• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
More Pains For Crypto Investors As Bitcoin Dips To Lowest Level Since 2020

More Pains For Crypto Investors As Bitcoin Dips To Lowest Level Since 2020

3 years ago
Seriake Dickson, Three Other Senators Take Oath of Office

Weaponised Poverty, Illiteracy Behind Vote Buying In Nigeria, Africa – Sen. Dickson

3 hours ago
Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

5 hours ago
Rufai: Nigerian Goalkeeper Legend Dies At 61

Rufai: Nigerian Goalkeeper Legend Dies At 61

5 hours ago
CAF Unveils New Trophy For 2024 WAFCON

CAF Unveils New Trophy For 2024 WAFCON

7 hours ago
Kenya: President Ruto Reshuffles Cabinet, Sacks 2 Ministers Within 5 Months Of Appointment

Kenya: President Ruto Orders Closure Of 1000 Hospitals Involved In Fraud

7 hours ago
Friday, July 4, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    U.S.-Africa Business Summit: Washington Denies “Abusive” Tariff Against Africa

    U.S.-Africa Business Summit: Washington Denies “Abusive” Tariff Against Africa

    Uganda: After 39 Years In Office, 80-Year-Old Museveni Seeks Re-Election

    IWD 2023: Women In Media Harp On Importance Of Digital Skills For Female Journalists

    Nigeria: Momentum Builds As Women Journalists Push For Passage Of Special Seat Bill

  • Economy
    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Namibia Sends First AfCFTA Shipment To Nigeria

    Namibia Sends First AfCFTA Shipment To Nigeria

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    U.S.-Africa Business Summit: Washington Denies “Abusive” Tariff Against Africa

    U.S.-Africa Business Summit: Washington Denies “Abusive” Tariff Against Africa

    Uganda: After 39 Years In Office, 80-Year-Old Museveni Seeks Re-Election

    IWD 2023: Women In Media Harp On Importance Of Digital Skills For Female Journalists

    Nigeria: Momentum Builds As Women Journalists Push For Passage Of Special Seat Bill

  • Economy
    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Namibia Sends First AfCFTA Shipment To Nigeria

    Namibia Sends First AfCFTA Shipment To Nigeria

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

More Pains For Crypto Investors As Bitcoin Dips To Lowest Level Since 2020

• Slumps below $24,000 as investors dump crypto amid a broader sell-off in risk assets.

June 13, 2022
in Economy, Top Stories
0
More Pains For Crypto Investors As Bitcoin Dips To Lowest Level Since 2020
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani 

Bitcoin tumbled below $24,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets.

Relatedreading

Weaponised Poverty, Illiteracy Behind Vote Buying In Nigeria, Africa – Sen. Dickson

Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

The world’s most popular cryptocurrency dived about 10 percent to hit $23,900 in morning London deals, striking a level last seen in December 2020.

Over the weekend and into Monday morning, more than $200 billion had been wiped off the entire cryptocurrency market.

The cryptocurrency market capitalization fell below $1 trillion on Monday for the first time since February 2021, according to data from CoinMarketCap.

Why is crypto crashing?

The blood bath seen in the market all through the year began in January as asset whales began selling of their holdings in what is termed as whale redistribution.

Asides from the Russian – Ukraine war, the selloffs then got intensified when the U.S. Fed hiked its interest rate to 1%, the largest increase since 2000, as it handed down its policy decision in May.

World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears.

“The correlation between the equity markets and bitcoin continues to” gain strength, said AvaTrade analyst Naeem Aslam.

Macro factors are contributing to the bearishness in the crypto markets, with rampant inflation continuing and the U.S. Federal Reserve expected to hike interest rates this week to control rising prices.

Last week, U.S. indices sold off heavily, with the tech-heavy Nasdaq dropping sharply.

Bitcoin and other cryptocurrencies have tended to correlate with stocks and other risk assets. When these indices fall, crypto drops as well.

The virtual unit has collapsed 65 percent in value since striking a record peak in November 2021.

Tags: #CryptoCrashBitcoinbreakingCryptocurrencyHeritageheritage timesheritagetimesmedialatestnewsthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

OFFICIAL: Man City Unveil £51m New Signing Haaland

Next Post

Search Ends As Body Of Missing Zimbabwean Opposition Activist Is Found

Related Posts

Seriake Dickson, Three Other Senators Take Oath of Office

Weaponised Poverty, Illiteracy Behind Vote Buying In Nigeria, Africa – Sen. Dickson

July 3, 2025
Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

July 3, 2025

Rufai: Nigerian Goalkeeper Legend Dies At 61

CAF Unveils New Trophy For 2024 WAFCON

Kenya: President Ruto Orders Closure Of 1000 Hospitals Involved In Fraud

Ethiopia Completes Construction Of Mega-Dam On The Nile, PM Announces

Next Post
Search Ends As Body Of Missing Zimbabwean Opposition Activist Is Found

Search Ends As Body Of Missing Zimbabwean Opposition Activist Is Found

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Seriake Dickson, Three Other Senators Take Oath of Office

Weaponised Poverty, Illiteracy Behind Vote Buying In Nigeria, Africa – Sen. Dickson

July 3, 2025
Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

July 3, 2025
Rufai: Nigerian Goalkeeper Legend Dies At 61

Rufai: Nigerian Goalkeeper Legend Dies At 61

July 3, 2025
CAF Unveils New Trophy For 2024 WAFCON

CAF Unveils New Trophy For 2024 WAFCON

July 3, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Weaponised Poverty, Illiteracy Behind Vote Buying In Nigeria, Africa – Sen. Dickson

July 3, 2025

Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

July 3, 2025

Rufai: Nigerian Goalkeeper Legend Dies At 61

July 3, 2025

CAF Unveils New Trophy For 2024 WAFCON

July 3, 2025

Kenya: President Ruto Orders Closure Of 1000 Hospitals Involved In Fraud

July 3, 2025

Ethiopia Completes Construction Of Mega-Dam On The Nile, PM Announces

July 3, 2025

Angélique Kidjo Makes History As First Black African With Hollywood Walk Of Fame Star

July 3, 2025

ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

July 3, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In