Btc Bitcoin
60,940 .00
−8.51%
221 .60 AUD 14,073,064 .46

Order Book BTC / AUD

Buyers
Price (AUD)Volume (BTC)
60,775 .77 0 .18091895
60,751 .36 1 .00000000
60,751 .35 0 .19710000
60,730 .06 0 .13298000
60,728 .63 0 .19710000
60,689 .89 0 .18110025
60,683 .83 0 .04442000
60,683 .81 0 .09838100
60,506 .06 0 .44310000
60,506 .05 0 .18147183
60,500 .00 0 .11730200
60,469 .43 0 .41350000
Page 1 of 68
Sellers
Price (AUD)Volume (BTC)
60,929 .98 0 .19710000
60,949 .38 0 .19710000
60,967 .57 0 .10962337
60,967 .58 0 .19710000
61,048 .89 0 .11243408
61,344 .56 0 .35931369
61,350 .71 0 .17740000
61,356 .86 0 .44310000
61,393 .76 3 .45206000
61,400 .00 0 .02563980
61,548 .75 0 .70105838
61,869 .86 1 .66612814
Page 1 of 68

Recent Trades

Time Price Volume (BTC)
20 seconds
AUD 60,940 .00 0 .00816397
1 minute
AUD 60,783 .78 0 .00010000
1 minute
AUD 60,801 .91 0 .03654115
2 minutes
AUD 60,935 .00 0 .00500000
3 minutes
AUD 61,205 .52 0 .00010000
3 minutes
AUD 61,205 .52 0 .00487713
3 minutes
AUD 61,119 .43 0 .62039637
3 minutes
AUD 61,119 .44 0 .19710000
3 minutes
AUD 61,119 .44 0 .19710000
3 minutes
AUD 61,119 .44 0 .19710000
3 minutes
AUD 61,119 .44 0 .19710000
5 minutes
AUD 60,886 .54 0 .00010000
5 minutes
AUD 60,890 .00 0 .03741705
5 minutes
AUD 60,889 .99 0 .04442000
6 minutes
AUD 60,885 .00 0 .00010000

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.