Bitcoin Price Crashes After a Brutal Week of Losses

Bitcoin remains one of the most popular cryptocurrencies, but it has lost around one-third of its value between 2025 and date. This week, however, appears to be the most tumultuous yet, as Bitcoin continues its steep fall, racking up even more losses.

So far, the digital currency was down nearly 14% on Friday morning, drifting at about $62,900 as of 01:00 GMT.

The slide continues a run of sharp losses that kicked off last weekend, when Bitcoin fell below $80,000, signaling a drop of about one-third in value since the start of the year.

You’d recall that the value of Bitcoin skyrocketed after U.S. President Donald Trump was re-elected, largely because investors expected Washington to adopt a more crypto-friendly regulatory regime. At the time, the digital currency surged past $100,000 for the first time in December 2024.

Unfortunately, the digital asset has been on a downward spiral since October 2025, when it hit an all-time high of over $127,000. Ongoing geopolitical tensions and regulatory uncertainty have continued to weigh on the market. As of January 6, 2026, Bitcoin is now valued at between $67,000 and $68,000.

How Much Is One Bitcoin in Nigeria Today?

At the current rate, one Bitcoin valued at $67,226.05 is worth several tens of millions of naira, depending on the dollar exchange rate and the platform used for conversion. One Bitcoin in Nigeria should could about ₦91,951,355.57.

At the current rate, one Bitcoin priced at $67,226.05 is worth approximately ₦91.9 million in Nigeria.

$67,226.05 ≈ ₦91.9 million
(based on an exchange rate of about ₦1,367.79/$1)