Coffey StampeDec 17, 2021 · 3 years ago6 answers What factors contribute to the volatility of the exchange rate between dollars and cryptocurrencies like Bitcoin to Naira in the black market?
What are the main factors that cause the exchange rate between dollars and cryptocurrencies like Bitcoin to Naira to be highly volatile in the black market? How do these factors affect the price fluctuations? Are there any specific events or market conditions that have a significant impact on the volatility? How does the lack of regulation and oversight in the black market contribute to the volatility of the exchange rate?