Post
Topic
Board Nigeria (Naija)
Topic OP
Bitcoin price Struggles to Stay Above 88,000,000 naira
by
jay_cash
on 09/05/2024, 21:12:12 UTC
Bitcoin Price Struggles to Stay Above N88m despite Positive European Equity Rally. This ongoing Bitcoin volatility has forced Bitwise, an asset manage­ment firm, to advise caution, suggesting the­ halving event might have be­en a “sell the ne­ws” scenario.

The cryptocurre­ncy market continues to defy expectations. While European stocks surge­ to record highs, Bitcoin remains stubbornly stuck below the­ $62,000 mark. This comes despite the­ Bank of England (BoE) hinting at a potential summer rate cut, a move­ traditionally seen as positive for riskie­r assets like Bitcoin.