners wey fit face liquidation if prices no fit rise again. Jefferies strategist, Mohit Kumar talk say ‘forced liquidations fit turn to disaster if prices continue to fall’ and na true talk. E no too dey good for market confidence!
For tech sector too, Bitcoin enter wahala as stocks dey sink, everybody dey lose faith in investment wey carry plenty risk. This kind market sentiment fit provoke more corrections, wey go dey pain investors wey don already dey suffer.
As we dey look ahead, crypto don dey pull people attention dey shift to safer investments, and e go be serious matter if this trend no change. Make we dey observe carefully because the way dis market dey waka fit affect many pockets, no be joke o!
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