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