BITCOIN PRICING

Bitcoin’s price is measured against fiat currency, such as American Dollars (BTC-USD). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.

                Unlike fiat currencies however, there is no official Bitcoin price. Only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk are two such indices reporting the average price. It’s normal for Bitcoin to trade on any single exchange at a price slightly different to the average.