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Bitcoin is a digital currency, with price fluctuations. These fluctuations can create significant profit opportunities for those who trade bitcoin. Since bitcoin is a decentralized currency, the price is not controlled by any central institutions, but instead shaped by demand and supply among users on the market. Here you can follow bitcoin’s price in real time.
What affects the value of bitcoin?
The price of bitcoin is influenced by several factors. Some of these include:
1. Decentralization
Because bitcoin is decentralized, its price is not directly affected by interest rates, banks or other central bank decisions. Instead, the price is driven by usage and trust in the currency among users.
2. Global events
When major political or economic events occur worldwide, such as economic crises or elections in influential countries, the price of bitcoin tends to increase. Many view bitcoin as an alternative investment during such times
3. Market dynamics and demands
The price rises when demand increases and more investors buy bitcoin. The price falls when more people sell than buy.
4. Technological development
News about technological advancements and innovations that impact the blockchain technology can also affect bitcoin’s price
Historical bitcoin price trends
Since the launch of Bitcoin in 2009, its price has experienced significant ups and downs. A milestone in bitcoin’s price history was when it surpassed 1 000 000 SEK at the end of 2024. Although the price can be seen as volatile, the long-term trend has shown a steady increase as bitcoin has become more widespread globally. Major economic events have often contributed to increasing bitcoin’s value as investors tend to seek independent assets.
Bitcoin prices may vary between services
Bitcoin’s price can differ between various services depending on what is included in the price. Some services may add fees afterwards, while others include them in the displayed price. Here at BTCX, the price always includes the fees, so you can clearly see what your transaction will cost.
How do I buy bitcoin?
Buying bitcoin is simple with BTCX. Start by creating an account and then choose your desired purchase amount. Follow the instructions to complete your purchase smoothly and safely. Read more in our complete guide on how to buy bitcoin here.
Frequently asked questions
Learn more about Bitcoin
Explore our articles and guides about bitcoin, from how to buy and sell, to tips on secure storage in our Knowledge bank.