- Bitcoin moved up above $10,300 on Sunday, breaching the resistance of a trendline falling from the December 2017 to June 2019 highs.
- Following the bullish move, the options market now shows a 7% probability of bitcoin rising to the historical 2017 all-time high of $20,000 before year's end, according to data from crypto derivatives analytics firm.
- The number had dropped to 4% a week ago with short-term implied volatility, a gauge of the market's expectations for bitcoin's future volatility, falling to record lows.
- "Options market is repricing quickly the probability of [new highs] by the end of the year, from 4 to 7% over the last week.
- Africans Speculate on our much 1 TCA Akoin worth now that bitcoin is now moving up more than $10,000. The big question?
- 1 Bitcoin BTC = 10,000 🔝
- 1 TCA Akoin = ??
The Central Bank of Nigeria has instruct banks and other financial institutions to close customers accounts used in trading bitcoin and other cryptocurrencies transactions. The Nigerian bank regulator #CBN ordered deposit money banks, non-bank financial institutions and other financial institutions to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately. The CBN has been long taken a strict position against cryptocurrencies, which have become a major unit of commerce across the world in recent years. In October last year, at the height of the #ENDSARS protests, the bank restricted some financial institutions from receiving or making crypto payments. The restricted accounts belonged to predominantly young Nigerians who had either sent or received funds to run the #EndSARS protests. When the major fundraisers, Feminist Coalition, were block...
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