Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Bitcoin on a rampage, up 8%, rises above $41.5K

Bitcoin trading at $41.5K and had a daily trading volume of $32.6 billion.

Olumide Adesina by Olumide Adesina
March 9, 2022
in Cryptos
Bitcoin on a rampage, up 8%, rises above $41.5K
Share on FacebookShare on TwitterShare on Linkedin

While investors nervously awaited the next turn in Ukraine and a crypto executive order by U.S. President, Joe Biden, Bitcoin and many altcoins rose significantly midweek.

In the wake of the worst stock market collapse in years, risk appetite returned to Bitcoin as prices surged on the day.

  • At the time of writing, the flagship cryptocurrency was trading at $41.5K and had a daily trading volume of $32.6 billion.
  • It has a market value of $787 billion. Bitcoin remains the world’s most valuable crypto.
  • The Bitcoin price is forming a trading range and could trade between $35K and $45K in the coming weeks.
  • There are 18,978,181 circulating BTC coins, and there are 21,000,000 BTC coins in the maximum supply.

According to United States secretary of the treasury, Janet Yellen, federal regulators need to ensure that crypto executive orders encourage responsible innovation without creating significant risks to consumers or the broader financial system.

RelatedPosts

KPMG makes Metaverse entry as it invests $30 Million in Web3 employee training

Tether’s CTO addresses concerns surrounding short positions on USDT

It will address the significant benefits that the innovation could bring, as well as risks related to illicit finance, as well as protect consumers and investors and prevent threats to the financial sector and the broader economy, Yellen said in her statement.

Price action

  • A support point appears to have finally been found for around the $40K price level after it fell to a one-week low below $38K on Sunday.
  • Buying yesterday’s drop by bulls, once the price found a sustainable floor, explains the rise in price.
  • In the event the price does not stay above $40k, we go to support. A support of $34-$36k and resistance of $43-$45k.
  • Bitcoin’s fundamentals remain sound, but many active traders are not trading the crypto market as much as they are trading a few commodities supercycles.

Related

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Crypto adoption in Africa gets a boost with Mara wallet
    • Former President Jonathan explains why he did not embark on constitutional reforms
    • NAICOM revokes operational licenses of Niger Insurance, Standard Alliance Insurance

    Follow us on social media:

    Recent News

    Crypto adoption in Africa gets a boost with Mara wallet

    Crypto adoption in Africa gets a boost with Mara wallet

    June 28, 2022
    Former President Jonathan explains why he did not embark on constitutional reforms

    Former President Jonathan explains why he did not embark on constitutional reforms

    June 28, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com