Economy
BTC Price In USD | Investing In Bitcoin Discussed By Traders Union
In the ever-evolving sphere of cryptocurrencies, Bitcoin (BTC) has consistently held its position as a key player. The volatile nature of BTC prices in USD makes it a hot topic of discussion among investors, analysts, and financial enthusiasts alike.
Traders Union revealed the BTC price in USD. TU experts recently divulged their perspective on the BTC price USD, providing much-needed insight.
Is Bitcoin a good investment today?
According to TU experts, Bitcoin presents a promising investment opportunity today. Despite its notorious volatility, the cryptocurrency market has witnessed exponential growth since Bitcoin’s inception in 2009. With the increasing demand for blockchain technologies, Bitcoin has proven to be one of the best-performing assets on the market, immune to traditional economic forces such as inflation or central bank manipulation. Even in its current correction phase after peaking above $60,000, Bitcoin’s historical growth rates suggest it could still offer significant long-term investment rewards.
Investment outcomes: Bitcoin 1 month/1 year ago
Drawing from their expertise, TU professionals note that ups and downs have marked the past year’s Bitcoin performance. The one-year return on Bitcoin stands at -35.47%, indicating a bearish period for the cryptocurrency. However, the one-month return paints a different picture, showing an impressive recovery rate of 26.29%. This stark contrast elucidates the volatile and unpredictable nature of Bitcoin investments.
Why investing in Bitcoin is a good idea
TU experts list several reasons why investing in Bitcoin could be beneficial:
- Price Correction: Bitcoin is currently trading at a significant discount from its all-time high, opening up potential buying opportunities.
- Institutional Adoption: Bitcoin’s acceptance by investment firms and funds lends it credibility and attracts retail investors.
- Lightning Network Success: Bitcoin’s network, though slower than some competitors like Visa, offers significantly lower transaction costs.
- Store of Value: With a maximum supply of 21 million coins, Bitcoin is a digital store of value akin to gold.
- Halving Cycle: Bitcoin’s halving cycle leads to a decreased supply of coins, which could increase the price.
- Bull Cycle Theory: The recurrent cycles of bull runs and subsequent corrections imply that another bull run could be imminent.
- Benchmark Status: Bitcoin is the benchmark for other cryptocurrencies, adding trust and recognition to its name.
Why investing in Bitcoin might be a problem
However, Bitcoin investments aren’t without risks. TU experts highlight some potential concerns:
- Regulatory Concerns: Regulatory actions worldwide pose a significant risk to Bitcoin. Some governments have imposed stringent restrictions or outright bans on the use and trade of cryptocurrencies, creating a highly uncertain future for Bitcoin. With such regulatory uncertainty, potential investors may navigate a precarious and unpredictable landscape.
- Fear of Recession: Bitcoin is still a relatively new asset despite its digital gold status. In times of economic instability or recession, newer assets are often the first to take a hit. The inherent volatility of Bitcoin, coupled with global economic uncertainties, can make Bitcoin a high-risk investment, particularly for short-term investors.
- Divided Forecasts: Sharply divided forecasts mark the world of Bitcoin. While some analysts believe we have seen the worst and expect a rebound, others anticipate further drops in Bitcoin’s price. This prediction divergence adds another layer of complexity to investment decisions.
Is investing $100 or $1000 in Bitcoin enough?
According to TU experts, how much one should invest in Bitcoin depends on individual circumstances and risk tolerance. It is crucial not to invest more than one can afford to lose. With Bitcoin’s swift growth, investing $20, $100, or $1000 per month could yield returns, but due to its volatile nature and limited liquidity, small investments might not provide sufficient diversification. Therefore, potential investors should be cautious and informed about the potential risks.
Additionally, Traders Union has also revealed the XAUUSD prediction today. To know further, visit the official website of the Traders Union
Conclusion
As we venture further into the digital age, Bitcoin is making waves in the financial world. While it presents promising opportunities for investors, it comes with unique challenges and risks. Understanding these dynamics is critical to making informed investment decisions. To delve deeper into the world of Bitcoin, visit the official Traders Union website.
Economy
Ibeto Customs, Police Renew Joint Security Pact for Efficiency, Safety
By Adedapo Adesanya
The Nigeria Customs Service (NCS), Ibeto Seaport and Terminals Command, Port Harcourt, and the Nigeria Police Force have renewed their commitment to joint security operations at the nation’s maritime corridors, following a strategic meeting between top officials of both agencies.
According to a statement, the renewed partnership came as the Commissioner of Police, Eastern Port Police Command, CP Shuaibu Audu, paid a working visit to the Customs Area Controller, Comptroller Usman Yahaya, at the Command headquarters on April 17, 2026.
The engagement, according to a statement by the Command’s Public Relations Officer, Chief Superintendent of Customs Tangwa Emmanuel, was aimed at strengthening inter-agency cooperation and boosting operational efficiency within the port environment.
Speaking during the visit, Comptroller Yahaya described the engagement as significant, stressing that sustained collaboration among security agencies remains critical to safeguarding national assets and ensuring seamless port operations.
This visit is timely and highly appreciated. It reflects the importance of sustained cooperation among agencies entrusted with the security of our nation and the protection of critical economic assets,” he said.
He assured the police boss of Customs’ readiness to maintain strong working relations with the Eastern Port Police Command.
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities,” Mr Yahaya added.
The Customs Area Controller noted that the synergy between both agencies has continued to play a vital role in maintaining order, facilitating legitimate trade and curbing criminal activities within the port system.
This was contained in a statement shared via the Customs official X handle.
Customs and the Police share common responsibilities in safeguarding the port environment. Synergy remains the cornerstone for achieving our collective mandate,” he stated.
He also briefed the visiting Commissioner on the operational relevance of the Ibeto Seaport and Terminals Command, reiterating the Command’s commitment to strengthening maritime security.
On his part, CP Audu said the visit was part of efforts to consolidate existing ties between the Nigeria Police Force and the Nigeria Customs Service.
“My presence here today is to reinforce the cordial relationship between the Nigeria Police Force and the Nigeria Customs Service. No organisation can function effectively in isolation,” he said.
He emphasised the importance of sustained collaboration among security agencies, particularly in securing the nation’s ports, which he described as vital to economic stability.
Synergy among security agencies is essential to addressing emerging threats. Our ports are strategic national assets, and we must work together to keep them secure,” Mr Audu stated.
The police commissioner also sought continued support from Customs officers in advancing shared security objectives.
Economy
Tinubu Removes Wale Edun, Elevates Taiwo Oyedele as New Finance Minister
By Modupe Gbadeyanka
Mr Taiwo Oyedele has become the new Minister of Finance and Coordinating Minister for the Economy after the exit of Mr Wale Edun.
This announcement was made on Tuesday by the Office of the Secretary to the Government of the Federation via a statement signed by Mr Yomi Odunuga, the Special Adviser of Media and Publicity to the Secretary to the Government of the Federation, Mr George Akume.
It was disclosed that President Bola Tinubu approved the removal of Mr Edun as Finance Minister as well his counterpart in the Housing and Urban Development Ministry, Mr Ahmed Musa Dangiwa.
According to Mr Akume, “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
In approving the cabinet reshuffle, the President has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended), he added.
Before this minor cabinet reshuffle in the membership of the Federal Executive Council (FEC), Mr Oyedele the Minister of State for Finance.
Mr Muttaqha Rabe Darma has now been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
Mr Tinubu thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours, reminding others that “the process of reinvigoration shall be continuous.”
Economy
Dangote Eyes Crude Oil Production to Ease Shortfalls
By Adedapo Adesanya
The Dangote Group has announced plans to begin its own crude production, to help cover shortfalls in local crude feedstocks, in the coming weeks through its upstream assets.
According to Mr Devakumar Edwin, the Vice President of the Dangote Group, the company has commenced early testing on crude from its Niger Delta licenses.
In an interview with Platts, part of S&P Global Energy, the official said the company has already begun standard well testing and is preparing to scale up output.
“We have opened a well and begun standard testing, which should be completed in the next three to four weeks, maximum.
“After that point, oil can start to be pumped in larger volumes, and the company can begin work on drilling new wells,” he said.
Also speaking, Mr David Bird, the chief executive officer (CEO) of the Dangote refinery, said the upstream assets could provide a more stable crude supply for the refinery.
“Alongside its upstream interests, the company is seeking to establish its own shipping presence to help reduce logistics costs and improve the reliability of its crude sourcing,” Mr Bird said.
While confirmation has come from the company, the Nigerian government or the Nigerian National Petroleum Company (NNPC) Limited is yet to officially confirm the development.
The 650,000 barrels-per-day facility has been able to get enough feedstock locally under the federal government’s Crude-for-Naira initiative, leading it to source crude from international markets at a premium, which is partly responsible for the high cost of petrol and other fuels.
However, in April 2026, the NNPC said it would increase its crude supply to Dangote Refinery to seven cargoes.
The refinery, on several occasions, has stated it sources the majority of its crude oil outside Nigeria despite being the country’s Naira-for-crude sale deal.
Last month, it said the NNPC only gave it four to five cargoes, which is less than 50 per cent of expected volumes. The majority of Nigeria’s crude is tied to joint ventures with international oil companies.
With the latest development, it would help reduce the dependency on international crude as well as allow Dangote to ease some of its import costs.
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