Elemu de sibe! For the cryptocurrency world, things don dey shake like jollof rice pot wey don burn. As dem dey trade for Asia Friday, Bitcoin don drop below $87,000 – first time wey e go see that level since April. Na wah, e no easy for dem!
As market don dey struggle find new buyers, na so e go touch ground wey less than $86,000, marking another heavy beat for crypto lovers. E be like say all the momentum wey dey carry am earlier this year don waka comot, leaving us to wonder wetin go happen next.
People wey sabi matter, like James Butterfill wey be head of research for CoinShares, talk say crypto dey suffer heavy wahala from those wey dem dey call ‘whales’. Dem don sell plenty Bitcoin, over $20 billion since September! (Dem no wan cash out, dem just dey shake table).
And if you think say other markets dey shine, abeg look well – stocks don sharply drop too after good news wey follow AI companies like Nvidia. Na so volatility dey waka go and come, no too sweet for anyone wey dey invest right now.
Now, options traders dey eye the $85,000 mark, dem dey find how to protect their own before things really jam. Because as e dey be now, the market fit just turn like wahala package if e just get small nudge.
But no be only bad news dey for the crypto side. Some analysts dey talk say e get hope. Like Robert Le, wey head research for Kiln, he say Bitcoin fit still make big moves, especially since the crypto world dey move into new phase with ETF and sovereign buyers coming onboard.
So, my people, as you dey sip your palm wine, just know say crypto market dey plan wahala, but e still dey have hope for those wey fit hold their nerve. This na a recalibration of the market, no be end of the road. E fit still bounce back, but everybody gatz dey watch their back. Make I hear your thoughts!
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