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
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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