Browsing: Markets

In a recent global survey spanning 15 countries, Nigeria, the largest economy in Africa, has emerged as the world’s most cryptocurrency-savvy nation with more Nigerians interested in investing in cryptocurrencies.

In a Thursday notice, the Reserve Bank of Zimbabwe (RBZ) urged citizens and financial institutions in the nation to subscribe to its future gold-backed digital coin. According to the notification, applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions and corporations.

The widely used Bitcoin Fear and Greed Index entered a neutral zone after several months of fear, over the weekend. The indicator rose to its highest point since April 5, 2022, a neutral level of 52, on January 15. The action comes after Bitcoin’s (BTC) 249% increase over the previous seven days.

Things are getting interesting in the silver market as there is a possible Silver squeeze happening. Ronan Manly of BullionStar.com revealed that more than 50% of deliverable silver on COMEX is suddenly ‘not available.’ Manly referenced a tweet by metals expert, Nicky Shields, who said that they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30) as the focus was on physical tightness driven by unprecedented demand.