THE new week kicked off on a positive note in the global cryptocurrency market as investors gained $94.86 billion in the early trading hours on Monday.
The total crypto market capitalization increased by 6.76% on Monday morning at $1.51 trillion, largely attributed to the stellar position of Bitcoin with an 8.11% growth.
The world’s most popular cryptocurrency recorded a boost on Monday, trading at $38,331 as of 5:30 am, representing a gain of $2,906.07.
Ethereum also followed with a bullish trade at 5.89% growth rate to trade at $2,323.32 on Monday.
This is coming even as Nigeria’s central bank plans to launch its own digital currency by October 2021.
Recall that NaijaTimes reported that the apex bank warned and reminded local financial institutions against facilitating payments for crypto exchanges, a move widely condemned by young Nigerians who traded in these digital assets.
The Central Bank of Nigeria was quoted as saying, “In light of these realities and analyses, the CBN has no comfort in cryptocurrencies at this time and will continue to do all within its regulatory powers to educate Nigerians to desist from their use and protect our financial system from the activities of fraudstersand speculators.”
