What Is BTC/USD Doing Today
BTC/USD is the price of one bitcoin in US dollars. Bitcoin trades around the clock, seven days a week, on exchanges worldwide, with no central bank and a supply capped at 21 million coins. It answers to flows and liquidity first: spot ETF and institutional demand, Federal Reserve policy and the dollar, risk appetite in equities, and the regulatory climate.
Every 3 hours we score the latest Bitcoin and crypto headlines on the same 0 to 100 scale we use for the 8 major currencies, then compare Bitcoin's score with the US dollar score from the same cycle. The gap between the two gives the BTC/USD read: Bitcoin sentiment running ahead of the dollar leans the pair up, the dollar running ahead leans it down.
BTC/USD Profile
- Quote: US dollars per bitcoin
- Contract size: 1 lot is 1 bitcoin on most CFD accounts, with fractional sizes available, so a $100 move is worth $100 per lot
- Pip convention on this site: 1 pip is $1 per coin. Brokers vary, so check your own account specification
- Trading hours: around the clock, seven days a week, on exchanges worldwide. Session calls are published for the Asia, London and New York opens every day, weekends included
- Related markets: ETH/USD and SOL/USD (the wider crypto market), US Tech 100 (risk appetite), XAU/USD (the other scarce asset)
What Moves BTC/USD
Bitcoin reacts to crypto-specific flows and to the macro backdrop of rates, the dollar and risk appetite. Here is what to watch on each side:
Bitcoin (BTC) side
- Spot ETF flows and institutional buying or selling
- Regulation: SEC and court decisions, legislation and exchange licensing
- Exchange and network events: hacks, outages, upgrades and the four-yearly halving
- Large-holder and on-chain flow reports, and stablecoin issuance
- Risk appetite in equities, especially the tech-heavy Nasdaq
US Dollar (USD) side
- Fed (FOMC) rate decisions and the tone of the press conference
- US CPI and PCE inflation prints
- NFP non-farm payrolls (first Friday of the month)
- US Treasury yields, particularly the 2-year and 10-year
- Broad dollar strength: a rallying dollar is a headwind for anything priced in it
Common Questions About BTC/USD
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