Browsing: Crypto

The token rose as far as $57,036 in early Asian trading, its highest level since November 2021, having recovered from a tumble below $40,000 in the initial days following the opening of US-based spot Bitcoin exchange-traded funds (ETFs) in early January. Later in the day, it pulled back slightly to trade at $56,325 as of 08:30 GMT, still up more than 9% over the past 24 hours.

Nigeria, the nation with the highest rate of cryptocurrency adoption after India, allowed lenders to deal with companies providing digital tokens, reversing a ban the central bank introduced in 2021, the BusinessDay reported.