The most popular crypto-currency, the Bitcoin (BTC) paired against the U.S. Dollar (USD) is thy iconoclast among crypto-currency pairs. With a meteoric rise in the last few years, from zero to almost twenty-thousand USD, the Bitcoin made waves in the financial industry and sparked the start of thousands of other crypto-currencies.
As the first digital currency, the Bitcoin is also a worldwide paying system. Rewarding at the end of a process known as “mining,” Bitcoin began to fluctuate against the USD and introduced to main trading platforms around the world.
Offered with a leverage of 1:1 and experiencing huge volatility levels, the BTCUSD attracted many retail traders and professionals alike to the crypto-market. Before trading any crypto-currency pair, consider wider stop losses than normal as the volatility in the market has multiples over other similar markets, like the foreign exchange.
Economic data and relevant news to consider when trading the BTCUSD pair: Federal Reserve of the United States (Fed) interest rate decision and other USD related economic news, as well as any news about BTC adoption by major institutional players and global banking corporations.