‘Big News—Forget The Spot Bitcoin ETF, A Huge Unexpected Bank Flip Could Be About To Hit The Price Of Bitcoin, Ethereum, XRP, Solana And Crypto

Bitcoin: BTC: And cryptocurrency prices have soared this year in anticipation of a big change in 2024.

Participant: Head over to Forbes CryptoAsset and Blockchain Advisor now and “Discover Blockchains Poised to Win and Profit 1,000%” Ahead of Next Year’s Historic Bitcoin Halving.

In recent weeks, the price of Bitcoin has approached $45,000 per Bitcoin, displacing other major cryptocurrencies such as Ethereum and XRP. XRP: and Solana – the excitement generated by Wall Street giant BlackRock about the potential of Bitcoin exchange-traded funds (ETFs). Black: , has reached its peak (with a major update announced this week).

Now that China is quietly moving to crypto, Nigeria, the country with the highest Bitcoin and adoption rate after India, has suddenly lifted restrictions on banks processing crypto transactions.

The historic Bitcoin halving is fast approaching and is expected to cause cryptocurrency price fluctuations. Sign up for Cryptocodex for free now . A daily newsletter for traders, investors and crypto enthusiasts to keep you informed.

More from Forbes “$1 Trillion Is About to Shatter” – Billy Bambrough’s Massive 2024 Prediction of the “Biden Rescue” Will Destroy the US Dollar and Depress Bitcoin and Crypto Prices.

“Recent global trends have demonstrated the need for Virtual Asset Service Providers (VASPs) to regulate activities related to cryptocurrencies and crypto assets,” the Central Bank of Nigeria (CBN) wrote to banks in the country . Reports. By 2021, the ban on commercial banks providing services to crypto exchanges in the country has been lifted.

However, banks are still prohibited from dealing, dealing or transacting in cryptocurrencies through their respective accounts.

"It's good news."

Jeremy Aller, CEO of the stablecoin company, wrote in this world

: Technology innovators.

According to a September report from researcher Chainalysis, crypto trading volumes in Nigeria increased 9% year-on-year to $56.7 billion between July 2022 and June 2023.

Sign up now to access CryptoCodex ,

supplements Forbes Daily Crypto Charts. Donald Trump predicts Bitcoin will be worth $2 trillion by 2024, Billy Bambrow

Interest in Bitcoin and cryptocurrencies has exploded in Nigeria, as Africa's largest economy grapples with a rapidly depreciating currency and rising inflation.

“People continue to devalue the naira and are looking for ways to cope with the post-Covid economic downturn,” said Moyo Sodipo, co-founder of Busha, a Nigeria -based cryptocurrency exchange.

“This will take Bitcoin to $1 million per coin” – Michael Seiler