Altcoins Dem Fall as ETH Fall 5% and Bitcoin Hit Five-Day Low
Bitcoin dey continue dia recent sell-off reach five-day low near $117,000 afta e sharply change direction from e all-time high of $124,500. Dis kind pullback follow hotter-than-expected US PPI data and momentum wey stall for di Trump-Putin summit. Bitcoin market cap reduce to $2.34 trillion and im dominance dey hover round 58%. Ethereum lead di altcoin gbege with 5% drop below $4,500, wey undo dia rally wey dey push reach 2021 peak near $4,800. Big altcoins SOL, LINK, AVAX, SUI and HYPE fall 3–7%. Total crypto market cap comot $80 billion overnight, slip go $4.05 trillion. MNT no follow di gbege, e comot more than 10% gain reach $1.20.
Bearish
Di sharp fall wey happen for both Bitcoin and Ethereum mean say market sentiment don turn bearish. Bitcoin no fit hold for gains wey pass $124,000, then e sharply drop after US PPI data show say some people dey take profit and dem dey very sensitive to big economic signs. Ethereum 5% correction from near all-time highs cause other altcoins sell-off, big ones come down 3–7%. For history, when this kind synchronized drop happen—especially after near ATH rally—e fit make short-term losses last longer as traders dey lock their profits. Unless new things happen, market fit still dey under pressure short term, but long-term bullish trends still dey if macro data normalize.