Crypto Slide: Bitcoin Dips Below $100 K as Altcoins Plunge

• Bitcoin dropping below the six-figure mark signals a loss of short-term confidence among traders. :contentReference[oaicite:1]{index=1}
• A broad pull-back in altcoins has accompanied the slide, reinforcing that this is not a Bitcoin-only event. :contentReference[oaicite:2]{index=2}
• High leverage in crypto futures has amplified the move — large liquidations are reported and risk-off sentiment is taking hold. :contentReference[oaicite:3]{index=3}

• A sustained move below $100 K could shift the narrative from “accelerating crypto boom” to “momentum paused”, which may reduce speculative capital.
• For emerging market investors (including Nigeria): cryptocurrencies are increasingly seen as correlated to global risk assets — meaning local investors feel the pain when global markets re-price.
• The correction may highlight structural risks in crypto — such as high leverage, thin liquidity and dependency on momentum rather than fundamentals.

• Will institutional accumulation continue even as price falls? Some data suggest yes, but it’s not enough yet to reassure traders.
• Does Bitcoin stabilize above key support levels (near $99K) or does another leg down unfold?
• How will altcoins react? Often when Bitcoin loses momentum, smaller coins suffer heavier losses — creating bigger opportunities and risks.