Maarshiil Bank

22/12/2024

ADA, DOGE, SOL Dump Hard Again as BTC Slides Below $97K (Market Watch).

After heading toward $100,000 yesterday, bitcoin’s price has taken another wrong turn as the asset has lost over three grand since then.

The altcoins are also deep in the red, with massive daily price declines from the likes of SOL, DOGE, ADA, AVAX, LINK, SHIB, and many others.

BTC’s Short-Term Recovery
Although the business week started quite spectacularly for BTC, whose price skyrocketed from $101,000 to a new all-time high of over $108,000 by Tuesday, it actually turned sour on Wednesday after the latest US FOMC meeting.

The primary cryptocurrency began a massive correction that culminated on Friday with a price slump to around $92,000. Thus, the asset had lost more than $16,000 in just 72 hours.

At this point, the bulls finally managed to halt the freefall and helped BTC climb to $95,000. It kept going north on Saturday morning and jumped to $99,600. As the community was preparing for a potential challenge for the six-digit mark, bitcoin’s trajectory reversed once gain.

BTC started to lose value once again and dropped to just under $96,000 hours ago. Despite being above that line now, bitcoin is still 2% down on the day.

Its market capitalization struggles to remain above $1.9 trillion, while its dominance over the alts has risen to 55% as most altcoins have suffered a lot more.
Alts Back in Red
Yesterday’s brief relief was halted as the altcoin market is back in red again. Ethereum failed at $3,500 and has slumped to $3,350 after a 3.5% daily decline. XRP was stopped ahead of $2.4 and has slipped to $2.24 now.

Even more painful daily declines are evident from SOL, DOGE, ADA, AVAX, LINK, SHIB, XLM, DOT, HBAR, APT, ICP, AAVE, and CRO, with losses of up to 11% in the case of APT.

The total crypto market cap has shed another $100 billion in a day and is down to $3.460 trillion on CG.

16/12/2024

SOMALIA CURRENCY



The currency used in Somalia is a Somali Shilling.The Central Bank Act – Decree Law No. 16 of 19/10/1968 mandates the Central Bank is the only first authority mandated to issue Somali currency bank notes and coins as legal tender.Currently the only Somali currency in use is the 1000 Shilling note first issued in 1990 and as a second issue in 1996.

OF THE ₹CURRENCY.
The principal form of currency in Somalia has been base metallic coins, usually silver, and by the first half of the 19th century the main unit of currency was the Maria Theresa Thaler which was known in Somalia “Sharuq”. It was a coin containing four parts silver and one part copper, and has been issued by the Austrian Empire, in honor of the Empress Maria Theresa, who ruled Austria, Hungary and Bohemia from 1740 to 1780. It had gained acceptance in the Arabia Peninsula and in the Horn of Africa, Somalia, Ethiopia and Eritrea, as its high silver content satisfied the people’s desire for base coins.

There is no specific period that can be traced the starting era of the use of money metallic coins in Somalia, but from the history we acknowledged that the trade relations between the neighboring countries in the exchange of goods were based with the currencies used by those inhabitants of the region namely in the Arabian Peninsula and in India.


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22/11/2024

Dhawaan Filo MustaqbalkaSoomaliya

09/05/2024

12/04/2024

Maanta Dhigo, Beri Dheefso!

09/04/2024

عيد مبارك كل عام وانتم بخير

Ciid Wanaagsan. Ciiddul Caafiyah. Ku ciida farxad iyo caafimaad.
عيد مبارك كل عام وانتم بخير

13/11/2023

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