Queen Nwabueze
Viral reports say, troubled Bitcoin continues to struggle to climb above $30,000 on Friday, as weak trade soldiers on in the cryptocurrency market that saw approximately $1 trillion go with the wind in recent weeks.
Join our WhatsApp ChannelBitcoin, the world’s biggest crypto by market cap, was trading at $29,260 at 9.17 a.m. EDT (1317GMT) for a daily gain of 3.7%.
The world’s largest altcoin, Ethereum, also was below the key resistance level of $2,000, as it was trading at $1,810 at the time for a 3.9% daily increase.
The total value of the crypto market stood at $1.22 trillion at the moment.
The crypto market saw almost half of its value evaporate in the past six weeks, as its total loss stood at $970 billion, from the figure of $2.19 trillion recorded on April 4.
At Prime Business Africa, you can always read related stories with ease. Please feel free to click: “Below $33,000, Bitcoin Hits Lowest Price In 10 Months.”
Another one you can enjoy is: “IMF Sends Strong Message On Bitcoins.” Also take a look at: “Bitcoin Prices Continue To Decline – New Report.” See also: “Amazon Debunks Accepting Bitcoin Payment”…and a host of other crypto reports right here in Prime Business Africa. Why not use the SEARCH button to see more reports.
A cryptocurrency, crypto-currency, crypto, or coin is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
Bitcoin according to Wikipedia is: “Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.”
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