Bitcoin, the world’s most popular crypto hit $41k in early Friday and then dropped back to $39k in only a matter of hours
Many had projected that the cryptocurrency would scale up this new year, but definitely not at this speed.
With the increase acceptance of BTC by most traditional institution, the crypto is experiencing a surge in investment
Bitcoin, the world’s most popular cryptocurrency is under huge buying pressure from investors across the world
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In the early hours of Friday, BTC traded at $41,220.86. It also had with a trading volume of $96.4 billion and was up by 10.69%.
Cryptocurrency investors are however conscious of the fact that volatility of the coin is subject to many changing factors.
Industry watchers have observed a few addresses owned by institutional investor amassing Bitcoin and these activities are rightly responsible for the skyrocketing valuation.
As at late Friday, Bitcoin value had dropped $39,996.02. Obviously the crypto would keep rising as it reacts to trading activities which look positive now than ever.
Meanwhile, we reported that Mrs Yemisi Edun has just been appointed as the acting Managing Director of First City Monument Bank (FCMB) after being an executive director on the bank’s board.
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