Bitcoin Is Trading at a Discount, Says Bloomberg Senior Analyst
Senior Bloomberg Analyst Mike McGlone has said that Bitcoin is currently trading at a massive discount and could become global digital collateral. According to Forbes, McGlone relied mostly on technical analysis of the 100-week moving average. In July, Bitcoin reached its lowest ever price vs the 100-week moving average. This is a sign that it is
P2P Crypto Trading in Nigeria Deals Blow to Naira
Nigeria’s Naira slumps as more citizens flock to crypto as a hedge against a weakening fiat currency. According to a bureau de change that tracks data in Lagos, the nation’s commercial hub, the country that operates multiple exchange rates has seen the naira drop to 670 per U.S. dollar. The Nigerian Central Bank tightly regulates
Ethereum Trading Volume Plunged More Than $1.6 Trillion in Second Quarter
Ethereum (ETH) trading volume in the second quarter of 2022 was lower than that of the second quarter of 2021. Ethereum continues to exchange hands below $2,000 due to an overall sinking crypto market. Investor interest in the second-largest cryptocurrency by market value waned in the second quarter of the year, according to Be[In]Crypto
Bitcoin Trading in a Range Below USD 21,500, Ethereum Consolidating Gains, XRP Rallies
Bitcoin price could gain pace above the USD 21,000 level.Ethereum bulls might aim at USD 1,250; XRP is gaining pace above USD 0.35.AVAX and MATIC are showing signs of more upsides.Bitcoin price remained stable and settled above the USD 20,500 support. BTC is currently (11:38 UTC) attempting a clear move above the USD
Crypto Trading Volumes on Indian Exchanges Drop 15%–55% After New Tax Law
Cryptocurrency exchanges in India have seen trading volumes drop between 15% and 55% since the new tax law came into effect on April 1. Analysts also believe that liquidity could be affected as a 1% tax deducted at source law comes into effect from July 1. Reports are emerging that cryptocurrency exchanges in India
Crypto Trading Volumes in Ukraine, Russia Fall After the Early War Spike
Source: Twitter/@IAPonomarenkoCrypto trading volumes using Ukrainian hryvnia (UAH) as the fiat currency have fallen to nearly their normal levels, despite banking restrictions in Ukraine making fiat transactions in the region increasingly difficult. From Russia, however, crypto trades using the Russian ruble (RUB) still remained well above their normal levels on the crypto exchange