Why Is Bitcoin Trading at $37,000 in Nigeria? - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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Popular trader Daan Crypto Trades eyed an ongoing tussle between two key moving averages (MAs) on one-day timeframes.“Whether the Daily 200MA (Purple) or the Daily 200EMA (Blue) gives in first, will likely determine the trend for the rest of October if I had to guess,” he wrote alongside a chart in an X post on Oct. 4.“$27K & $28K. The battle continues.”BTC/USD annotated chart. Source: Daan Crypto Trades/XDaan Crypto Trades subsequently flagged increasing open interest (OI) across exchanges, this apt to cause a squeeze of shorts followed by longs, respectively. “This has usually been a short squeeze (up) into long squeeze (back down). We saw this yesterday again. Good to keep an eye on this region,” he suggested.#Bitcoin Open Interest hit the 8.7-9.1B region again where we've recently seen a lot of squeezes occur. This has usually been a short squeeze (up) into long squeeze (back down).We saw this yesterday again.Good to keep an eye on this region. pic.twitter.com/yojcBHSGzk— Daan Crypto Trades (@DaanCrypto) October 6, 2023 Source: Adobe / slasnyiNon-fungible tokens (NFTs), once the darlings of the digital art and collectibles world, are facing a harsh reality check.According to a recent study conducted by Web3 review website dappGambl that used data from crypto tracking sites CoinMarketCap and NFT Scan, more than 95% of NFT collections are now effectively worthless.This revelation highlights the bursting of the NFT bubble that had seen extravagant sales and hype just a year ago, when digital art pieces with price tags in the millions of dollars regularly changed hands.Out of a total of 73,257 NFT collections examined in the study, a staggering 69,795 of them held a market capitalization of precisely zero Ether (ETH).The study indicates that millions of people are currently holding NFTs that have no tangible value.The results of the study were widely shared among crypto community member on the social media platform X, with some admitting that the NFT market is now “super dead:”Explosive growth in 2021 and 2022The once-skyrocketing NFT market saw explosive growth in 2021 and 2022, peaking at $2.8 billion in monthly trading volume.During this period, high-profile collections like Bored Apes and CryptoPunks traded for millions of dollars, and celebrities such as Stephen Curry and Snoop Dogg were joining the NFT frenzy.As the study's findings indicated, however, the market has since cooled significantly.An overwhelming 79% of all NFT collections remain unsold, creating an environment favoring buyers at the expense of increasingly desperate sellers.Even when filtering out lower-value projects, the majority of collections retain little value today.Among the top 8,850 collections by market cap, 18% are worthless, and 41% are priced at a modest $5 to $10.Furthermore, less than 1% of collections are valued above $6,000, marking a stark contrast to the million-dollar deals that were once commonplace.Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530% Why Is Bitcoin Trading at $37,000 in Nigeria?CommEX appears to be only one of the firms relying on Binance technology or liquidity to serve the Russian market. Nominex, the creator of “entertrading” — a portmanteau of entertainment and trading — advertises itself as an “Official Binance Broker,” and even specifically highlights that “all funds are stored on Binance and, in fact, transactions are also executed on the Binance exchange.” The BBC reported how the US government prevented a federal shutdown by reaching an agreement on a short-term funding deal on October 1. US President Joe Biden signed the bill into law, ensuring funding until November 17.

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Minutes later, BitGo announced that its wallets were prepared, and a frantic transfer of hundreds of millions of dollars in crypto ensued, moving away from Ramanathan’s Ledger device. Let’s break this down for you. Crypto Bill India: What Is Crypto Bill & How It WorksBankman-Fried also praised Alameda's activity following his departure. "Becoming a large global source of liquidity, guidance, and backstopping for the entire ecosystem. And, you know, doing a good trade now and then," Bankman-Fried added. Pro-crypto candidate for the United States presidency Robert F. Kennedy, Jr., often known simply as RFK Jr., announced on Oct. 9 at a rally in Philadelphia that he was dropping his bid for nomination in the Democratic primary to run as an independent instead. “I’m here to declare myself an independent candidate,” he said.

Paul Lei, protocol program lead at Gauntlet, crypto risk management provider for Uniswap,, over the past year, said that asset liquidity has generally weakened across chains, particularly for “tail assets.” The incident gained public attention when various Upbit users reported unauthorized deposits of what appeared to be Aptos tokens (APT) in their accounts, according to X user Definalist. Blockworks has reached out to Upbit to confirm. How do I buy Bitcoins on cash App without SSN?“But at the end of the day,” he says, “it’s not actually that complicated. You just make a really great game. Gamers will start to play it and they’ll just start to interact.” Hours earlier, on Oct. 9, Ordswap posted a stark warning to users not to connect to its domain as it was not in control of it. It pinned the issue on Netlify, a website development and hosting firm.We are working on publishing source for metamask users to obtain their key if they have not already. The issue appears to be with Netlify, but we are still working through it. https://t.co/uYGxJkzGfj— Ordswap (@ordswap) October 9, 2023

— John Reed Stark (@JohnReedStark) October 4, 2023 When asked whether the estimated price level would stick, Hayes agreed that a 70% to 90% drawdown would occur in BTC price, just like it has after each bull market. Ethereum Price Forecast: Bullish Momentum Continues, Is ...Aavegotchi announces its Gotchi-themed game center.Press start to disrupt: Dappicom’s bid to reinvent Web3 gaming Kos commented on the integration process, saying that SYNTHR’s initiative to unveil syROSE was enthusiastic, ushering in a new chapter of seamless access to all of Web3 for the global Oasis community.

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