Bitcoin / USD
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The BTC/USD pair matches the world’s foremost cryptocurrency, Bitcoin, with one of the most influential fiat currencies – the American dollar. The pairing represents how many dollars (the quote currency) are needed to buy one bitcoin (the base currency).
Established in 2009, Bitcoin is known as the most prominent and widely accepted digital coin. Despite the emergence of many rivals, it boasts a crypto market share of about 70 per cent. However, even after a decade in existence, BTC still remains very volatile, offering huge potential for speculation.
On the other end of the pair is the American dollar, the world's primary reserve currency. Usually considered a benchmark, it is readily accepted in transactions across the globe. It is the most traded currency in the international foreign exchange market in terms of turnover, making up almost 90 per cent of global forex trading.
Follow the Bitcoin price today in USD at Capital.com to spot the best trading opportunities.
Its unique properties make the BTC/USD pairing one of the most popular crypto-to-fiat currency pairs in the market. Throughout the years, Bitcoin has proven to be a lucrative investment, cementing its position as the world's leading cryptocurrency and the industry’s gold standard.
The ultra-volatile nature of the pair makes it a strong alternative to traditional forex markets. You can stay on top of the pair’s rate with our BTC/USD live chart and trade it with tight spread and high leverage.
The BTC/USD pair is influenced by a number of factors, including news about either of the currencies.
The USD is directly affected by the US financial and political situation, news and events. An unstable political climate could lead to a decline in the value of the dollar. It is crucial to follow the latest updates from the US Federal Reserve (the Fed), especially regarding interest rates and monetary policy.
As the cryptocurrency is not tied to any particular country, the geopolitical and economic factors have little to no bearing on Bitcoin. Instead, you should keep an eye on its adoption rates, demand, regulations and market sentiment.
Meanwhile, outside factors like institutional investors, those who process large volume transactions and an increased interest from Asia are also set to impact Bitcoin’s prices, influencing the pair’s rate.
You can explore the Bitcoin/US dollar chart and speculate on the BTC/USD rate today at Capital.com.
In April 2010, BTC was launched at the first cryptocurrency exchange, BitcoinMarket.com, with a starting price of $0.0025. Shortly afterwards, the coin started to soar, generating more than a 1,000 per cent earnings to its initial owners.
2013 saw Bitcoin’s first price spike during which it rose from $250 in April to $1,200 in November. That same month it was reported that Bitcoin moved more money internationally than payment giant Western Union (WU).
In 2017, despite security challenges, such as exchange hacks, the popularity and price of Bitcoin continued to climb. Back then, the Bitcoin rate in USD surged by more than 220 per cent, reaching a whopping $20,000 in December.
The coin fell dramatically during the infamous crypto winter of 2018, when it lost more than 60 per cent of its value and dropped to $3,400 by February 2019. However, Bitcoin value in USD then recovered once again to end the year at $7,210.
Another steep dip happened in March 2020, when BTC dropped as low as $4,575.
With Capital.com’s Bitcoin price chart in USD, you can not only quickly view the current BTC/USD rate, but also trace the pair’s rate in historic terms.