The exchange rate for the Nigerian Naira was last updated on June 5, 2023 from MSN. With only 21 million bitcoins ever to be minted, its scarcity can lead to dramatic price changes as demand varies. This is exacerbated https://topbitcoinnews.org/what-is-bitcoin-and-why-is-the-price-going-up/ by “whales” or large holders of Bitcoin, whose sizable transactions can sway the market considerably. Our converter updates in real time giving you accurate data every time you use it to make a conversion.
- The BTC to NGN conversion rate today is NGN 35,953,187.12 and has increased by 1.95% in the last 24 hours.
- Bitcoin is trading for $43,072 at time of writing, up 4.92% in the last 24 hours.
- Secondly, Bitcoin’s value depends on public sentiment and speculation, leading to short-term price changes.
- Live tracking and notifications + flexible delivery and payment options.
- The next Bitcoin halving is expected to take place in April 2024.
- Bitcoin was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto.
A recent Matrixport has compared Bitcoin’s performance to that of a few crypto firms, highlighting their year-to-date (YTD) increases. According to a Matrixport report, Bitcoin has already significantly outperformed the Nasdaq at +150%, over 53%. Current data from MarketWatch shows that Bitcoin has crossed 160%.
Price of BTC today
Click on Nigerian Nairas or Bitcoins to convert between that currency and all other currencies. The BTC to NGN conversion rate today is NGN 35,953,187.12 and has increased by 1.95% in the last 24 hours. This website is using a security service to protect itself from online attacks. https://currency-trading.org/education/how-to-get-flare-airdrop-claiming-the-flaredrop/ The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Bitcoin is trading for $43,072 at time of writing, up 4.92% in the last 24 hours.
- Miners validate transactions by solving complex mathematical problems with computational power.
- [+] in 2022 and pushing up the price of ethereum, BNB, XRP, solana, and other major cryptocurrencies.
- This Bitcoin and Nigerian Naira convertor is up to date with exchange rates from December 20, 2023.
- The first miner to find the solution receives a cryptocurrency reward, thus creating new bitcoins.
- You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks.
Our currency rankings show that the most popular Bitcoin exchange rate is the BTC to USD rate. There is no official ISO code for Bitcoins, although BTC is commonly used. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods.
The creator of Bitcoin remains an enigma, known only by the pseudonym Satoshi Nakamoto. Bitcoin’s innovation emerged in 2008 when Nakamoto released the whitepaper outlining the cryptocurrency’s decentralized, peer-to-peer structure, and use of blockchain technology. In 2009, Nakamoto mined the first Bitcoin block, and on January 12th of the same year, the inaugural Bitcoin transaction took place. Despite numerous investigations and speculations, the true identity of Satoshi Nakamoto has not been disclosed. The Nigerian Naira is the currency in Nigeria (NG, NGA). The exchange rate for the Bitcoin was last updated on December 20, 2023 from coinmarketcap.com.
Cryptocoin to Naira Rates
Bitcoin was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. The digital asset is based on a decentralized, peer-to-peer network and blockchain technology, allowing https://cryptonews.wiki/news-on-bitcoin-hard-fork-bitcoin-network-fee/ users to securely and anonymously send and receive transactions without intermediaries. Satoshi Nakamoto released the Bitcoin whitepaper in 2008, outlining the design and principles of the cryptocurrency.
Convert BTC to Other Currency Units
Hype around the possible approval of a long-awaited bitcoin spot ETF has helped fuel a bitcoin price surge that some fear could lead to a major sell-off in the new year. Historically, Bitcoin’s price has tended to increase in the months leading up to halving, as investors and traders anticipate a supply shock. After halving, the price may continue to rise if demand remains strong and outstrips the reduced supply. Other factors such as market sentiment, regulatory developments, and global events can also impact the price of Bitcoin.
Bitcoin to Naira Exchange Rates
However, Thielen says that Bitcoin crossing its all-time high and hitting $70,000 could push the stocks up to a whopping 572%. The exec states that, in general, a basket of Bitcoin companies, including Coinbase and a few miners, returned +266%. The bitcoin price has surged this year, pushing up the price of ethereum, BNB, XRP, solana, and …
The block height refers to the number of blocks preceding a particular block in a blockchain. Bitcoin halving happens every 210,000 blocks and the next Bitcoin halving is expected to occur in April 2024 when the block height reaches 840,000. Bitcoin halving occurs approximately every four years, where the rewards given to Bitcoin miners for mining blocks are cut in half. Halving was built into the Bitcoin protocol to maintain its value as a deflationary currency. By reducing the amount of new bitcoins, the protocol aims to prevent the devaluation of Bitcoin over time, which often happens with inflationary currencies.
Popular Bitcoin (BTC) Currency Pairings
Follow our Bitcoin Halving Countdown to know how Bitcoin halving works. The live price of Bitcoin (BTC) is updated and available in real time on Binance. BlackRock has helped the bitcoin price surge higher this year, recovering much of the ground it lost … [+] in 2022 and pushing up the price of ethereum, BNB, XRP, solana, and other major cryptocurrencies. The next Bitcoin halving is expected to take place in April 2024. It’s difficult to predict the exact date as it depends on the block height.