Bitcoin (BTC) traded at $68,420 as of 14:00 WAT, down 0.3% in the past 24 hours but holding comfortably above the psychologically significant $65,000 support level that analysts identified as critical for the medium-term uptrend.
US spot Bitcoin exchange-traded funds registered net inflows of $1.83 billion across the past five trading days according to data from BitMEX Research, their strongest weekly performance since early April when BTC first breached $70,000.
BlackRock's iShares Bitcoin Trust (IBIT) led all products with $890 million in net inflows for the week, while Fidelity's FBTC recorded $420 million. Combined, the 11 approved spot ETFs now manage $63.4 billion in assets under management.
In Nigeria, peer-to-peer Bitcoin trading volumes on Binance P2P reached ₦42 billion for the week, up 18% week-on-week, as naira holders sought USD-denominated store of value amid continued currency volatility.