Btc Bitcoin
38,887 .98
−6.76%
167 .14 USD 6,731,831 .67

Order Book BTC / USD

Buyers
Price (USD)Volume (BTC)
38,765 .30 0 .19840861
38,765 .29 0 .25941754
38,753 .81 0 .11200000
38,742 .92 0 .04100000
38,731 .18 0 .03800000
38,716 .03 2 .27300000
38,669 .44 1 .45500000
38,669 .19 1 .50000000
38,658 .58 0 .47443013
38,650 .30 0 .12900000
38,637 .00 1 .50000000
38,633 .44 0 .08630348
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Sellers
Price (USD)Volume (BTC)
39,124 .50 0 .06684240
39,124 .51 0 .18385257
39,124 .52 0 .35797473
39,139 .87 1 .50000000
39,158 .30 0 .12900000
39,172 .35 1 .26200000
39,172 .39 1 .50000000
39,176 .98 0 .20298763
39,177 .31 0 .52340000
39,186 .51 1 .44600000
39,208 .59 0 .20567437
39,210 .34 0 .20289370
Page 1 of 45

Recent Trades

Time Price Volume (BTC)
59 seconds
AUD 54,074 .76 0 .00018400
1 minute
AUD 53,975 .73 0 .10000000
1 minute
AUD 54,049 .58 0 .01000000
2 minutes
AUD 53,953 .35 0 .33514889
2 minutes
AUD 53,953 .33 0 .03369768
2 minutes
AUD 53,959 .40 0 .11023079
2 minutes
AUD 53,959 .35 0 .07417178
5 minutes
AUD 53,943 .54 0 .00018445
5 minutes
AUD 53,924 .76 0 .00018452
6 minutes
AUD 53,884 .98 0 .00423425
6 minutes
AUD 53,884 .97 0 .10656008
7 minutes
AUD 53,765 .01 0 .00483954
8 minutes
AUD 53,896 .56 0 .00001846
8 minutes
AUD 53,955 .01 0 .10000000
9 minutes
AUD 54,018 .03 0 .00027630

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.