Btc Bitcoin
56,596 .61
−0.38%
67 .11 USD 3,853,825 .71

Order Book BTC / USD

Buyers
Price (USD)Volume (BTC)
56,366 .13 0 .18993177
56,277 .20 0 .00650100
56,246 .45 0 .20403248
56,241 .78 0 .30000000
56,241 .77 0 .41634352
56,241 .35 0 .12900000
56,217 .11 1 .06300000
56,217 .10 1 .50000000
56,213 .75 0 .13831926
56,196 .41 0 .08270000
56,191 .93 0 .50180000
56,176 .04 0 .13839516
Page 1 of 58
Sellers
Price (USD)Volume (BTC)
56,873 .51 0 .10245099
56,873 .52 0 .46625116
56,880 .67 1 .50000000
56,904 .19 0 .20629271
56,927 .09 1 .50000000
56,931 .95 0 .12900000
56,934 .23 0 .38433334
56,939 .78 0 .08270000
56,954 .87 0 .50180000
56,957 .54 0 .08270000
57,063 .30 0 .19225880
57,074 .72 1 .05441600
Page 1 of 37

Recent Trades

Time Price Volume (BTC)
2 minutes
AUD 79,650 .00 0 .00140000
3 minutes
AUD 79,689 .99 0 .30000000
4 minutes
AUD 79,600 .00 0 .31000000
4 minutes
AUD 79,600 .00 0 .01140000
4 minutes
AUD 79,600 .00 0 .00060000
4 minutes
AUD 79,600 .00 0 .01200000
4 minutes
AUD 79,600 .01 0 .01200000
4 minutes
AUD 79,600 .00 0 .01200000
10 minutes
AUD 79,635 .00 0 .55290000
10 minutes
AUD 79,635 .00 0 .01200000
10 minutes
AUD 79,635 .00 0 .01200000
10 minutes
AUD 79,635 .00 0 .01200000
10 minutes
AUD 79,635 .00 0 .00930000
10 minutes
AUD 79,635 .00 0 .00180000
10 minutes
AUD 79,749 .99 0 .05000000

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.