BTC/GBP

BTC/GBP

Why is the BTC to GBP pair important to traders?

The BTC to GBP pair matches the world’s leading cryptocurrency, Bitcoin, with one of the world’s most influential fiat currencies – the British pound. The pairing represents how many pounds are needed to buy one bitcoin.

 

Launched in 2009, Bitcoin remains by far the most popular and widely accepted digital coin, boasting a crypto market share of about 70 per cent despite the emergence of many rivals. Even after a decade in existence, BTC still remains very volatile, offering huge potential for speculation.

 

On the other end of the pair is the British pound. It is one of the most economically and financially important fiat currencies available. GBP is the fourth-most traded currency in terms of turnover and the third-most widely held reserve currency worldwide.

 

Its unique properties make the Bitcoin to GBP pairing one of the most popular crypto-to-fiat currency pairs in the market. As the volume of BTC to GBP transactions is growing, the pair clearly offers substantial opportunities to traders. 

 

BTC to GBP trading: the ultimate way to invest in Bitcoin

Although the volume of Bitcoin to Pound trading is lower than its American counterpart BTC to USD, it is steadily increasing. The ultra-volatile nature of BTC/GBP makes it a strong alternative to traditional Forex markets. 

 

Proven to be a lucrative investment, Bitcoin has already cemented its position as the world's top cryptocurrency. With digital currencies becoming increasingly noramlised the volume of the BTC/GBP pair is likely to continue to increase in the near future.

 

Bitcoin traders can always profit from BTC price swings. You can either go short or long, depending on Bitcoin to GBP’s price movement, and benefit from the price difference. 

 

You can convert BTC to GBP and trade this popular crypto-to-fiat currency pair at Currency.com, enjoying x100 leverage and market-leading spreads. 

 

Why trade BTC to GBP with Currency.com

Advanced charts and tools

Access to 70+ technical indicators and analysis tools, powerful charts, real-time price alerts and notifications.

 

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Bitcoin overview

Launched in 2009, Bitcoin introduced a new type of digital currency to the world gradually gaining worldwide popularity. Today, it is the most popular and valuable cryptocurrency on earth, serving as the gold standard for emerging cryptos. 

 

Due to its decentralised nature, BTC transactions do not require a middleman, meaning no banks or other authorities are involved. In addition to being an alternative payment network and a store of value, Bitcoin offers great opportunities to traders. 

 

Quick facts about Bitcoin:

  • Founded in 2009, it is the first decentralised cryptocurrency
  • Bitcoin is considered both a commodity and a currency
  • It is a brainchild of a mysterious person or group known as “Satoshi Nakamoto”
  • The first Bitcoin transaction was made in May 2010 to buy 2 Papa John’s pizzas
  • Bitcoin ATMs are now available worldwide
  • The maximum number of bitcoins is 21 million
  • 80% of all bitcoins have already been mined

 

Launched at the first cryptocurrency exchange BitcoinMarket.com in April 2010, Bitcoin’s starting price was $0.0025 (£0.0019). Shortly after, the BTC price rate started to surge dramatically, generating more than a thousand per cent earnings to its initial owners. 

 

In 2017, the BTC/GBP rate skyrocketed by more than 220 per cent and reached a whopping £14,600. Bitcoin fell down significantly during the infamous crypto winter of 2018, losing more than 60 per cent of its value and dropping to £2,540 level by January 2019.


As the cryptocurrency is not tied to any particular country, the geopolitical and economic factors have little to no bearing on Bitcoin. Instead, you should keep an eye on its demand, adoption rates, regulations and market sentiment.

 

GBP overview

The British pound is the fourth most-traded currency in the forex market after the USD, EUR and JPY. It has historically been one of the strongest and most stable currencies worldwide. Its volatility, while varying, is relatively low and averages around 0.6 per cent a day.

 

The GBP’s value is majorly influenced by the macroeconomic factors, such as the GDP figures, import and export data and interest rates, and sentiment around future developments.

 

For that, those interested in BTC/GBP pair trading should keep a close watch not only of crypto market news, but also monitor the latest economic reports and the Bank of England’s releases that may influence the value of GBP. 

 

Follow Currency.com to always stay on top of the latest BTC/GBP rate and spot the best opportunity to enter a trade. 

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BTC/GBP price history

Date Close Change Change(%) Open High Low
Sep 22, 2021 30510.47 941.63 3.18% 29568.84 30818.15 29489.71
Sep 21, 2021 29569.12 -1671.89 -5.35% 31241.01 31644.29 28747.94
Sep 20, 2021 31241.09 -2919.55 -8.55% 34160.64 34225.34 30882.32
Sep 19, 2021 34160.46 -239.25 -0.70% 34399.71 34409.02 33883.94
Sep 17, 2021 33927.48 -481.90 -1.40% 34409.38 34640.13 33774.19
Sep 16, 2021 34360.78 -143.80 -0.42% 34504.58 34828.76 33844.63
Sep 15, 2021 34504.58 639.40 1.89% 33865.18 34762.40 33569.00
Sep 14, 2021 33865.17 1618.62 5.02% 32246.55 33974.08 32067.93
Sep 13, 2021 32246.88 -766.46 -2.32% 33013.34 33598.92 31163.49
Sep 12, 2021 33013.42 773.09 2.40% 32240.33 33291.68 32194.30
Sep 10, 2021 32301.35 -967.39 -2.91% 33268.74 33733.93 32080.41
Sep 9, 2021 33268.82 62.75 0.19% 33206.07 33945.26 32771.51
Sep 8, 2021 33206.15 -550.76 -1.63% 33756.91 34105.49 32088.44
Sep 7, 2021 33756.99 -4033.62 -10.67% 37790.61 37928.86 30967.99
Sep 6, 2021 37790.70 700.54 1.89% 37090.16 37844.81 36579.58
Sep 5, 2021 37089.97 169.90 0.46% 36920.07 37162.34 36846.33
Sep 3, 2021 35871.91 527.63 1.49% 35344.28 36547.71 34675.80
Sep 2, 2021 35344.36 138.12 0.39% 35206.24 36274.35 35040.34
Sep 1, 2021 35206.33 1197.74 3.52% 34008.59 35334.76 33624.72
Aug 31, 2021 34008.68 113.98 0.34% 33894.70 34751.52 33688.39