Bitcoin/Euro

This pair measures the value of a single Bitcoin in Euros. This currency pair is especially suitable for traders whose native currency is the Euro, and wish to track price changes against their own currency. Bitcoin is the first major cryptocurrency and was the financial instrument that prompted the crypto revolution. It has a strong foothold in the cryptocurrency market and is considered a bellwether of the market. Traders who believe that Bitcoin will go up in value against the Euro should open a long (BUY) position, while those who believe BTC will decrease in value should open a short (SELL) position. The BTC/EUR price could be driven by many factors: For example, Bitcoin could be affected by new legislations and regulations which affect the crypto market.