Btc Bitcoin
58,782 .27
−8.57%
131 .87 SGD 7,955,019 .15

Order Book BTC / SGD

Buyers
Price (SGD)Volume (BTC)
58,382 .84 1 .37300000
58,341 .51 0 .24500000
58,327 .31 0 .18421701
58,312 .72 0 .24500000
58,312 .42 0 .11961634
58,278 .43 0 .20172502
58,278 .42 0 .48007784
58,278 .41 0 .18440048
58,266 .76 0 .04760000
58,238 .55 0 .14330000
58,203 .72 0 .48670000
58,180 .18 0 .34770810
Page 1 of 58
Sellers
Price (SGD)Volume (BTC)
58,713 .51 0 .03864196
58,713 .52 0 .42753681
58,716 .76 0 .04760000
58,723 .39 1 .50000000
58,738 .02 0 .24500000
58,754 .67 0 .14330000
58,772 .45 1 .50000000
58,779 .59 0 .24500000
58,788 .84 0 .10350000
58,831 .81 0 .20194538
58,846 .02 0 .48670000
58,992 .51 0 .18339097
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Recent Trades

Time Price Volume (BTC)
5 minutes
AUD 60,029 .14 0 .00067000
5 minutes
AUD 60,029 .21 0 .00067000
6 minutes
AUD 60,010 .17 0 .00331618
8 minutes
AUD 59,954 .58 0 .06379992
8 minutes
AUD 60,000 .00 0 .03620008
10 minutes
AUD 60,210 .00 0 .18000000
12 minutes
AUD 60,499 .04 0 .00016446
17 minutes
AUD 60,389 .29 0 .01318147
31 minutes
AUD 60,500 .00 0 .00016446
31 minutes
AUD 60,469 .44 0 .00016455
33 minutes
AUD 60,487 .72 0 .00358114
33 minutes
AUD 60,497 .71 0 .00016447
33 minutes
AUD 60,497 .74 0 .20000000
40 minutes
AUD 60,480 .00 0 .00598866
44 minutes
AUD 60,588 .21 0 .00011495

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.