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XRP Defies Market Trends; Hits 6-Month High in Wallet Holdings


On July 31, the cryptocurrency market encountered turbulence, with global market valuations reportedly dropping beneath $2.5 trillion, CoinMarketCap reports. As a result, Bitcoin (BTC) and Ethereum (ETH) recorded slight declines, setting a somber tone. However, XRP took a surprising turn. According...

Bitcoin Hits $70,000, But Quickly Plunges To $68,000


Bitcoin soared to $70,000 recently and was also quick enough to retrace to the $68,000 level. According to CoinMarketCap data, BTC surged from a 24-hour low of $67,600 to a high of $70,000. However, the bulls failed to sustain the momentum. Even though BTC picked up the pace in the last few days...

Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High


According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate...

Nigeria Acts to Defend Naira After Currency Hits New Record Low


The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank...

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