Bitcoin Price Drop to $115.7K Amid Geopolitical Wahala
Bitcoin price fall 1.54% to $115,676 afta fresh geopolitical palava after di Trump-Putin summit wey happen for Alaska. Di total crypto market cap drop nearly 2% to $3.86 trillion, wipe out recent gains as investor caution gats rise. Major altcoins dem follow the downtrend: Solana (SOL) carry lead loss with 5.64% drop, Cardano (ADA) fall more than 5%, XRP drop 4%, Dogecoin (DOGE) lose 4.13%, and Binance Coin (BNB) drop 3.04%. Ethereum (ETH) show some resilience, e just down 0.28%. Technical indicators dey signal say bearish momentum dey grow: Bitcoin RSI drop below neutral line and MACD chart show early sell signals. Mike Novogratz from Galaxy Digital warn say if BTC price reach hypothetical $1 million, e fit mean economic collapse, concern dey for institutional bubble. Traders suppose prepare for more volatility and dey cautious with their positioning amid market pullback.
Bearish
Renewed geopolitical tensions don trigger classic risk-off reaction: Bitcoin price fall by 1.54% and overall market cap drop by 2%, e dey mirror past pullbacks wey happen after major political events. Technical indicators dey reinforce di negative outlookâRSI dey below neutral and bearish MACD crossover dey usually lead to further downside. Warnings from institutional voices like Mike Novogratz about potential BTC bubble dey make traders dey skeptical. For short term, all dis factors point to continued selling pressure and high volatility. Long-term fundamentals still dey intact, but until geopolitical risks reduce and technical charts stabilize, di market position na clearly bearish and e need cautious risk management.