The new week started on a positive note in the global cryptocurrency market as investors gained $94.86 billion in the early trading hours on Monday.
The total crypto market capitalization increased by 6.76% on Monday morning at $1.51 trillion, largely attributed to the stellar position of Bitcoin with 8.11% growth.
The world’s most popular cryptocurrency recorded a boost on Monday, trading at $38,331 as of 5:30 am, representing a gain of $2,906.07.
Ethereum also followed with a bullish trade at 5.89% growth rate to trade at $2,323.32 on Monday.
This is coming even as Nigeria’s central bank plans to launch its own digital currency by October 2021. Recall that earlier in the year, the apex bank warned and reminded local financial institutions against facilitating payments for crypto exchanges, a move widely condemned by young Nigerians who traded in these digital assets.