Ekekwe points out that despite Binance disconnecting the Naira from its ecosystem, the currency’s exchange rate has not recovered to its previous levels of around N600 per US dollar.
The court order, issued by Justice Emeka Nwite, mandates Binance to disclose the identities and transaction details of its most prominent Nigerian users.
While analyzing the key support level, crypto analyst Ali stated some important on-chain support and resistance levels for Bitcoin based on areas with a high concentration of investor positions.
According to Rekt Capital, Bitcoin has typically peaked 518 to 546 days after the halving event, which reduces the rate at which new bitcoins are created.
