Crypto Market Don Lost $280B; XRP Fall Comot to Fourth Behind USDT
Crypto market don suffer big yawa dis week, as dem wipe over $280 billion from total market cap because plenty pipo dey sell and wahala dey increase. Bitcoin na e lead downfall, drop pass key support levels, while altcoins dem suffer heavier lose. Stablecoins come dey popular as traders dey find safe place, make USDT market cap pass XRP, push XRP go fourth place for first time. Dis change show sey demand for liquidity dey rise and pipo dey run go safety inside crypto market. Market analysts dey warn sey dis bearish momentum fit continue small time, but some see am as healthy way to regroup before future better times.
Bearish
Di sharp drop wey happen for total crypto market worth for 280 billion dollar and how XRP drop behind USDT dey show say na bearish cycle dey because people no wan take risk again. Ebefor, big corrections dem like for May 2021 cause plenty wahala for market and make people run go stablecoins, dis week pattern too na like dat. For short term, traders fit still dey careful, so demand go rise for USDT and other stablecoins, while dem go dey sell volatile assets. But before, when market calm down, e usually start to go up again when people begin believe market. People wey dey invest for long term fit see this weakness now as chance to buy before better days.