$BTC

Understanding the pair $BTC

When trading cryptocurrencies, you will often encounter the pair $BTC. This abbreviation typically refers to Bitcoin (BTC) paired with another currency or asset, such as BTC/USD, BTC/EUR, or BTC/USDT. The first coin in the pair is what you are buying or selling, while the second is the currency you are using to do so. Understanding what $BTC is being traded against is crucial for market analysis and making informed decisions.