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Olumide Adesina Profile picture
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26 Dec, 5 tweets, 4 min read
The world’s most popular #Crypto, #Bitcoin is having a run not seen in the #Crypto-verse, especially on boxing day.
The flagship #Crypto traded at $24,845.80 with a daily trading volume of $44,952,165,090. #Bitcoin is up 5.76% for the day. The current market value of Bitcoin stands at $461.7 Billion
#Bitcoin is fired up on all cylinders, smashing its past record highs at the speed of light, and it seems the momentum trade is strengthening as mass media outlets embrace #Crypto coverage
It also seems a significant amount of #Bitcoin investors are keeping the world’s most popular #Crypto for #wealth preservation rather than as a utility tool,
As data retrieved from #Glassnode revealed #Bitcoin Percent Supply Last Active 1+ Years just reached a 7-month low of 59.601%, meaning #Bitcoin is becoming scarce. This is partly why the price keeps increasing

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More from @TokunboAdesina

Olumide Adesina Profile picture
26 Dec
#Bitcoin’s market value now $468 billion, bigger than #GDP of #Africa’s largest economy
The price of the world’s most popular #cryptocurrency recently surpassed $25,000, reaching a new milestone of $25,199.50 on #FTX exchange and surpassing the Gross Domestic Product of any country in #Africa
#Africa's largest economy, #Nigeria has a #GDP, valued at $$448.1 billion. At the time of writing this report, #Bitcoin comfortably outmatched #Nigeria’s #GDP with a market value of $468 billion
Read 7 tweets
Olumide Adesina Profile picture
26 Dec
Top U.S stocks making #investors very #rich
Despite #Bitcoin having touched a new milestone on #Christmas day by hitting a new all-time high of $24,600 with yearly gains of about 236%, it still lags behind a handful of listed #American stocks in terms of yearly returns
The leader of the pack remains #Chinese car company, #Nio, often tagged the Chinese #Tesla. Nio has outperformed by 11-fold gain this year alone, pushing the #car company’s market value past car giants like American based #GeneralMotors
Read 9 tweets
Olumide Adesina Profile picture
25 Dec
Trading in the top three equities namely #AccessBank Plc., #ZenithBank Plc., and #AXA Mansard Insurance Plc. (measured by volume) accounted for 1.439 billion shares worth N13.881 billion in 2,972 deals
#NigerianStocks unsurprisingly recorded impressive gains W/W, as #investors increased their buying pressure, especially #NSE30 stocks that include #Dangote, #Airtel, and lately #Guinness
#Nigerian’s crude, selling at $51/barrel, kept stocks rally up. #Stock experts anticipate the present bullish run currently playing at #Africa’s best-performing #equity market will remain long term, albeit alongside #profit-taking seen lately at its last trading session
Read 4 tweets
Olumide Adesina Profile picture
24 Dec
Even if a #Brexit deal were secured, there would still be trade disruption given new administrative burdens on firms exporting into the #EU
Uncertainty across all economies, combined with a new national lockdown across countries in January to counter the second wave and new strain of #COVID19
means choppy #economic activity across the board in Q1 for all major/emerging currencies and will see #investors taking solace in traditional safe-haven assets.
Read 4 tweets
Olumide Adesina Profile picture
24 Dec
The world’s second-largest economy, #China, has recently launched an #antitrust investigation into Asia’s leading e-commerce company, #Alibaba, listed on the biggest #stock market in the world.
#eCommerce juggernaut seems to be in hot water over its affiliate company, better known as #Ant Group, as #Chinese antitrust regulators plan to review if it was in any way #monopolistic
Such a move by the #Chinese regulators is seen by some market commentators as a huge hit to #JackMa’s e-commerce and #fintech empire
Read 8 tweets
Olumide Adesina Profile picture
24 Dec
#Oil prices gain, #energy demand in #America ticks up
#Oil prices ticked up at Thursday’s trading session, extending gains after a plunge in U.S. crude oil inventories boosted #fuel demand hopes and hopes of a possible #Brexit deal
Although the plunge in U.S crude #Oil inventories was much smaller than the 3.186-million-barrel plunge many leading #energy experts had earlier envisaged as well as the previous week’s draw of 3.135 million barrels
Read 5 tweets

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