- CBN Trims Interest Rates on Treasury Bills, Raises N71bn
- Equities Investors Lose N719bn as FirstHoldco, GTCO Decline
- Capital Follows Certainty, Not Resources Alone, Says Falade
- Commodity Prices Set to Increase by 23% in 2026 as Global Shocks Mount
- AI, Tech Rally Lifts Global Equities as European Markets Diverge
- XRP Price Rises as C2FO, Ripple Partner to Modernise Trade Finance
- Naira Rebounds Against US Dollar after CBN FX Intervention
- Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy
Cryptocurrency
XRP jumped 3% to $1.33 on Wednesday as investors reacted positively to Ripple’s partnership with C2FO
Zcash (ZEC) climbed by about 11% to $604.03, sharply outperforming a declining market, driven primarily by a positive reaction to a swift security fix.
Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman and co-founder, sold 32 Bitcoins for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments.
Ripple (XRP) price dipped more than 4% to $1.28 on Monday as investor sentiment continued to decline amidst 1 billion XRP unlocked from escrow.
Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
Zcash (ZECUSD) rose by 5.05% to $546.98 amid weak cryptocurrency market conditions, after significant sell pressure had driven its market value lower.