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    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

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    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

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    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

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    Russia Economy contracts by 2.1% in 2022, far below western predictions

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    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

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    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Breaking: NNPC stations selling fuel above ₦500 in Port Harcourt and other cities

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Senate Amends ICPC Act – Writers of false petitions to get two years jail term

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Obi’s counsel tenders Tinubu’s drug-related document before Tribunal, calls first witness

    Fubara retains four commissioners under Wike’s govt

    Fubara retains four commissioners under Wike’s govt

    NNPC says no plan to increase petrol price in March

    Shettima, House of Reps, NNPCL back Tinubu’s removal of fuel subsidy

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Court upholds FG’s ‘No Work No Pay’ policy in suit against ASUU

    Davido says his performance at Alex Otti’s inauguration was for free

    Davido says his performance at Alex Otti’s inauguration was for free

    BREAKING: Russia suspends participation in last remaining nuclear treaty with U.S.

    Ukraine strikes Moscow with eight drones, Russia confirms

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

    Filling Stations shutdown, hike fuel prices, queues return over subsidy

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    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

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    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

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    The NGX- ASI Increased By 0.36% as NB rises 9.97%

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    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

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    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

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    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

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    Caverton posts N566.05mn profit for Q1 2023

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    Seplat Energy announces US3 cents interim dividend for Q1 2023

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    Tengen Holdings acquires 220mn shares of Access Holdings Plc

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    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

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    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

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Home Markets Cryptocurrencies

Bitcoin falls below $20,000, Ethereum less than $1,000 as selloff continues

Saturday, 18 June 2022, 3:51 pm
in Cryptocurrencies, Markets
0
Current Cryptocurrencies are destined to fail long term – Bank of England Governor
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The price of Bitcoin, world’s most popular crytocurrency fell below $20,000 on Saturday for the first time since December 2020 as selloff continues amid signs of deepening stress in the crypto industry. Ethereum also fell below $1,000.

Bitcoin fell as low as $18,789.6 on Saturday according to Investing.com, losing 72.76% or $50 from its high of $68,990.6 in November 2021.

Year-to-date Bitcoin has lost 59% of its value while Ethereum backed ether is down 73%.

At the time of writing this report Bitcoin has recovered above $19,000 trading at $19,198.0 although it is still down 6.57% in the last 24hours. Ethereum is down 7.31% trading at $997.67.

The market was rattled by the collapse of Terra and Luna token followed by Celcius, a US crypto lender freezing customers’ withdrawal and transfers between accounts.

In another development, Coinbase Global Inc, a major US crypto exchange,  Gemini and Blockfi said they would cut about thousands of jobs

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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MTN Nigeria to pay over N200 billion final dividend for 2022

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