Crypto Market Update: Exchange Rates in Naira for May 16, 2025

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The cryptocurrency market remains a focal point for Nigerian investors as fresh exchange rate data highlights the latest prices in Naira (₦). As of 11:00 AM today, here are the average rates for major cryptocurrencies:
  • Bitcoin (BTC): ₦174,623,749.266 per coin
  • Ethereum (ETH): ₦4,473,220.184 per coin
  • Solana (SOL): ₦269,381.221 per coin
  • Tether (USDT): ₦1,679.780 per token
  • USD Coin (USDC): ₦1,679.267 per token
Bitcoin continues to lead with a towering price, reflecting its status as the market’s flagship asset. Ethereum holds strong, driven by its blockchain’s widespread use in decentralized applications. Solana, a rising star, maintains a competitive price, appealing to investors eyeing high-performance networks. Stablecoins USDT and USDC, pegged to the US dollar, offer stability amid market volatility, with nearly identical Naira values.
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