Author: Folasade Olugbade

BTC Hits $75k as Hedging Activity Creates Forced Demand Bitcoin (BTC) touched $75,000 on Tuesday, boosted by hedging activities in a volatile cryptocurrency market. The price surged above $75,000, peaking near $75,800, breaking through a resistance range of $73,750 to $74,400 that had limited previous rallies since 2024. This price movement was closely linked to derivatives activity, with analysts indicating that the rally was primarily driven by traders unwinding bearish put options rather than a significant increase in new spot purchases. BTC has since pulled back to $74.4k amidst fluctuating trading volume. Traders noted that Bitcoin’s brief rise was mostly…

Nigeria’s Inflation Drops to 15.06% in February

The interest rate differential between Open Market Operations (OMO) and Nigerian Treasury bills has widened significantly, driven by the Central Bank of Nigeria’s (CBN) decisive actions to draw hot money into the economy.

A pullback in the stock market reduced the market capitalisation of fast-moving consumer goods company UAC Nigeria Plc below $300 billion, from its 52-week high.

The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.

OFFICIAL TRUMP is up 39.53% to $3.88 over 24h, dramatically outperforming a broader market that is also positive, primarily driven by a social media-fueled trading frenzy.

Bittensor (TAO) gained 10% to $236.84 over the past 24h, significantly outpacing Bitcoin’s gain, driven by capital rotating into high-beta altcoins, particularly in the AI sector.

GCR Ratings has named Saul Sassoon interim group chief, as Marc Joffe, Group Chief Executive Officer, will step down at the end of March 2026 after 25 years with the company.

Ripple (XRP) gained 4% over the last 24 hours to $1.43 as capital rotated into altcoins amid a broader crypto market rally on Friday, reflecting an improved investor sentiment.

BUA Cement and Transcorp Hotel Plc, among others, drove momentum in the Nigerian Exchange (NGX) trading platform with a surge of about N649 billion in market capitalisation.