$BTC $BTC trading pairs (such as BTC/USD, BTC/USDT) are cryptocurrency trading combinations based on Bitcoin, reflecting the real-time exchange rate between it and fiat currencies or other crypto assets. As the first decentralized digital currency, Bitcoin trading pairs leverage blockchain technology to enable peer-to-peer transactions, featuring characteristics like censorship resistance and low transaction fees. Its price is driven by macroeconomic policies (such as Federal Reserve interest rates), institutional holdings (such as ETF fund inflows), and market sentiment, with the volatility of BTC/USD exceeding 60% throughout 2024, peaking at $73,000. Major exchanges (like Binance, Coinbase, etc.) offer high liquidity trading, but one must be cautious of exchange security risks and fluctuations in regulatory policies.