The global cryptocurrency market has recorded a notable downturn over the last three trading sessions amid persistent macroeconomic headwinds and weakening risk sentiment.
Bitcoin (BTC) and Ethereum (ETH), the two largest digital assets by market capitalization, have both posted losses, reversing part of their recent gains.
Market Performance
Bitcoin is trading around US$85,157, a 7.3% decline in the last 24 hours. Ethereum is currently valued near US$2,811 after losing approximately 8.9% over the same period.
Live market indicators show Bitcoin hovering around US$85,500, maintaining a negative bias as selling pressure persists across major exchanges.
The downturn extends a broader correction pattern as traders continue to reduce exposure to speculative assets in response to heightened global uncertainty.
Market Drivers
The pullback is closely linked to tightening liquidity conditions, cautious institutional positioning and the breakdown of key technical support levels.
Bitcoin’s recent dip to multi-month lows further reinforces a bearish short-term structure.
Despite sustained retail engagement and strong online attention toward trending tokens, capital inflows have not matched selling momentum.
Persistent concerns around interest-rate direction, regulatory developments and economic growth forecasts are weighing on overall sentiment.
Regional Investor Considerations
For investors and traders in Nigeria and West Africa, the current correction highlights elevated risks tied to:
• Exchange rate volatility associated with the naira
• Liquidity limitations across local crypto platforms
• Regulatory uncertainty affecting capital allocation decisions
Short-term market participants may favour defensive positioning, while long-term investors reassess valuation levels and entry timing given the shifting market landscape.
Forward View
The ability of Bitcoin to recover the US$90,000–US$100,000 range and for Ethereum to stabilise above approximately US$3,000 remains central to market direction.
In the absence of supportive macro catalysts or regulatory clarity, the market is expected to retain a high volatility profile in the near term.
The price declines recorded over the past three days confirm renewed downside pressure across the broader crypto ecosystem.
Bitcoin and Ethereum continue to dictate overall market performance, and further weakness cannot be ruled out under current economic conditions.
Investors are expected to remain cautious and closely monitor liquidity and currency exposure as volatility persists.