Real-time cryptocurrency prices
Bitinvestor gives you trusted and free prices on the biggest cryptocurrencies. You will find both the price of various cryptocurrencies, but also additional information, such as market value, price trends and knowledge about the various cryptocurrencies.
How is the price of cryptocurrency determined?
The price of a cryptocurrency is determined by a number of factors, including supply and demand, technological innovation, the cryptocurrency’s trading platforms, regulatory developments and general economic activity.
Supply and demand
Is the primary factor affecting the price of a cryptocurrency. If there is a high demand for a particular cryptocurrency but a limited supply, the price will rise. On the other hand, a decrease in demand and an increase in supply will lead to a decrease in price.
Also plays an important role in the pricing of the cryptocurrency. If a cryptocurrency comes with new and advanced technology, it can lead to increased demand and thus a rising price.
Cryptocurrency trading platforms
Can also do a lot for the pricing of a cryptocurrency. If the currency is traded on the world’s largest crypto exchanges, it will create increased demand and easier access for general investors to invest in the cryptocurrency. On the other hand, it is often seen that many smaller cryptocurrencies are only traded through smaller exchanges and platforms, so there is a smaller audience of investors who can invest in the currency.
From governments and central banks can also affect the price of a cryptocurrency. If a government bans or restricts the use of cryptocurrencies, it can lead to a decrease in demand and thus, a decreasing price – On the other hand, legalization and a “legal framework” of a certain cryptocurrency can lead to an increase in price.
Also has a significant impact on the price of cryptocurrencies. Economic crises, for example, can lead to a fall in demand for risky investments like cryptocurrencies, while economic growth can lead to an increase in demand.
All in all, it is a combination of these factors that determines the price of a cryptocurrency. It is important to note that cryptocurrency markets are very volatile and can experience rapid price changes due to a single event or factor. For example, the entire cryptocurrency market fell from $2800 billion to $1508 billion after the FTX crash.
Why does the price of a cryptocurrency decrease?
- Decreasing demand and increased supply
- Technical issues or security breaches
- Regulation which limits or prohibits cryptocurrencies
- Negative news or bad attention in the media
- Economic downturn or crisis
Why does the price of a cryptocurrency increase?
- Increased demand and limited supply
- Technological innovation and improvements of existing technology
- Regulation which supports cryptocurrency
- Partnerships with large corporations and institutions
- Positive news and media attention
- Economic growth
Frequently asked questions
At the top of this page, you’ll find the price of 10 of the biggest cryptocurrencies and the market cap of these cryptos.
It doesn’t make sense to look directly at the unit price of different cryptocurrencies. Instead, you should look at the market cap of all of the given cryptocurrency’s coins combined to see the valuation of all of the coins of the given cryptocurrency in circulation.
A cryptocurrency is a digital currency which uses cryptography as security and to verify transactions. They are decentralized and controlled by a network of computers instead of a government or institution. Examples include Bitcoin, Ethereum, Dogecoin and Litecoin.
In most of the world, cryptocurrencies are legal. However, it’s usually not considered legal tender which is why you can’t ie pay taxes with your cryptocurrency.
In a few countries, cryptocurrencies are illegal. These countries include China, Nepal, Afghanistan, Bangladesh, Morocco, Algeria and Bolivia.
When you purchase a cryptocurrency, you own a digital token which represents a specific amount of the given currency. The token/coin can then be used to make transactions in the given currency or to store value. It is important to note that cryptocurrencies aren’t regular, physical currencies.
The value of a cryptocurrency is based on the potential of the cryptocurrency as a decentralised and secure form of currency and as an investment opportunity. The value of a cryptocurrency is decided based on supply and demand, similar to other assets. Unlike regular currencies, most cryptocurrencies, however, have a fixed supply. As an example, there will never exist more than 21 million Bitcoins.
At Bitinvestor we have made an easy, safe and regulated platform which can be used to buy cryptocurrency. Bitinvestor is regulated by the Financial Supervisory Authority of Denmark and is also registered with Fintrac Canada. Bitinvestor takes a 1.75% commission when buying with Credit Card, Google Pay or Apple Pay. You can buy BTC, ETH, USDT and lots of other cryptocurrencies. Crypto made simple.
At Bitinvestor, we have made an easy, safe and regulated platform where you can sell cryptocurrencies. Bitinvestor is regulated by the Financial Supervisory Authority of Denmark and is registered with Fintrac Canada. Bitinvestor lets you sell cryptocurrency with a 0.5% fee. You can sell BTC, ETH, LTC and lots of other cryptocurrencies and be paid out in USD, EUR, GBP or DKK.
The largest cryptocurrencies and their history
Bitcoin is the first decentralized cryptocurrency, which was invented by a person or group of people under the pseudonym Satoshi Nakamoto in 2008. The goal was to invent something to replace traditional currencies and remove the need for centralized governments and institutions. Bitcoin is based on a technology known as blockchain, which makes it possible to send and receive money without any third party. Bitcoin has been able to gain lots of traction and a huge following because of its decentralization and secure technology with Bitcoin being considered a digital form of gold. Bitcoin is the world’s biggest cryptocurrency and has been since its release in 2009.
Bitcoin Cash (BCH)
Bitcoin Cash was released in 2017 as a “fork” of the original Bitcoin. The purpose of Bitcoin Cash was to solve some of the technical limitations of the Bitcoin network and to increase transaction speed and scalability. Bitcoin Cash also has a larger block size than Bitcoin (32 MB vs 1 MB), resulting in faster transactions and lower transaction fees. A lot of users began using Bitcoin Cash because of its ability to handle a higher amount of transactions and the lower fees compared to Bitcoin.
Ethereum is a decentralized platform which was invented by Vitalik Buterin in 2014. The Ethereum network gives developers access to build and release their own decentralized apps (dApps) and contracts (Smart Contracts). Ethereum has seen lots of developers build on its network which also gives developers and users a larger amount of control over their personal data and financial assets. Ethereum has also been able to get a large following because of its ability to support the rise of decentralized finance (DeFi) applications and protocols which have been built on the Ethereum network.
USDC is a dollar-pegged stablecoin, launched by Circle in 2018 in cooperation with Coinbase. USDC is a digital currency designed to keep its value tied to the US Dollar 1-to-1. It gives investors the possibility to hold a digital currency which has a stable value which allows investors to avoid the volatility of regular cryptocurrencies and to quickly buy and sell cryotocurrency with a stable cryptocurrency. USDC is the second largest stablecoin, after USD Tether (USDT).
USD Tether (USDT)
USDT is a dollar-pegged stablecoin like USDC. USDT launched in 2014 by the company Tether. It is the most popular stablecoin in the market and is the 3rd most valuable cryptocurrency based on market cap. USDT allows investors to hold a stable cryptocurrency without volatility and quickly buy and sell cryptocurrencies without having to convert to FIAT currencies. USDT is the cryptocurrency with the largest trading volume thus it has effective pricing and allows trades with other cryptocurrencies at low spreads.
Litecoin was launched in 2011 by Charlie Lee, a previous Google developer. Litecoin is a digital currency which is very similar to Bitcoin but with its own differences. Litecoin has a much faster block generation time, a different hashing algorithm and a larger amount of circulating coins compared to Bitcoin. Similar to Bitcoin Cash, Litecoin is also a “fork” of Bitcoin. That means that everyone who had Bitcoin in their wallets in 2011 got Litecoins. For every 1 Bitcoin in your wallet at the time of launch, people received 10 Litecoins. Litecoin has a cap of 84 million Litecoins that can come into circulation.
DAI is a stablecoin which is designed to be valued 1-to-1 with the US Dollar. The cryptocurrency was created by the platform MakerDAO and launched in December 2017. MakerDAO is a decentralized organisation which is operated with collective decisionmaking where the members decide how the system should work and develop. DAI has become a popular choice for those that want to store their cryptocurrencies without the regular volatility. Contrary to USDT and USDC, MakerDAO doesn’t hold 1 dollar in the bank for each DAI in circulation. Instead, it uses a “collateral-based” system where the funds instead held in other cryptocurrencies, such as Ethereum. MakerDAO was founded by the Dane, Rune Christensen.
Chainlink is a blockchain-based platform which is designed to connect Smart Contracts with external data and systems. Chainlink was invented by Sergey Nazarov and Steve Ellis in 2014 and launched as an open platform in September 2017. Chainlinks works as an “oracle” in the decentralized finance (DeFi) sphere which gives smart contracts the ability to collect data from external sources and use them during automated decisionmaking.
Ripple is a payment platform and cryptocurrency, invented by Chris Larson, Jed McCaleb and Ryan Fugger in 2012. The purpose of the platform is to make international transactions faster, cheaper and more effective by eliminating the need for traditional currency conversions. Ripple has been endorsed by lots of banks and financial institutions because of its security, speed and ability to handle lots of transactions. The Ripple token, XRP was launched in 2013 and quickly became a popular asset amongst investors looking to diversify within the cryptocurrency markets.