The world’s flagship crypto, Bitcoin, is presently on a strong bullish run in regards to breaching another all-time high of $58,400 before pulling back around $ 57,800 as weekly gains of just 20%.
Investors are anxiously waiting for the legal outcome filed against Ripple, creators of XRP, as the digital asset, recorded decent gains amid recent price market correction prevailing at the crypto-verse
The prevailing high volatility at the crypto market led to heavy losses of crypto investors’ funds at the wrong side of the present trade, when roughly $1.6 billion worth of crypto positions evaporated into thin air within a day.
The number of investors owning at least 1,000 BTC is growing at a record pace. Data retrieved from Glassnode show that the number of addresses holding at least 1000 BTC has skyrocketed lately.
Nigerian Stocks ended the first trading session of the week on a bearish note. The All Share Index plunged by 0.23% to close at 41,082.38 index points as against the 0.52% gain recorded on Friday.
The amount of Ethers held on Crypto exchanges could go into extinction amid the high buying pressure seen in recent days.
Analysts at Swiss firm UBS are warning investors that popular cryptocurrencies like Bitcoins could lose their allure just like Myspace and Netscape did earlier on in the social media and browser revolutions respectively.