The $BTC coin pair refers to a trading pair that includes Bitcoin (BTC) and another cryptocurrency or fiat currency. In simpler terms, it’s how you measure the value of Bitcoin in terms of another asset.
Here’s how it works:
1. BTC/USDT
This is one of the most common BTC pairs.
It means you're trading Bitcoin against Tether (USDT), a stablecoin pegged to the US dollar.
If BTC/USDT = 65,000, that means 1 Bitcoin is worth 65,000 USDT.
This pair compares Bitcoin with Ethereum.
If BTC/ETH = 15, it means 1 BTC is equal to 15 ETH.
3. How Coin Pairs Work
Base currency: The first in the pair (e.g., BTC).
Quote currency: The second (e.g., USDT, ETH).
The price tells you how much of the quote currency you need to buy 1 unit of the base currency.
4. Why It Matters
Traders use coin pairs to:
Exchange between different cryptos.
Speculate on price changes.
Hedge against market movements.
In summary, a BTC coin pair is just a way to trade or compare the value of Bitcoin with another asset—be it a cryptocurrency or a stable currency like the dollar.
