Macroeconomics
Bitcoin plunges below $88,000 amid crypto market crash
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On January 25, 2026, Bitcoin dropped below $88,000, triggering $135 million in long liquidations and contributing to a broader crypto market decline. The total market capitalization fell below $3 trillion after shedding $220 billion over the past week. Ethereum also tumbled to $2,800 as bearish patterns and macroeconomic risks weighed on investor sentiment.
The Nigeria Association of Macroeconomic Modellers has advocated for structural transformation models customized to the country's unique economic context. This call came during their fourth annual international hybrid conference at the University of Ibadan. Experts warned that relying on foreign frameworks hinders effective policymaking.