The real-time price of bitcoin is 38,767.06 USD, with a 24-hour trading volume of 29.74 billion dollars. In the previous 24 hours, BTC has gained 1.84 percent. It is presently trading at -14.17 percent of its all-time high of 45,165.23 USD and 4.28 percent of its all-time low of 37,176.88 USD. BTC has a circulating circulation of 18.98 million coins and a maximum supply of 21 million coins.
Bitcoin (BTC) is the first cryptocurrency based on a distributed ledger (blockchain) and a proof-of-work mechanism that is not backed by a central bank or government. It was created by "Satoshi Nakamoto," a pseudonym for an individual or group of individuals, who published the whitepaper on October 31st, 2008.
Bitcoins are a digital currency that may be used for peer-to-peer electronic transactions and traded for products and services with sellers who accept Bitcoins as payment.
The Bitcoin price page is part of the Crypto.com Price Index, which includes the top cryptocurrencies' price history, price ticker, market cap, and live charts.
With up to six decimal places of accuracy, CoinDesk's Bitcoin and other Cryptocurrencies Calculator calculates exchange rates between major fiat currencies and cryptocurrencies, such as BTC, BCH, ETH, and XRP to USD, EUR, GBP, IDR, and NGN. The conversion rates are based on CoinDesk's Bitcoin Price Index and other digital asset price indices. The prices of world currencies are calculated using Open Exchange Rates.
Why is the BTC/USD currency pair so significant to traders?
The BTC to USD crypto-to-fiat currency pair is the cryptocurrency market's gold standard. Bitcoin has proven to be the most valuable cryptocurrency in terms of market capitalization and pricing since its introduction in 2009. In turn, the US dollar is the most widely traded fiat currency on the planet.
The crypto market, including Bitcoin, is incredibly volatile, allowing for a lot of speculation. Given the prevalence of BTC/USD exchange transactions, traders have a plethora of options to benefit from the pair's trading.
Trading BTC for USD is the best option to invest in Bitcoin.
The BTC/USD crypto-to-fiat pair's high volatility makes it a viable alternative to traditional Forex markets. Bitcoin traders can always profit from price fluctuations in the cryptocurrency. You can profit from the price difference by going long or short, based on the Bitcoin to USD price movement.
Bitcoin consolidates its position as the world's top cryptocurrency, having shown to be a profitable investment. With a 60% increase in less than two months of 2019, investors are optimistic about Bitcoin's future price. BTC can be traded with 100x leverage and a narrow spread at Currency.com.
Overview of Bitcoin
Bitcoin, which debuted in 2009 as a new sort of digital currency, has steadily grown in popularity around the world. Bitcoin transactions are conducted without the need of a middleman, i.e., no banks or other governmental entities are involved. Bitcoin, in addition to being a payment network and a store of wealth, provides excellent trading opportunities.
Bitcoin was launched in April 2010 at the first cryptocurrency exchange, BitcoinMarket.com, at a price of $0.003. Later on, the price climbed considerably, resulting in over 1,000% profits for the original owners.
In 2017, the price of Bitcoin increased by more than 220 percent, reaching about $20,000. During the 'Crypto Winter' of 2018, Bitcoin fell significantly, losing more than 60% of its value and dropping to a $3,000 level. On April 14, 2021, Bitcoin hit an all-time high of slightly over $64,800. In July, BTC fell below $30,000, but by October, it had risen to $60,000. The Bitcoin Price Chart displays the current Bitcoin to USD exchange rate.
Overview of the US Dollar
The base currency in the Bitcoin to Dollar pair is BTC, and the counter currency is USD, hence the chart displays how much Bitcoin is worth when measured against the USD.
The US dollar is the most powerful currency in the world, accounting for more than 88 percent of all central bank foreign reserves. The US dollar also dominates the foreign exchange market, accounting for about 90% of all transactions. It accounts for almost 80% of the world's currency reserves when combined with the Euro.
The US Federal Reserve's policies has a direct impact on the value of the US dollar. Outstanding political developments may also lead to a drop in the dollar's value.
Those interested in trading the Bitcoin to Dollar pair should keep an eye on the newest crypto market news as well as the US Federal Reserve's interest rate and monetary policy announcements.