Cardano at the time of writing this report was trading at $1.047324, up 20.35% on the day.
SpaceX, a company founded by Elon Musk is exploring the merits of buying Bitcoin, according to MicroStrategy CEO, Michael Saylor.
Bitcoin at one point lost about $13,000 in value after dropping from its all-time high of $58,330.57 to $45,290.59 within the span of two days.
After October's $50 million purchase, Square has purchased another $170 million worth of bitcoin.
U.S Treasury Secretary Janet Yellen took sides with CBN, by warning investors and the public of the dangers of owning bitcoin.
Over $140 billion in value evaporated into thin air, as Bitcoin also lost as much as $7,000, according to data retrieved from Coin360.
High demand for Bitcoin by a growing number of Nigerians has led the unofficial crypto market to thrive.
