July 10 (Lagos) - Bitcoin BTX is trading at USD 21,424 at the time of writing this article. The crypto-currency has gained significantly after crashing last month to levels not seen in a couple of years.
The crypto-currency bulls are hoping for the strong rally to continue against hot inflation and rising cost of loving across the world.
Crypto-currency stocks have also crashed last month with Coinbase stock having been cut into a fraction of what it was offered to the public at its IPO just a little while ago. However some analysts are still not convinced with the long term viability of the cryptocurrencies and warn against taking high risks in a rising interest rate environment.
reporting for easykobo.com on Friday, July 10 2022 from Lagos, Nigeria