- U.S. Consumer Momentum Slows as Inflation Squeezes Incomes
- Burundi Economy Improves, Inflation Sinks to 8.6% from 45% – IMF
- United Nations Urges Africa to Boost Domestic Funding
- US Dollar Hits 1-Year High on US Fed Hawkish Rates Bets
- Nigerian Exchange Sheds N2.18trn as Dangote Companies Dip
- XRP Price Dips 6.2% on U.S. Federal Reserve Rates Hike Bets
- Bitcoin Sinks 5.3% as Ark, BlackRock IBIT Lead ETF Outflow
- Nigeria Risks Remaining AI Consumer Without Local Infrastructure
Cryptocurrency
XRP price is down 6.21% to $1.13, underperforming a broadly lower market, primarily
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.
Hedera (HBARUSD) gained 5.02% over 24 hours to $0.0975, significantly outperforming a flat Bitcoin and the broader market, driven primarily by a surge in leveraged derivatives positioning and whale accumulation.
Solana (SOLUSD) climbed 1.01% to $82.94, slightly outperforming a modestly rising broader market, primarily driven by relative strength amid capital rotation and steady institutional interest.
Cardano (ADAUSD) gained 2% over the past 24 hours to $0.23699, outperforming a flat Bitcoin, primarily driven by strong on-chain accumulation and network confidence.
Bitcoin, Ethereum, Binance Coin, and Ripple’s XRP plunged as renewed tensions in the Middle East triggered about $1 billion in cryptocurrency liquidations.