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BTC Price in EUR
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Bitcoin price overview

The current Bitcoin price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Bitcoin is based on a market capitalization of loading EUR. Bitcoin has a circulating supply of loading. The highest recorded Bitcoin price is loading EUR. And the lowest recorded BTC price is loading EUR.

How do Bitcoin price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

In 2008, an anonymous inventor using the name Satoshi Nakamoto introduced the world to an entirely new type of asset class: cryptocurrency.

Nakamoto proposed a new kind of currency, which he called Bitcoin. He conceived BTC as an all-electronic store of value that couldn’t have existed before the internet.

There were electronic currencies before Bitcoin. And Nakamoto did not invent the cryptography or networked blockchain technology data structure that supports Bitcoin. But he was the one who put them together and launched a revolution that would rock individuals and countries alike, challenging their understanding of money itself.

Starting at the beginning

So what is Bitcoin? Why do we think of it as something new? Because it was the first cryptographically secured blockchain currency. When Satashi Nakamoto posted the genesis block to the public blockchain, Bitcoin became the world’s first cryptocurrency, and that has been enough to give Bitcoin market dominance in the crypto world. Millions of blocks have been added. The value of the circulating supply is measured in hundreds of billions of euros. Every day, more retailers accept Bitcoin payments. Years after it was launched, it is still the most widely used cryptocurrency.

Satoshi’s Bitcoin white paper presented a new world of possibilities for a blockchain-based store of value to deliver advantages over legacy currencies and financial systems – as a general-purpose currency and for other use cases. It also created a lot of confusion. Bitcoin doesn’t represent shares in a company as stocks do. It isn’t issued by a government like dollars or yuan. The Bitcoin network isn’t backed by a physical asset like gold or oil.

In 2010, Satoshi Nakamoto turned over the Bitcoin network alert key, the open-source code, and ownership of the code repository to a collaborator named Gaven Andresen. Then he vanished, taking thousands of BTC with him. The Bitcoin blockchain ledger shows that none of that BTC has been spent or transferred to a fiat bank account. It’s billions of euros sitting idle in the Bitcoin inventor’s wallet. Since he left the project, Bitcoin’s value has soared. Its highest historical market cap was over 1.2 trillion euros.

All of this leads to questions. How much is Bitcoin worth? What coin metrics determine the cost of a single BTC? Why does Bitcoin have such extreme volatility? How is the pounds to Bitcoin exchange rate calculated? How is it that this cryptocurrency works as a store of value at all?

If you’ve wondered about questions like these, you have come to the right place. We’ve compiled all the Bitcoin news and everything you need to get a better understanding of the intricacies of BTC’s price and the factors that influence it.

Bitcoin price history

The value of Bitcoin has been on a wild ride since the crypto began trading. The cryptocurrency world has proved to be far more volatile than the stock market, often experiencing swings of 10% or more in a single day – sometimes much more. Compared to Bitcoin, stock prices change minimally and slowly.

At its inception, Bitcoin was worth less than a cent. In May 2010, a hungry Bitcoin owner named Laszlo Hanyecz famously paid 10,000 BTC for two pizzas in the first real-world Bitcoin transaction. The blockchain spent its first years hosting essentially free Bitcoin.

The BTC price level flirted with zero for a while, and then a price increase finally boosted it past the symbolic $1 mark in February 2011, establishing a BTC-to-USD ratio of one to one. A few months later, Bitcoins were trading for more than 10 euros each.

In 2013, the value of Bitcoin first topped 100 euros. By the end of the year, Bitcoin’s price was rocketing toward 1,000 euros.

Any Bitcoin chart showing the BTC exchange rate over time will record that the cryptocurrency languished for three years before embarking upon a bull run in 2017. By the end of the year, a single Bitcoin was worth 17,000 euros.

When the Bitcoin exchange rate rose more than 1,900% in a single year, the world took notice. It became common to see a Bitcoin calculator on web pages devoted to tracking world currencies. The Bitcoin converter was intended to tell investors and the public what the cryptocurrency was currently worth. The Bitcoin to USD price ratio made headlines every time it rose or fell by a few percentage points.

Government agencies, economists, and journalists began taking Bitcoin seriously, though most of the financial establishments remained skeptical. Editorials appeared in business journals whenever the Bitcoin exchange rate changed. Few established voices considered BTC worth the gamble.

Their skepticism was rewarded when Bitcoin’s value fell by 50% suddenly in an epic crash following the 2017 high. Once again, the price cycle moved through a long static period, with prices dipping as low as 2,500 euros per Bitcoin.

Another rise and fall followed in 2020 and again in 2021, as you can see in the Bitcoin chart on this page.

History shows that Bitcoin value has changed in repeated cycles. There’s a period with little change, a dramatic spike, a correction that erases much of the sudden gain, and a relatively rapid climb to establish a new stable price.

Sometimes these cycles take years, and sometimes they are complete in a few months.

What is clear is that although some of the established financial community has retained its skepticism, Bitcoin has outperformed the stock market and major commodities over the long term. The value of Bitcoin today continues to rise.

Over the 10 years that ended 1 July 2021, Bitcoin’s price grew at a compound annual growth rate of 116.41%. Gold? 1.82%. Nasdaq? 17.77%. Data like this makes Bitcoin worth consideration from any serious investor.

Analyzing Bitcoin’s price history

Bitcoin’s historical prices can be analyzed with many of the techniques used by brokers and investors to analyze stock performance.

Technical analysis involves looking at a BTC chart to make sense of previous price movements. With Bitcoin, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell coins on crypto exchanges

Fundamental analysis, on the other hand, is based on tracing the effects of world events and economic conditions on Bitcoin’s price. For example, Bitcoin’s value generally responds to government announcements of stricter or looser regulations on cryptocurrency trading.

Public statements and videos from celebrity investors always make news, and they seem to have a major impact on the Bitcoin exchange rate. Bitcoin’s record-setting rise and fall in 2021 coincided with Tweets by Tesla CEO (and crypto enthusiast) Elon Musk.

Crypto news can affect prices even if it’s relevant to the crypto market as a whole. Rumored regulatory changes, endorsements by entertainers, and highly publicized projects – even tangentially related blockchain projects like NFTs – underscore Bitcoin’s potential and nudge prices higher.

Factors influencing the Bitcoin price

Many other factors can affect the value of a Bitcoin. 

Bitcoin has a fixed total supply, so it is resistant to the inflation that plagues fiat currencies. This suggests that Bitcoin can sometimes outperform traditional currencies over the long term. 

The price of Bitcoin also sometimes moves with or in response to changes in the wider economy.

Price volatility is a fact of life in the Bitcoin economy. The currency has a history of record high prices followed by extended lows – “Bitcoin winter” – but the highs and lows come according to their own cycles that have little or nothing to do with the economy’s bull market and bear market trends.

There are exceptions, but the crypto market as a whole tends to follow Bitcoin’s price moves. Partly this is because Bitcoin’s market cap accounts for more than a third of the crypto market as a whole.

Environmental concerns and news events have led some crypto users to consider alternatives to Bitcoin. The carbon footprint of Bitcoin mining is substantial because of the high energy consumption of the high-speed computer equipment needed to set up Bitcoin mining rigs. Minters have relocated to be closer to renewable energy sources to minimize the environmental impact.

Ethereum has switched from its energy-intensive proof-of-work consensus mechanism to an environmentally friendly proof-of-stake mechanism, so the Ethereum vs. Bitcoin question weighs on the minds of crypto users. Other cryptocurrencies have been environmentally friendly from the start.

BTC’s worth is also subject to halving events. These scheduled adjustments, in which the number of Bitcoins awarded to miners as a block reward for processing transaction data is cut in half, take place every four years. Halving events have correlated with temporary rises in Bitcoin value, though the rises could be explained by other factors. Sometimes the changes are nothing more than a dollar or two per coin.

Adoption by investors is another clear contributor to Bitcoin value. In 2020 and 2021, companies like MicroStrategy, Square, and Tesla made headlines by executing large Bitcoin purchases.

A significant portion of all Bitcoins are held in the treasuries of public and private companies and ETF-like trusts. In addition to lowering the circulating supply of BTC assets available on the open market, institutional Bitcoin investment could inspire confidence in the cryptocurrency and encourage more retail investment – which is another important driver of Bitcoin’s price.

All of these factors influence the Bitcoin price – and the prices of other cryptocurrencies – today. They all influence investment decisions in the cryptocurrency market, and those decisions ultimately determine the market price.

How to invest in Bitcoin

Bitcoin’s market cap, its large circulating supply, and the high volume of Bitcoin transactions have attracted individual and corporate investors. The balance sheets of many companies (and, according to surveys, most of the world’s billionaires) now include strategic amounts of Bitcoin purchased as an investment. These investments are reflected in Bitcoin’s high 24-hour trading volume. And of course, they boost the currency’s market cap.

Investing in Bitcoin is simpler in some ways than fiat currency investing. Sign up for your free Kriptomat account and make your first BTC purchase. It’s as simple as ordering a pizza.

Simply define your investment objectives and trading purposes, then make your transactions. You’ll be pleased with the low trading fee for crypto funds compared to what financial asset managers and bankers charge.

Today the crypto investing environment is quite complex. Advanced tools like dollar cost averaging and derivatives trading are readily available. Thousands of cryptocurrencies compete for your attention and your euros. You can even invest fiat funds in a Bitcoin ETF – a broker-managed fund made up of crypto-related stocks.

Live Bitcoin value and market cap

The Bitcoin value compared to the prices of other fiat and crypto currencies varies from moment to moment, as it is dictated by the transactions of buyers and sellers on exchanges. The price is always expressed in dollars, euros, or other fiat currencies, as it currently requires the services of an exchange, or Bitcoin converter, to transform the cryptocurrency into spendable cash.

Bitcoin price FAQ

What is the highest Bitcoin price in EUR?

Bitcoin price history shows that BTC has recorded a peak value of loading EUR.

What is the lowest Bitcoin price in EUR?

BTC price history shows that loading EUR EUR is the lowest recorded Bitcoin value.

How can I buy Bitcoin?

You can purchase Bitcoin and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Bitcoin. It’s available for immediate purchase at the current BTC price quote of loading EUR. Current prices are always displayed in the BTC chart.

What is the current Bitcoin price in EUR?

Kriptomat data confirms that the current Bitcoin price is loading EUR.

How is Bitcoin’s price calculated?

You don’t need a BTC calculator to see Bitcoin’s price. The price is displayed on the BTC price chart, and it is ultimately defined by transactions conducted at exchanges. When more people are buying coins than selling them, the price goes up, and when more are selling than buying, the price goes down. This is shown in any historical crypto price graph. Graphs also report the total value of all Bitcoins that have been created through mining operations – this figure is the market cap.

Why is Bitcoin’s price different on different cryptocurrency exchanges?

Bitcoin’s price is based purely on trading. There is no standard registry to determine the global cryptocurrency or Bitcoin price, so there is no official price for any exchange to display. The 24-hour trading volume and liquidity are different at each exchange, affecting the relative value of Bitcoin and other digital assets. The differences are usually small, so there is rarely a reason to change where you sell or buy Bitcoin.

When will the next halving happen?

The most recent halving occurred on 11 May 2020 and the next one is expected to happen in the spring of 2024. Historically, halving has had little or no impact on Bitcoin’s value or market cap.

When will the maximum supply be reached?

The number of Bitcoin assets minted per block to reward miners will continue to halve roughly every four years until 21 million BTC coins have been minted. This is expected to happen around 2140.

Is Bitcoin subject to forking?

A cryptocurrency forks when it is split across two versions of the blockchain that hosts it. Several Bitcoin forks already exist. Among the currently thriving Bitcoin forks are: Bitcoin Atom, Bitcoin Cash, Bitcoin Classic, Bitcoin Diamond, Bitcoin Gold, Bitcoin Post-Quantum, Bitcoin Private, Bitcoin SV, Bitcoin Unlimited, Bitcoin XT, Bitcoin Zero, Bitcore, Segregated Witness (SegWit), Super Bitcoin, and Taproot.

What will BTC be worth in the future?

Any number of things could affect the amount you pay for BTC in the future, including regulatory changes, the rate of adoption by retail and institutional investors, and the rollout of scalability solutions. Bitcoin’s price is as variable and unpredictable as ETH gas fees. Future price predictions vary depending on the source.

The bottom line

The value of Bitcoin has been on a wild ride from the very start. Extreme volatility has led to periodic surges and crashes. The current value of Bitcoin is derived from the balance of supply and demand in the markets, and it constantly changes.

Ready to get started? Register for a free account with Kriptomat to begin your journey into the exciting world of cryptocurrencies!

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This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
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