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Today’s Cryptocurrency Headline
The Central Bank of Nigeria (CBN) is moving forward with plans to upgrade the country’s central bank digital currency (CBDC) for a wider range of goods and services. Starting next week, the wallet app of Nigeria’s central bank digital currency eNaira will be upgraded, allowing users to make transactions such as paying for DSTV or electricity bills or even paying for airline tickets, said CBN branch head Bariboloka Koyor.
BingX’s Bitcoin Chart
BTC is down 3% over the last 24 hours and has risen to an intraday low of $32,644.92. Bitcoin price stabilised at around $30,000 today, which is the lowest level prices have traded since June 2021. The largest cryptocurrency is now trading around 55% lower than its record high in November, and it appears to be oversold. If the Buyers manage to maintain the price above the current level ($31,000), the relief rally could reach the 10-day exponential moving average (EMA) ($34,170). Conversely, if the bear market managed to push the price below $30,000, we could see BTC decline to $28,000.
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