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Bitcoin recovers to $38,000 after plunging 30% in 24 hours Bitcoin started seeing a major decline after Tesla CEO Elon Musk said his company will no longer accept Bitcoin as a digital payment due to damage it causes to environment. China has also proscribed financial institutions and payment firms from providing services related to cryptocurrency  BusinessToday.In | May 20, 2021 | Updated 09:15 IST Bitcoin has fallen almost 50 per cent from April 12 The world's largest cryptocurrency Bitcoin has declined 6.62 per cent to $38,018.85 in the past 24 hours. The world's biggest cryptocurrency sa...

"Investors have shunned riskier assets this week, marking a sudden shift in mood that is delivering heavy losses to inexperienced traders."

Bitcoin tanks below $40,000; here's why This is the cryptocurrency's lowest level since February 2021 and comes after knocking a peak of $64,895 last month BusinessToday.In | May 19, 2021 | Updated 13:15 IST As per the latest data on Coinbase (at around 11.30 am), Bitcoin was trading at $38,570.90 on May 19 Bitcoin continued its week-long slide triggered by Elon Musk's back-and-forth remarks on Tesla's holdings of the digital currency. Extending its losses, the cryptocurrency fell below $40,000 on Wednesday, May 19. As per the latest data on Coinbase (at around 11.30 am), Bitcoin was tradin...

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on informal platforms have also led to increased reports of users losing money to con artists. M...