today-is-a-good-day
Home Digital Marketing Bitcoin Crashes Below $25,000

Bitcoin Crashes Below $25,000

0

Bitcoin, the world’s largest crypto by market cap, has slided 12 percent 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 percent to $1,238, Shiba Inu (SHIB) dropped 12 percent 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.

Advertisements

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.

Advertisements

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Exit mobile version