Last Updated on 13 September 2023 by CryptoTips.eu
Read everything about the Bitcoin Price in USD, EUR and GBP.
- Price $38,165.00
- Market Cap
Follow the Bitcoin price in dollar, euro and Pound sterling
In the above widget you can see the current Bitcoin price. By default, it is set to show you the period over the past 30 days (1M). The current Bitcoin value is shown in USD, EUR and GBP on top of the chart.
You can also see how the BTC price has performed over the course of 24 hours, 7 days, 30 days, 3 months, half year and 1 year. The Bitcoin price chart is shown in dollar. Underneath the chart you can see the trading volume of all crypto exchanges all together.
Please note that Bitcoin (as well as other cryptocurrency), due to their nature as crypto coins, are traded all day, just like the US dollar or the Euro.
Traditional stocks (usually part of a national index such as the Dutch AEX, the Belgian BEL20 or the German DAX) show a start and end time from 9 AM until 5.30 PM and are only traded during weekdays.
Bitcoin continues 24 hours a day, every day of the year without any breaks.
Live BTC price in euros, dollars and pounds
The information below will give you an insight into the Bitcoin performance over the past month and week. You’ll see the current market capitalization and the highest and lowest prices over the last 24 hours.
Click EUR, USD and GBP to switch between you favorite fiat currency.
GBP is added to our overview to watch the Bitcoin price in UK.
Please note that the price may vary by a few euros compared to the rates provided at the top of the page. This is due to the fact that two different suppliers provide the data.
The history of Bitcoin’s price
The mysterious Satoshi Nakamoto developed Bitcoin in 2008 and released it to an unsuspecting world in early 2009. Of course, there weren’t too many transactions in the starting year, but the first time anyone really paid with Bitcoin was for two pizzas at a Papa John’s franchise in Florida.
A Bitcoin fan paid 10 000 BTC that day. Based on today’s Bitcoin value, that would make them the most expensive pizzas ever sold.
Bitcoin has seen some major crashes and bull runs since then.
The first major breakthrough for Bitcoin was in 2012, when an increasing number of supermarkets, especially in Asia, allowed people to pay with the cryptocurrency. Things continued to go steeply upwards in 2013.
The first time Bitcoin appeared in the world news, and not really in a good way, was in October 2013. The FBI closed the so-called Silk Road website, a black market website where you can buy all kinds of forbidden stuff. Since payments for that site were mostly done in Bitcoin, given the pseudo-anonymity, it gave a great exposure to the most famous cryptocurrency.
2014, 2015 and 2016
2014 was another bad year for Bitcoin due to the bankruptcy of the Mt. Gox exchange in Japan. Since the exchange represented about 75% of all Bitcoin trading, this was a very heavy hit for the price.
In 2015 and 2016, the currency became more and more popular, going up consistently.
The peak so far was in the period from October to December 2017, when the Bitcoin Price went up and a real bull run started. The highest price of almost $20.000 per BTC was registered in December 2017. The global media discovered cryptocurrency and even the taxi drivers were talking about crypto.
However, the party stopped in the beginning of 2018 and the Bitcoin value dropped about 75% from its highest point.
2019 showed a slight stabilization, with some ups and downs that investors were expecting from the currency given its history.
2020 was an eventful year for Bitcoin. The year started well with a Bitcoin price of around €5,900 ($7,231). A month later, the price even breached the $10k level again, before dropping more than 50% in value to below $4,000 on some exchanges due to the global pandemic. After that, the price rose steadily again and the Bitcoin halving in May 2020 caused the supply to be reduced. In July, the USD 10,000 was breached again and Bitcoin has not traded below this level since.
Major publicly traded companies such as PayPal and Square are starting interesting in Bitcoin and this had positive consequences for the Bitcoin price. So well that it broke the all-time high of $20,000 since January 2018. The price even rose above $28,000 at the end of 2020.
The uptrend of Bitcoin (and the overall crypto market) continued in 2021 as well. Starting at around $28,000, Bitcoin rose to around $60,000 in the first quarter of 2021. More and more institutional companies decided to invest in Bitcoin, but the big catalyst was that Tesla placed more than 1.5 billion worth of Bitcoin on its balance sheet.
February 2021, the whole world noticed Bitcoin when it broke through the $50k barrier for the first time. Excited by the news in January of that year that Tesla would soon be accepting Bitcoin as a means of payment and Wall Street saw investors lining up to buy this new digital currency that suddenly gained global acceptance, FOMO propelled Bitcoin to $65,000 in April 2021. .
May saw heavy sales due to Tesla reversing its promise, the Chinese government banning Bitcoin mining, and other factors. In November, however, the BTC price went even higher, reaching an all-time high of $69,000. The year 2021 ended with a Bitcoin price of $46,306.
The start of 2022 was not a good one for Bitcoin. When the stock markets entered correction territory in January 2022, Bitcoin followed the path of the Nasdaq. The Nasdaq, which mainly consists of tech stocks, had a sharp decline in early 2022, as the Fed plans to raise interest rates. 2022 started with a BTC price of about $46,000, but this fell to about $19,000 in the first half of the year. The reason for this sharp drop was the war between Russia and Ukraine, the Terra (LUNA) scandal and the raising of interest rates to counter extreme inflation.
In the second half of 2022, interest rates continued to rise, but Bitcoin remains stable between $18,000 and $20,000.
Bitcoin historical prices
The table below shows the historic Bitcoin prices over the past week.
How is the Bitcoin price established?
It’s the same case as stocks: it usually depends on supply and demand. Traders receive orders, and if there is more demand overwhelms supply, the price rises. On the contrary, if there is too much of that crypto on the market for too few buyers, the Bitcoin price goes down. This way, the Bitcoin price can vary at any time of the day.
The big difference is that Bitcoin does not publish quarterly results or news through its marketing department as company do. With crypto, it is usually the case that the news of the day can determine the current value. Although in the long run a lot of people agree that the digital currency is the currency of the future, it is still very volatile and unknown to the older generation of investors, which entails large fluctuations.
Suppose the price rises sharply, then everyone wants to respond to it out of the anxiety of missing out (the so-called FOMO, Fear of missing out), and if the price falls, it is just as much in the opposite direction. As more young people invest in crypto, even social media plays a role.
Therefore, the Bitcoin price is determined by supply and demand, but can also be strongly influenced by other things. For example, the price can be influenced by positive or negative news. Affected by, investors may buy or sell Bitcoin. Other influences can be important people who make a certain statement about the cryptocurrency. If the president of the United States says something bad about Bitcoin, there is a good chance that the price will drop.
Cryptocurrency scams or hacks can also carry a negative impact on the price. It could be that the criminals are dumping all the stolen cryptocurrency on the market, causing the trust of the community to go away. Furthermore, a Bitcoin halving takes place every four years. In practice, this event should lead to a price increase.
Bitcoin price prediction
We are not fortune tellers, but it is clear that given the large number of books on the subject that have been published in the past few last years and the growing number of press articles in the worldwide media, crypto is a bullish market. Which cryptocurrency will survive and which will not, however, is difficult to predict.
Again, a lot depends on the news of the day. At the time of writing, Democratic American presidential candidate Andrew Yang speaks very enthusiastically about crypto, what he calls the currency of the future. Not that we think he has much chance of getting the nomination, but it’s a sign that it’s becoming more and more mainstream.
Nobody can predict the future, so Bitcoin predictions are just predictions too. One thing that is certain is that the Bitcoin price will remain very volatile for the time being. That means the price can rise or fall quickly. The large price fluctuations make it very interesting for most investors and traders to invest in Bitcoin.
Compared to traditional stocks, there is more action and therefore more profit (note: also faster losses). We can’t tell you whether the price will certainly rise or fall in the future.
In the background, the developers are working hard on the technical and fundamental parts of Bitcoin. These include faster transactions, more transactions per second, and other solutions to make BTC better.
What do you need to take into account with the Bitcoin price?
As already stated, Bitcoin, like other cryptocurrency, is not really a defensive investment product, which means that the price can be very different from one day to the next. So, what to expect are large fluctuations, or high price volatility.
Important: never invest in more money than you are willing to lose. Although we are very positive about the future of Bitcoin and cryptocurrency (otherwise wouldn’t be writing these articles)), it is and remains a risky product. So please, invest wisely.
How to invest in Bitcoin?
There are several pages in our knowledge base that can show you how to make a smart choice.
Frequently asked questions about the Bitcoin price
How often is the price updated?
The prices are updated instantly in real-time. Theoretically, there can be a delay of up to a few seconds. We are dependent on external suppliers who deliver the pricing data to us.
In what currency is the price displayed?
We show the Bitcoin price in euros (EUR), dollars (USD) and Pound sterling (GBP). You can choose what currency you want to see the exchange rate. If there is a demand for other currencies, we will add them.
How far can I look back in the past?
You can look back until 1 year back in the past. The chart is shown in dollar only.
What other information can I see?
In addition to the current price and the price history, we also show more data. You can see the percentage difference of the past 24 hours, week and month. You can also see the market capitalization in euros, the highest / lowest Bitcoin price of the past 24 hours and the volume.