BTC/GBP
Why BTC/GBP Is So important For Traders
BTC/GBP pairs Bitcoin, the world’s leading cryptocurrency with the British Pound, one of the world’s most influential fiat currencies. After emerging in 2009, Bitcoin continues to be the most popular and widely accepted cryptocurrency with a market share of around 70%. BTC remains very volatile, offering great potential for profitable returns.

The British pound is one of the most economically and financially important fiat currencies being the fourth-most traded currency in terms of turnover and the third-most widely held reserve currency worldwide.

BTC/GBP is one of the most popular crypto-to-fiat currency pairs in the market, offering attractive opportunities to traders.

BTC/GBP Trading: A Great Way to Invest in Bitcoin

Although the volume of BTC/GBP trading is lower than BTC/USD, its highly volatile nature makes it a good alternative to the traditional Forex markets.

Bitcoin traders can take advantage of BTC price swings and earn a profit. They can go long or short according to the way GBP is moving and profit from the price difference. Bitcoin got off to a strong start in 2020 and with Bitcoin futures volume also increasing, the currency pair is set for more growth in the future.

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Bitcoin Summary

Bitcoin is the world’s number one cryptocurrency. Due to the fact it is decentralised, transactions do not require a middleman. This means no banks or other authorities are involved. As well as being an alternative payment method and store of value, Bitcoin offers potentially-lucrative opportunities for traders.

Bitcoin Key Facts

Launched in 2009

The first decentralised cryptocurrency

Created by Satoshi Nakamoto

80% of all Bitcoins have already been mined

The maximum number of Bitcoins is 21 million

GBP Summary

The British pound is one of the strongest, stable fiat currencies worldwide and the fourth most-traded currency in the Forex market after the USD, EUR and JPY.

Its value is influenced by general market factors, such as the GDP figures, interest rates and speculation surrounding future developments.

Those interested in trading BTC/GBP are advised to keep an eye on crypto market news as well as an economic/political event calendar, especially Bank of England releases which can have a marked impact on the value of GBP.

Daily Change
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Market Info
Min. deal size: 20 USD equivalent
Full pair name: Bitcoin to British pound
Base currency: BTC
Currency of rolling: GBP
Price step: