$BTC

The relationship between the US dollar (USD) and Bitcoin (BTC) is a significant aspect of the cryptocurrency market. The USD is the world's reserve currency and a dominant force in global finance, while Bitcoin is the leading cryptocurrency by market capitalization, known for its decentralized nature and limited supply.

The trading pair BTC/USD represents the price of one Bitcoin in terms of US dollars. This pair is one of the most actively traded in the cryptocurrency market, reflecting the global interest in both assets. The price of BTC/USD is influenced by a multitude of factors, including supply and demand, market sentiment, regulatory developments, technological advancements, and macroeconomic conditions.

Bitcoin's price has historically exhibited high volatility compared to traditional currencies like the dollar. It has experienced periods of rapid appreciation and sharp declines. For instance, Bitcoin first reached parity with the US dollar in February 2011. It reached an all-time high of over $99,800 in November 2024. As of today, April 30, 2025, the price of Bitcoin is around $94,785.

The dollar, on the other hand, generally experiences less volatility, although it is subject to fluctuations based on economic indicators, monetary policy, and geopolitical events. The interaction between the dollar and Bitcoin is closely watched by investors and analysts worldwide as they try to understand the evolving role of digital assets in the global financial landscape.