In other words, Bitcoin rate, Bitcoin value or Bitcoin worth. Bitcoin’s value today depends on supply and demand. This is influenced by several factors, including the psychology of market participants and geopolitical events.
The price of Bitcoin therefore naturally grows when more and more people expect a price increase in the future and are therefore ready to buy at increasingly higher prices. On the other hand, Bitcoin’s price falls when more and more people expect a drop in prices and are therefore willing to sell at increasingly lower prices. The Bitcoin price chart shows us the Bitcoin price history and the Bitcoin price today.
The current Bitcoin price is the meeting point between buy orders and sell orders. Buyers who do not have the urgent need for Bitcoin coins are most interested in buying at the lowest possible price, and sellers who do not have an urgent need for profit are most interested in selling at the highest possible price.
In such a scenario, customers place an order to buy Bitcoin at a lower price than the current market price, and sellers place an order to sell Bitcoin at a higher price than the current market price.
Buyers and sellers are willing to wait for their order to be fulfilled, but there is no guarantee for it, as Bitcoin’s price may move far beyond their expectations. Those who are looking for a more secure way, are therefore buying and selling at the current price, as orders are fulfilled so quickly.
Kriptomat offers the lowest possible market BTC price in euros (BTC to EUR).
Check out how to buy Bitcoin on Kriptomat.