USD/BTC: what to know
The USD/BTC rate shows how much BTC you get for 1 USD. Right now, 1 USD buys 0.000012 BTC at the mid-market rate. In the other direction, 1 BTC is worth 80,778.65 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while BTC responds to crypto-market sentiment and liquidity.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The supply is capped at 21 million coins.
Over the past 12 months the USD/BTC rate has ranged between 0.000008 and 0.000017 — a change of +36.23% 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.