$BTC

Bitcoin's spot price is influenced by immediate supply and demand. Traders use various strategies, including market orders for immediate execution and limit orders to buy or sell at a specific desired price. Spot trading is often considered a simpler approach to cryptocurrency investment, especially for beginners, as it involves direct ownership of Bitcoin. However, it still carries inherent risks due to the volatility of the cryptocurrency market. Recent data indicates that Bitcoin's 24-hour trading volume reached approximately $19.78 billion globally, highlighting the significant activity in the spot market.