CAD/BTC: what to know
The CAD/BTC rate shows how much BTC you get for 1 CAD. Right now, 1 CAD buys 0.00000938646 BTC at the mid-market rate. In the other direction, 1 BTC is worth 106,536.48 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while BTC responds to crypto-market sentiment and liquidity.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The supply is capped at 21 million coins.
Over the past 12 months the CAD/BTC rate has ranged between 0.00000574312 and 0.0000120217 — a change of +50.57% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.