$BTC
The price pair of Bitcoin (BTC) against both fiat currencies and other cryptocurrencies is known for its high volatility. This fluctuation is influenced by various factors, ranging from market sentiment, regulatory news, institutional adoption, to developments in blockchain technology. A small change in any of these factors can trigger significant price movements in BTC in a short time.
Trading BTC with various fiat currencies like USD, EUR, or IDR shows how the perception of BTC's value changes against conventional currencies. Meanwhile, the BTC pair with altcoins reflects the dynamics of competition and capital flow among various crypto assets. The rise in BTC dominance often suppresses altcoin prices against BTC, and vice versa.
Understanding the fluctuations in BTC price pairs is important for traders and investors. Technical and fundamental analysis serve as tools to predict potential price movements. However, it is important to remember that volatility is an inherent characteristic of the crypto market, and good risk management is key to navigating these fluctuations.