$BTC
A BTC pair refers to a trading pair where Bitcoin (BTC) is exchanged for another asset, such as another cryptocurrency, fiat currency, or commodity. For example, in a BTC/ETH pair, Bitcoin is traded against Ethereum, allowing investors and traders to speculate on the relative value between the two cryptocurrencies. Similarly, BTC/USD refers to the exchange rate between Bitcoin and the U.S. Dollar.
BTC pairs are essential in cryptocurrency markets, offering liquidity and opportunities for traders to profit from price movements. They are commonly found on cryptocurrency exchanges, where users can trade Bitcoin for various altcoins or use it as a base to convert to other assets.
Overall, BTC pairs facilitate the trading and valuation of Bitcoin in relation to other currencies and assets, playing a vital role in the broader cryptocurrency ecosystem.