The Nigerian Security and Exchange Commission (SEC) has said that many Nigerian youths are embracing cryptocurrencies because of the secretive nature of the transactions.
Bitcoin the primary crypto asset dropped by 3.5% on Friday morning to $64,700 as volatility shook the asset following a humungous sell-off of Bitcoin assets by the German government.
Top Memecoins in the crypto industry are facing a significant drop in price following the general market meltdown in the crypto space at the moment.
Brett coin shines in the Crypto market as total market cap of Meme coins hit $70 billion follwing memecoin bull run
The crypto market turned green as Bitcoin rebounded strongly on Saturday morning sparking hopes that the worst of the meltdown might be over
The crypto market went sore late Saturday after Iran propelled a wave of rambles at Israel, checking an early sign of the turmoil that seems to hit markets as financial specialists begin to cost within the danger of a broader Center East war.
Cryptocurrency is gaining immense traction across the globe further triggered by Bitcoin recently hitting its all-time high.
The crypto market starts the year mostly coloured in green amid high buying pressures.
The Naira maintained its stability in the crypto market despite the $4.3 million settlement with U.S authorities as it traded within the N1120- 1150 bandwidth against the dollar on Binance.
Bitcoin inflows have experienced a significant surge, marking a potential turning point in the digital asset market and Exchange-Traded Fund (ETF) sector.
Bitcoin remains rangebound and has now traded in the $27,000s for three consecutive Tuesdays.
Bitcoin is trading below $20,000 for the first time in nearly two months, following the collapse of Silvergate Bank and Silicon Valley Bank.
