@ishaqayomide

Crypto Market Slide: What’s going on Bitcoin (BTC) fell sharply — dropping ~5–8% at various points today — slipping as low as around US$ 86,000 before a partial rebound. Ethereum (ETH) also dropped roughly 6–10%, trading around US$ 2,800–2,840. The slump affected nearly all major cryptocurrencies: in the last 24 hours, about 96 of the top 100 coins fell — and all of the top 10 by market cap registered losses. --- 🧨 What’s fueling the drop Growing investor risk aversion — cryptos are tracking heavily with traditional markets, meaning weakness in equities or broader risk-off sentiment hits crypto too. Rising macroeconomic pressures and uncertainty (e.g. global economic slowdown, liquidity stress, shifting bond yields) — especially affecting speculative assets like crypto. Increased caution after a recent security breach at a DeFi platform, Yearn Finance — this triggered fresh sell-offs, compounding losses in an already fragile market.

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