The exchange rate between Bitcoin and the US Dollar is represented by the BTC/USD pair. Due to its great liquidity and notable price fluctuations, this cryptocurrency pair is the most watched and traded pair on the market. Since this pair frequently sets the tone for the whole cryptocurrency market, traders and investors keep a careful eye on it.
Among the variables affecting the price of BTC/USD are:
Technical and fundamental analysis are both necessary while trading BTC/USD. The pair is notorious for its volatility, which can bring significant risks as well as profitable chances. Being the leading cryptocurrency, Bitcoin's performance versus the US dollar is frequently used as a gauge for the state and trend of the whole market.