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>Posts tagged "Bitcoin"

Cryptocurrency prices were broadly higher on Monday as recent price falls across the market attracted bargain-hunting buyers.

The global cryptocurrency market was up over 8% over the last 24 hours, according to data provider CoinMarketCap.com. The market was led higher by bitcoin (BTC-USD), the world’s biggest crypto, which was up over 5% to $52,718 on Monday morning.

The rebound came after recent steep price declines last week. Cryptos sold-off in what some analysts called a “healthy” correction to the exuberance seen in the market since late last year.

Bitcoin hit its lowest levels since early March late on Sunday night, falling just below the $47,200 (£33,933) mark.

The seven-week low helped attract buyers back to the market who saw value at this level.

Bitcoin’s slump last week coincided with a broader market sell-off and its revival on Monday helped spark a turnaround across the crypto market.

Ethereum (ETH-USD) prices were surging on Monday. The world’s second biggest cryptocurrency was up over 10% to $2,454.25, just shy of all-time highs.

Ripple was also surging. The XRP (XRP-USD) token was 11% higher to $1.17.

While most of the market was rallying, Dogecoin (DOGE-USD) prices continued to retreat. The meme token was down 5.7% to trade at $0.26. Dogecoin had rallied strongly last week ahead of “Dogeday” — an online celebration of the joke cryptocurrency timed to coincide with marijuana holiday 4/20. Dogecoin followers had hoped to push the tokens price to $0.69 or $1 but fell short. Momentum has faded since then.

Cryptocurrency prices were broadly higher on Monday as recent price falls across the market attracted bargain-hunting buyers. The global cryptocurrency market was up over 8% over the last 24 hours, according to data provider CoinMarketCap.com. The market was led higher by bitcoin (BTC-USD), the world's biggest crypto, which was up over 5% to $52,718 on Monday morning. The rebound came after recent steep price declines last week. Cryptos sold-off in what some analysts called a "healthy" correction to the exuberance seen in the market since late last year. Bitcoin hit its lowest levels since early March late on Sunday night, falling just below

According to a recent report released by Google, Nigeria emerged the first amongst other countries around the world in Bitcoin searches on Google. The growth in cryptocurrency adoption in Nigeria is taking place despite the lack of recognition of cryptocurrencies as a legitimate medium of exchange by the Central Bank of Nigeria (CBN). The CBN has warned banks against using, holding or transacting in virtual currencies because they are largely untraceable and anonymous, making them susceptible to abuse by criminals. Unsurprisingly, a significant number of young Nigerians have started utilizing cryptos, in a bid to avoid the numerous challenges faced with the

New Release: The African Economic Congress 2020 Report.