Bitcoin was last seen trading at around $29.5K, down 5% for the day. This is mostly owing to the slightly more negative conditions of altcoins, as well as the apparent lack of or loss of enthusiasm in investing in cryptocurrencies from Asian retail markets. …Read the full story
Bitcoin traded just around $31K, moving up marginally from Friday but still inside its tight range. Other major cryptos were mainly in the green, with LINK and ADA among the biggest gainers, up 5% and 3%, respectively. …Read the full story
As purchasers remain on the sidelines, Bitcoin, the flagship cryptocurrency fell below $30K in the early hours of Saturday. Despite failing to breach the falling channel barrier at $2,000 on May 31, the leading altcoin, Ether, remains negative. With the exception of Axie Infinity, Chiliz, and Helium, all other major crypto tokens were trading at […]
The Nigerian stock market ended the week on a positive note, with the benchmark index’s year-to-date performance jumping to 19.24%, making the NGX one of the world’s best-performing markets. Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. …Read the full story
A liquidation cascade appears to have occurred at the same time as the crash. Even so, the road ahead is rocky, with pivotal economic data and global developments that might cause the central bank to rethink its approach. Despite the malaise, cash has been leaving the sector. Olumide Adesina is a financial market journalist that […]
Olumide Adesina is a financial market journalist that tracks, analyzes, and report changes in financial markets. …Read the full story
Olumide Adesina is a financial market journalist that tracks, analyzes, and report changes in financial markets. …Read the full story
Olumide Adesina is a financial market journalist that tracks, analyzes, and report changes in financial markets. …Read the full story
Bears are likely to aim for the Monday swing low of $38,536, which is an obvious target for investors still in the trade. Olumide Adesina is a financial market journalist that tracks, analyzes, and report changes in financial markets. …Read the full story
Data from Coin Glass reveals that in the last 24 hours, 79,710 traders worth $237.37 million, were liquidated as flagship cryptocurrency asset, Bitcoin fell below $40,000. The decline in the market is as a result of the strength seen in the dollar index, a measure of the strength of the United States dollar. …Read the […]
This month, the Indian government is taxing profits from the transfer of any virtual assets, such as Bitcoin. Nairametrics reported that the Indian government also plans to tax cryptocurrencies and NFTs as the country moves closer to recognizing cryptocurrencies as legal tender. …Read the full story
Olumide Adesina is a financial market journalist that tracks, analyzes, and report changes in financial markets. …Read the full story
Sjöberg, who is also a developer of a Bitcoin Lightning wallet, Blixt Wallet, believes that the Taproot upgrade allows exploring off-chain capabilities, so as to not put too much burden on the Bitcoin nodes of the network. Merging every contract and use-case under a single transaction type “Pay to Taproot” will in the long-run yield […]
The report also noted that May is the first month in which investment volume from institutional investors into Ether has outpaced that of Bitcoin. They are both decentralized tokens which means that they are not issued or regulated by a central bank or other authority and they both make use of the distributed ledger technology […]
With about two trading sessions left to the all-important Federal Reserve’s two-day meeting set to commence on Tuesday and Wednesday, amid surging U.S inflation in play, currency traders are currently anticipating that the narrative on tapering might take its course. Additionally, the crypto market also suffered immense selling pressure with the rising value in the […]