Btc Bitcoin
72,540 .00
−1.86%
257 .10 AUD 18,393,638 .12

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
72,411 .00 0 .20000000
72,410 .17 0 .19710000
72,376 .24 0 .19710000
72,357 .26 1 .00000000
72,350 .00 0 .95000000
72,347 .23 0 .15200975
72,201 .23 0 .05445000
72,201 .22 0 .15203789
72,194 .00 0 .16655000
72,170 .21 0 .55114000
72,124 .78 0 .23185460
72,057 .21 0 .15253670
Page 1 of 51
Sellers
Price (AUD)Volume (BTC)
72,539 .99 0 .22100000
72,540 .00 0 .04200000
72,582 .72 0 .04355626
72,582 .73 0 .19710000
72,614 .40 0 .10426981
72,621 .66 0 .20000000
72,624 .27 0 .55114000
72,632 .43 0 .19710000
72,662 .22 0 .40910221
72,697 .69 0 .15136250
72,700 .00 1 .50000000
72,895 .71 0 .15131775
Page 1 of 61

Recent Trades

Time Price Volume (BTC)
18 seconds
AUD 72,540 .00 0 .00200000
29 seconds
AUD 72,540 .00 0 .00200000
39 seconds
AUD 72,540 .00 0 .00200000
48 seconds
AUD 72,540 .00 0 .00200000
1 minute
AUD 72,539 .98 0 .00200000
1 minute
AUD 72,500 .76 0 .00200000
1 minute
AUD 72,500 .77 0 .00200000
2 minutes
AUD 72,431 .00 0 .00068687
3 minutes
AUD 72,434 .66 0 .00200000
3 minutes
AUD 72,492 .36 0 .00200000
5 minutes
AUD 72,523 .33 0 .00200000
5 minutes
AUD 72,495 .00 0 .00200000
5 minutes
AUD 72,523 .34 0 .00200000
7 minutes
AUD 72,574 .98 0 .00200000
7 minutes
AUD 72,579 .99 0 .00200000

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.