Naira decline does not stop with global currencies but also against digital currencies known as cryptocurrencies.
The world’s most dominant cryptocurrency, Bitcoin, gained 2.47 percent against the Nigerian Naira to N8.85 million or $18,377.64 per coin on Friday.
Bitcoin market capitalisation grew to N165.05 trillion with 24 hours volume of trade estimated at N2.40 trillion, according to the latest data from Investors King’s Bitcoin Price table.
Ethereum appreciated by 5.61 percent to N191,919 or 0.0268 BTC per coin while Ripple, Litecoin and ChainLink followed with 5.43 percent gain to N119.57 or 0.00001672 BTC per coin; 3.32 percent gain to N31,238 or 0.00434868 BTC and 4.29 percent to N5,433.10 or 0.00075775 BTC a coin, respectively.
Bitcoin Cash gained 6.86 percent to N100,380 or 0.00110 per coin to emerged the highest gainer among the top 6 most capitalised cryptocurrencies.
The Nigerian Naira declined by N5 against the United States Dollar to N480 at the black market on Friday, down from N475 it was exchanged on Thursday.
