Btc Bitcoin
48,743 .76
+2.77%
55 .66 USD 2,674,242 .60

Order Book BTC / USD

Buyers
Price (USD)Volume (BTC)
48,430 .93 0 .11185894
48,430 .92 0 .20446135
48,412 .09 0 .04970000
48,387 .86 1 .23500000
48,387 .85 0 .14110000
48,363 .47 0 .24500000
48,360 .03 0 .14193221
48,360 .02 0 .00530989
48,344 .29 0 .24500000
48,284 .55 0 .63959558
48,260 .25 0 .16830165
48,251 .68 0 .49999999
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Sellers
Price (USD)Volume (BTC)
48,800 .00 0 .00500000
48,863 .40 0 .00031254
48,988 .61 0 .11646329
48,988 .62 0 .34981678
48,988 .63 0 .26000000
48,993 .18 0 .24500000
49,007 .30 0 .16396118
49,012 .20 0 .24500000
49,021 .83 0 .04970000
49,049 .84 0 .14110000
49,071 .27 0 .16379566
49,076 .18 0 .14121218
Page 1 of 28

Recent Trades

Time Price Volume (BTC)
19 seconds
AUD 67,080 .11 0 .00044500
19 seconds
AUD 67,080 .11 0 .29678575
6 minutes
AUD 67,080 .11 0 .00044500
7 minutes
AUD 67,080 .11 0 .00051916
13 minutes
AUD 67,080 .11 0 .00220647
18 minutes
AUD 66,990 .77 0 .00118651
22 minutes
AUD 66,999 .98 0 .04477613
24 minutes
AUD 66,946 .01 0 .00038507
25 minutes
AUD 66,946 .01 0 .00568669
30 minutes
AUD 67,080 .08 0 .00014833
34 minutes
AUD 67,062 .29 0 .03857704
37 minutes
AUD 66,888 .00 0 .00208460
44 minutes
AUD 66,888 .00 0 .00760551
56 minutes
AUD 66,896 .90 0 .00912085
56 minutes
AUD 66,896 .91 0 .02000000

Bitcoin Price

Price basics

The Bitcoin price is based off the cost of one whole Bitcoin, similar to the way that shares in a company are priced in a share market. Unlike traditional share markets, however, you may buy and sell fractional amounts of Bitcoin. For example, if the Bitcoin market price is $12 000, you can buy 0.5 Bitcoin for $6 000. You can read more about this in the What is Bitcoin page. The price of Bitcoin on Independent Reserve is purely based off the trading behaviours of our customers. As explained in the How to buy Bitcoin page, Independent Reserve is purely an open order book exchange. We do not supply Bitcoin - when you buy Bitcoin here you are simply buying it directly off another Independent Reserve customer who is looking to sell. The Bitcoin price will go up when there are more buyers than sellers, and the price will go down when there are more sellers than buyers.

Arbitraging

It's important to understand that with Bitcoin and most cryptocurrencies, exchanges are not connected. This means that on one exchange the price can conceivably be quite different to another exchange. If the market price between two exchanges diverges enough, this presents an arbitrage opportunity, where Bitcoin can be bought on the exchange with the lower price, transferred to the other exchange, and then sold for a profit. This is the main mechanism that keeps prices on different exchanges in line with each other.

Volatility

The Bitcoin price has historically been quite volatile when compared with traditional share markets. This makes it a commodity to trade, where proportionally high gains (and losses!) can be realised in relatively quick time periods.