Bitcoin Worth Today

Bitcoin (BTC) is currently above the key support level of $69,000, with traders expecting an eventful week ahead. This includes the release of the U.S. Consumer Price Index (CPI) report for March and a major interest rate decision from the European Central Bank (ECB).

On April 9th, BTC reached a high of $71,760 in the United States and €66,000 in the eurozone. The price corrected from the three-week highs established the day before. Interestingly, Bitcoin set new record highs against certain fiat currencies on the same day.

In terms of fiat currency denominations, the BTC/JPY exchange rate reached a new all-time high of ¥10.99 million. The BTC/GBP exchange rate also set a new record high at around £57,560. To keep track of Bitcoin’s value in real-time against different fiat currencies, you can use ‘s calculator.

Bitcoin prices can vary across different markets due to various factors. These include differences in supply and demand dynamics, access to exchanges, regulatory environments, and the efficiency of financial infrastructure in different countries. Market liquidity also plays a significant role, as Bitcoin may be more difficult to obtain in certain markets, leading to higher prices.

Currency stability also affects Bitcoin prices. In countries where the local currency is less stable compared to the U.S. dollar, Bitcoin may be seen as a safer asset, leading to higher prices. For example, a survey listed at Statista found that 47% of consumers in Nigeria and Turkey had likely engaged with cryptocurrencies in 2023, as their local currencies lost around half of their value against the dollar that year.

Balaji Srinivasan, a Silicon Valley investor and entrepreneur, argues that the U.S. dollar negatively affects other fiat currencies, draining their value. He believes that Bitcoin has the potential to flip the dollar, as it has gained significant value against the USD since its inception.

Bitcoin is currently holding above the important support level of $69,000. Traders are anticipating key events such as the release of the U.S. CPI report and the ECB’s interest rate decision. Bitcoin prices can differ across markets due to various factors, including supply and demand dynamics, access to exchanges, regulatory environments, and financial infrastructure efficiency. Currency stability also plays a role, as unstable currencies may lead to higher Bitcoin prices. Bitcoin’s value against certain fiat currencies reached new record highs recently.