Trade Bitcoin / New Israeli Sheqel - BTC/ILS CFD

Bitcoin to Shekel: track BTC to ILS chart live and trade it with CFDs.

The BTC to ILS crypto-to-fiat pair is a match between the cryptocurrency pioneer, Bitcoin, which serves as the base, and Israel’s official currency, the Shekel, which is the counter currency of BTC/ILS. This pair represents how many Bitcoins it would take to buy one shekel.

The New Israeli Shekel, or simply put, the Shekel, resulted from the reintroduction of the currency back in 1985 in substitution of the old shekel, which was significantly devalued due to high inflation rates. The transition involved dividing any record of the old shekel by 1,000 to estimate their value in New Shekels.

Bitcoin, on the other hand, continues to be the most popular and most traded cryptocurrency in the world, with a market capitalisation that exceeds $100 billion, as BTC continues to attract the interest of both investors and companies who are increasingly adopting it as a mainstream payment method.

The Israeli Shekel is among the 30 most traded currencies in the world, even though the trading volume is far lower than other more popular currencies. Nevertheless, there’s enough interest in both currencies to make the BTC/ILS an attractive pair in terms of liquidity and market demand.

Trading BTC to ILS successfully involves forecasting the evolution of the fundamentals that drive the value of each of these currencies. The value of Bitcoin is mostly driven by investors’ expectations regarding the adoption of the currency as a regular payment method in both brick-and-mortar and online stores, and also on how the cryptocurrency is being increasingly adopted as a suitable financial asset for portfolio diversification purposes.

Meanwhile, the Israeli Shekel’s value is driven by monetary policy decisions of the Bank of Israel, along with global capital influxes in and out of Israel, and the political and social stability of the country and the region.

With Contracts for difference (CFDs), you can profit from both negative and positive Bitcoin to Shekel price swings. You can either go short or long, depending on the BTC/ILS rate movement and benefit from the price difference.

Ever since its introduction in 2009, Bitcoin has attracted the attention of regulators, investors, traders, and the public in general as this cryptocurrency has disrupted the way people thought about payment methods in the past by providing a tool that preserves the anonymity of both parties involved in a transaction, while also changing the paradigm of government-regulated currencies to introduce a non-regulated crypto asset.

Bitcoin’s underlying technology, the blockchain, has boosted its credibility as it relies on decentralised distributed ledgers to accurately record and verify every single transaction made with the help of ‘miners’ around the world.

Capital.com’s trading platform provides real-time historical price charts of BTC/ILS to allow traders to analyse potential price patterns and trading signals they can profit from by taking long or short positions on this crypto-to-fiat pair.