Connect with us


Bitcoin value up by 4.38% as investors pocket $32.26bn



Bitcoin holders pocketed $32.26 billion on Monday following a 4.38 percent rise in their investment in the most popular cryptocurrency.

Three months after Tesla founder, Elon Musk, announced that his company would no longer accept Bitcoin as a payment option, the cryptocurrency’s price has continued to hover around $40,000.

In the early hours of Thursday, Bitcoin market capitalisation was $735.88 billion with its price valued at $39,192.24.

READ ALSO: Bitcoin weakens Tesla financials

But it currently trades at $40,910.22.

Bitcoin had sold for as low as $37,380.29 and as high as $41,377.57 in the last 24 hours.

Market analysts projected that Bitcoin’s value would drop to $23,000 before experiencing another price bubble.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now