Bitcoin, the world’s largest crypto by market cap, has dropped 12 per cent to $24,138.
According to CoinMarketCap, the price of bitcoin stood at $24,063 on Monday at 11:00 GMT+1.
On June 6, bitcoin reached $31,371, the highest in the past month.
Other coins have fallen lower than expected — Ethereum (ETH) fell 15 per cent to $1,238, Shiba Inu (SHIB) dropped 12 per cent to $0.000007668, Dogecoin (DOGE) sold at $0.05561, and Solana (SOL) sold at $27.
The development also affected the cryptocurrency as the market cap dropped from $1.27 trillion to $975.71 billion in one month.
Although the crypto market is said to have been affected by the ongoing war in Ukraine, Nayib Bukele, president of El Salvador, had called for a meeting with 44 countries to discuss how digital currencies can aid financial inclusion.
El Salvador, a country in South America, was the first to adopt Bitcoin as legal tender.
Despite the move, the Central Bank of Nigeria (CBN) had warned and banned cryptocurrency transactions in the country. It also created the country’s own digital currency, eNaira. CONTINUE READING..
Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or report call/WhatsApp us on +2348072633727
Operatives of the Nigeria Police Force have rescued Mrs. Olaide Busayo Adegoke John-Paul and her…
THE Muslim community in Oyo State has rejected the Sharia-related demands allegedly issued by terrorists…
OSUN: The Obokun Local Government chapter of the All Progressives Congress (APC) has inaugurated no…
THE Osun State Police Command has arrested a 22-year-old man, Odetayo Adebayo Samuel of Ila…
THE Court of Appeal in Abuja has set aside key aspects of a Federal High…
News Update THE Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices at its…