$BTC

Coin Pair BTC 101: Understanding Bitcoin Trading Pairs

In crypto trading, a *coin pair* like BTC/USD or BTC/ETH represents the value of one cryptocurrency (base) relative to another (quote). For example, in the BTC/USDT pair, Bitcoin (BTC) is traded against Tether (USDT), showing how much USDT is needed to buy one BTC. BTC pairs are vital in price discovery, especially on major exchanges where Bitcoin often acts as a gateway to altcoins. Traders analyze BTC pairs to identify market sentiment, arbitrage opportunities, and portfolio positioning. Understanding how BTC performs relative to fiat or other crypto assets is crucial for strategic trading and long-term investing.