#Coinpairbtc : The Bitcoin Ecosystem market cap today is about $BTC 1.87 Trillion and it reflects with 0.04% daily change in global markets. Bitcoin is used widely as Base currency for trading other crypto or Quote currencies. The most popular crypto pair is ETH/BTC (Ethereum pegged against the BTC). In BTC/USDT pair token includes Bitcoin as the base currency while US Dollar is the quote currency. If the price of the BTCUSD (BTC/USD) pair is 10000, it means that a buyer would require 10000$ to acquire 1 Bitcoin. Similarly, the price of a BTCUSDT (BTC/USDT ) is 30000, then one Bitcoin can be exchanged for 30000 Tether tokens . Trading pairs or crypto currency pairs are assets that can be traded for each other on an exchange. The most traded pairs are BTC/USDT, and ETH/USDT and BTC/ETH.
Stable coin pairs - A stable coin pegged against the Fiat Currency Dollar creates lower volatility and higher liquidity, say as, BTC/USDT, ETH/USDC and BTC/USDC etc. Bitcoin pairs - Bitcoin is the base currency while pegged against Altcoins called as Quote currencies, say as BTC/ETH, and BTC/ADA. Ethereum as base coin pegged against the Altcoins or Quote currencies are as follows : ETH/ADA, and ETH/LINK. High Liquidity - BTC and ETH pegged coins traded for high liquidity. Low Liquidity - Any Altcoin is pegged against any other Altcoin is harder to trade, due to price slippage or fluctuations and trading required more caution.
Some of the most commonly traded BTC pairs include - BTC/ETH, BTC/DOGE, BTC/LTC, BTC/ADA, BTC/ XLM, BTC/BNB, BTC/SOL, and BTC/XRP. The price of one Bitcoin is $93936.46 today with a 24-hour trading. Its volume is $ 19,988,563,953. There is 0.031% price decline in the last 24 hours. Its circulating supply is 20 Million BTC, and its Market Cap is about $ 1,865,669,248,320. The Bitcoin price varies from $94,431.67 in India. It is fluctuating.
Suggestion - Check liquidity and volume of crypto tokens, because high liquidity brings faster trading sentiments at a lower price. Bitcoin is used widely as base currency for trading other crypto currencies.
