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    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

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    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Champion Breweries Plc to issue additional shares

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    Jaiz Bank announces final dividend

    Over 5 billion additional ordinary shares of Jaiz Bank Plc listed on NGX

    Jaiz Bank Plc reports N23 billion profit for 2024 FY.

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    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc reports N113 billion profit after tax for Q1 2025 amid N165.6 billion tax credit

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

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    Zenith Bank to exit CBN forbearance restriction end of June, confident in dividend payments

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    DMO offers N300 billion FGN bond for auction in May

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    NGX Daily Equities Market Report: Market gains for third consecutive days

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

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    New hope for Naira fixed income savers?

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

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    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

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

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Home Markets Cryptocurrencies

Price of Bitcoin, Ether, Solano, Cardano XRP, VET & others crash

Saturday, 4 December 2021, 9:44 am
in Cryptocurrencies, Markets
0
Price of Bitcoin, Ether, Solano, Cardano XRP, VET & others crash
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It is a RED Saturday for cryptocurrencies, as they got battered by the risk aversion sweeping across financial markets. The omicron variant of the coronavirus has also led to risk aversion over concerns about what it might mean for global economic reopening.

In addition to the risk aversion is the mainstream resistance from the US regulators. CEOs of prominent crypto exchanges including FTX and Binance USA have all been invited for a hearing on crypto-assets.

Bitcoin (BTC) fell as low as $42,296 before recovering to its current price of $47,461.60 at the time of this report.

According to ByBit data, the Bitcoin market experienced $1.3Bn total liquidations in the past 1-2 hours, with $735mn liquidated in BTC longs on this drop.

Read also; Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

Ether fared equally as bad, tumbling by as much as 17.4%, and currently trading at $3,925.05, still 14.1% down.

Crypto tracker ConiGecko, reported that the overall crpto sector has shed around 20% of its value, sliding to $2.2 trillion.

All other major crypto currencies are following BTC and Ether, all on a double digit loss; Cardano, Solana, Dogecoin, SHIBA INU, Avalanche, XRP, VeChain etc.

Source: Investing.com 

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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