As Q2 nears its end, the Bitcoin price has never risen above ₦170 million, and the big question is whether the digital currency will reach ₦200 million. The ETF inflows, stable institutional demand, and macroeconomic signs are in place for a break to the upside to happen. 

Ethereum has also been experiencing a low-key recovery, although Bitcoin remains the market leader. For Nigerian investors who are experiencing currency devaluation and a growing interest in cryptocurrency, the final weeks of the second quarter may shape the rest of the year. It is time to review how these cryptocurrencies performed and their prospects.

Bitcoin Price Performance in Q1 2025

During the first quarter of 2025, Bitcoin performed well, despite the market’s fluctuations. Just before the start of the year, the value of one Bitcoin was approximately ₦130 million. In January, the price of Bitcoin experienced a sharp increase, reaching nearly ₦170 million by the beginning of February. It was further spurred by refinancing and a surge in institutional interest, as well as the high inflows of ETFs and growing optimism towards U.S. monetary policy.

Coingecko

However, in March, an excellent correction took place. The global market attitude and immediate profit-taking resulted in the reduction of the Bitcoin price to below ₦140 million. The Bitcoin price remained within a narrow range of ₦130M to ₦170M, providing traders and investors with an opportunity to trade in the cryptocurrency. The ability to cope with the March dip is indicative of high underlying demand, especially among long-term holders and those in Nigeria.

Bitcoin Q2 2025 Ending Outlook

Following an excellent Q1, during which the price of Bitcoin rose to nearly ₦170 million, starting at an approximate value of about ₦130 million, Q2 has been conservative yet generally bullish. By June 27, the price of a bitcoin is approximately ₦166 million, which translates to it maintaining the majority of its proceeds, despite its short-term declines.

In the current chart, one can observe a trend of increasing lows and tight consolidation within essential support levels. The ₦150M-₦155M region, which saw price action in April and May, was pierced numerous times and then recovered, particularly after a reaction to a local low point very early in June. Resilience in the region can be seen as a sign of considerable purchasing power.

The quantity has decreased from its peak in March, but the moving averages (especially those for 30 and 60 days) are still rising, thus supporting the higher trend. If Bitcoin can surpass ₦170M without any difficulty, then the next target could be ₦185M or even more by the end of July.

For Nigerian traders, this signals that Q2 is shaping up as a consolidation phase after Q1’s explosive gains. However, the trend remains positive, and with ETF inflows and global momentum building, Bitcoin may be poised for another leg higher, possibly setting the stage for Q3 to break new all-time highs in Naira.

Ethereum Q1 2025 Price Performance 

Q1 2025 has been a mixed but eventful quarter for Ethereum (ETH). ETH began the year at around ₦5.5 million and reached its high early in the quarter at ₦6.5 million, driven by the strong performance of Bitcoin and confidence in altcoins. But the price began to reverse itself in late February under pressure of market correction.

The most significant decline of the quarter was recorded in March. Ethereum dropped to below ₦4 million and, towards the end of the quarter, to ₦3 million. A stagnation in inflows of ETFs and profit-taking among institutional investors also accompanied this weakening. The risk mood in the market was also slightly altered, as Bitcoin had slowed down after reaching its peaks.

Ethereum nonetheless demonstrated the signs of strength against this downward trend. It was consistently supported above ₦2.9M up to ₦3.2M, indicating that those buying were entering the market. The fundamentals were the same, and Ethereum’s network activity was at the same level. Also, interest in DeFi and Layer 2 platforms remained high.

At the time of writing, ETH could be bought at the price of ₦3.2M to ₦3.5M, which translates to approximately a 40% decline since its peak in Q1, but remains higher than it was during the middle of 2024. On the whole, Ethereum’s Q1 can be described as a period of consolidation following a positive 2024, which is why Q2 may become the quarter during which the asset initiates its uptrend.

Ethereum Price Forecast in Q2 2025

As the end of Q2 2025 approaches, the Ethereum price has begun to recover, indicating a promising future ahead. At the beginning of April, Ethereum had fallen to ₦1.3 million and then rallied significantly to reach its peak of ₦2.8 million in mid-May. It has since retreated but is currently trading at approximately ₦2.43 million as of June 27, above short-term support.

Ethereum’s price has followed the growth of network usage and positivity towards Layer 2 solutions, as well as speculation surrounding the potential approval of ETH ETFs in Q2. The increased volumes in prominent rallies, such as those in early May, indicate increased attention from larger investors.

According to the technical chart, it is clear that ETH has tested the 60-day moving average, and the company is trying to recover on the 30-day line. The RSI is neutral, and further upside is possible if bullish momentum resumes. Provided that Bitcoin does not lose above ₦160M, Ethereum can repeat the rally to the ₦2.9M range with ease again, possibly even getting to test ₦3M.

As far as Nigerians are concerned, Ethereum is one of the few non-leader coins with actual business applications and a potential for long-term growth, which makes it an ideal investment in any diversified cryptocurrency portfolio.

Can Bitcoin Realistically Hit ₦200 Million?

Following a significant rise in the value of Bitcoin to 166 million Naira as of June 27, 2025, many Nigerian investors are wondering whether BTC may soon reach 200 million Naira.

The answer is: Yes, it is doable. BTC would need a rise of almost 20% to ₦200 million from its present levels. That isn’t an unusual growth, given the history of Bitcoin and the current market conditions, which are currently bullish.

A great technical basis is present. Bitcoin has been trading within tight ranges above the larger technical support prices, with the Bull and Bear Index (BBI) at ₦105.7 million and the Bollinger Band midpoint at ₦ 105.8 million. Another factor is that the price has also been indicating strength in the current trend by continually trading above its 30-day and 60-day moving averages.

What’s more, institutional demand is surging. Bitcoin ETFs have pulled in over $4 billion in inflows this month alone. Global appetite for BTC is growing, and that demand often translates to sharp upward moves, especially in tightly coiled markets like this.

If BTC can break cleanly above the ₦170 million mark with substantial trading volume, ₦200 million could be the next significant milestone. For Nigerian traders watching closely, Q3 might be the breakout quarter.

What Nigerian Investors Should Anticipate

For Nigerian investors closely watching the crypto markets, the rest of 2025 could be defined by a strong Bitcoin-led rally. Bitcoin has maintained a value above ₦160 million for weeks, demonstrating resilience despite short-term volatility. If the current trend holds and ETF inflows continue, BTC could test the ₦180M–₦200M range before year-end. This would likely trigger movement across altcoins, but BTC will set the tone.

With the naira under pressure and traditional assets offering limited returns, Bitcoin remains the dominant hedge. Nigerians using platforms like Dtunes can easily convert BTC to naira, take profits when needed, or swap for stablecoins. As we approach Q3, expect more volatility, short squeezes, and possibly a breakout if the U.S. Fed shifts its rate stance.

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If you’re holding, reviewing, or ready to buy the dip, keep your eye on BTC first. Subscribe to the Dtunes blog for smart market breakdowns, BTC-to-naira tips, and real-time alerts made for Nigerian crypto users.

FAQs

1. What was Bitcoin’s highest price in Q2 2025 (in Naira)?

₦170 million, recorded in early April.

1. What is Ethereum’s current price in Naira?

As of June 27, 2025, Ethereum trades between ₦ 2,430,000 and ₦ 2,500,000.

3. Can Bitcoin realistically hit ₦200 million?

Yes, with strong ETF inflows and market momentum, it only needs a ~20% gain from current levels.

4. Why is the inflow of ETFs important for BTC?

It shows institutional confidence and increases market liquidity, often driving price growth.

5. Is now a good time for Nigerians to invest in crypto?

With Bitcoin stable above ₦160M and Ethereum showing signs of recovery, it’s a strong setup for Q3.

Written by the growth team at Dtunes – Africa’s crypto-to-naira platform.