Bitcoin Price Reaches NGN33.7Million/BTC ($59,297.19) In Nigeria

Last updated on August 26th, 2022 at 03:19 pm

The price of Bitcoin has spiked to NGN33,777,567.30, a few weeks after China announced the ban of cryptocurrency, although it reacted to the shock, it was momentary.

Also, the new spike may also be as a result of a report by Bloomberg that the U.S. Securities and Exchange Commission didn’t oppose the launch of a futures-based Bitcoin exchange-traded fund in the U.S.

At the time of this report, BTC1 was $59,297.19 on coinmarketcap, in Nigeria-supported peer-to-peer crypto exchange platforms, it’s NGN33,777,567.30
From October 1, 2021, in our timeline of bitcoin for Otober 2021, the crypto enthusiasts have seen how the value of the most valuable digital coin appreciated from NGN27,543,870.64 ($48,153.62) to the present market price

At the time of publication, the market capitalisation of bitcoin was $1,117,303,496,077

BTC’s price has also impacted the value of other cryptos like Ethereum, trading at $3,768.20 while Binance Coin (BNB) was $455.57




  • Opeyemi Quadri

    Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across real estate investment, foreign exchange, government policies and politics. He has a knack for breaking down complex financial concepts in a way that is easy to understand. Ope is available on Twitter @OpeQuadri.

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