Bitcoin

Bitcoin is a digital currency, sometimes referred to as a cryptocurrency, best known as the world's first truly decentralized digital currency. Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates. The traded value of Bitcoin has proven volatile through various booms and busts in demand. Ultimately, however, many see Bitcoin as a store of value against government-backed fiat currencies.

Abbreviated as BTC, Bitcoin is actively traded against the world's major currencies across decentralized markets. Bitcoins are kept in so-called Bitcoin wallets, which depend on private keys and cryptography to secure its Bitcoins to a specific entity or user.

By comparison to government-backed global currencies, Bitcoin remains fairly complex for the typical user to acquire and use in regular transactions. Growing interest and significant global investments in Bitcoin wallet and Blockchain technology have nonetheless made buying and selling Bitcoin far more accessible to the average user. And indeed growing acceptance by government entities have ameliorated the ambiguity of legal and regulatory status for Bitcoin and Bitcoin exchanges.

You can find historical price of Bitcoin on our chart and latest news and analysis on the Bitcoin exchange rate.

View More

BITCOIN chart

BITCOIN chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
4.1
Current
---
Chg. Open Interest
-5.5%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

BITCOIN
S16438 S R39772 S
S25932 S R29385 S
S35622 M R17052 W
Trend
down

News


Chart Setups for Next Week - Bitcoin, Ethereum, Ripple, Litecoin

The Japanese Financial Services Agency (FSA) has ordered six domestic cryptocurrency exchanges to upgrade their internal auditing processes, causing a sharp sell-off across the market.
Continue Reading


Cryptocurrency Webinar: The Calm Before the Storm?


Bitcoin May Reverse Higher Based on Sentiment


Dollar at Fresh Yearly Highs– Levels to Know on USD Majors Post-FOMC


Bitcoin & Litecoin Technical Outlook Continues to Point to Lower Prices


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in AUD/USD, USD/CHF and Bitcoin (BTC/USD)
Expertise: Technical Analysis
Average Time Frame of Trades: 1-3 Days


Get Your Free Introduction To Bitcoin Trading

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Guides Are Headed to Your Inbox

At DailyFX, we believe that the best way to improve is to get your hands dirty . So your guides come with a free demo account from our provider, IG, which you can use to try out trading with zero risk.

Your demo is preloaded with virtual funds, which you can use to trade over 10,000 live global markets.

Learn More about Your Demo

Your guides are headed to your inbox

DailyFX.com – the news, research and analysis website provided by IG – is one of the world's leading sources for news and analysis across currencies, commodities and indices.

Take a look at our extensive calendar of free educational webinars to help develop your trading strategy, then test your new skills, risk-free, with an IG demo account.

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous