The BTC/EUR pair consists of the most popular cryptocurrencies and one of the most traded fiat currencies; therefore, it attracts numerous traders globally. Interested? Start trading BTC/EUR CFDs with FXOpen today!

Open a trading account

What Is BTC/EUR CFD Trading?

BTC/EUR CFD trading involves buying and selling Contracts for Difference (CFDs) of the Bitcoin to euro pair. CFDs are financial derivatives that allow traders to speculate on the price movements of underlying assets without actually owning them.

The BTC/EUR rate reflects how many euros you will receive if you want to convert your BTC to EUR.

Bitcoin is a digital or virtual cryptocurrency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a decentralised and peer-to-peer network of computers, and it is not controlled by any central authority, such as a government or central bank.

The euro is the official currency of the Eurozone, which is a group of 19 out of the 27 European Union member states that have adopted it as their official currency. The euro is one of the world's major reserve currencies and is the second most traded currency in the world after the US dollar.

Note that the exchange rate of EUR to BTC isn’t the same as the rate of BTC to EUR.

To get the most up-to-date insight into the recent performance of this pair, check the BTC to EUR chart on the TickTrader platform. It can help you make informed decisions at home or on the go – no matter if you use the desktop version, web terminal, or mobile app. Our real-time chart includes the very latest prices, historical data, and technical analysis tools to help guide your next trade.

Historical Price Performance of BTC/EUR

Here are the most exciting price fluctuations of the BTC/EUR pair:

The first significant bull run in the pair started only in 2017. 2017 was a pivotal year for Bitcoin as its price experienced an explosive rally, and by the end of the year, it broke above 12,000 euros. The bull run was fueled by growing interest from institutional investors and retail traders.

Following the 2017 peak, Bitcoin's price entered a prolonged bear market in 2018, with prices declining significantly. This bear market continued into 2019.

In 2020, Bitcoin's price began to recover from the bear market. The COVID-19 pandemic and the economic uncertainty it brought prompted increased interest in Bitcoin as a hedge against inflation and economic instability. Bitcoin's price saw a strong resurgence, and in March 2021, it broke above 50,000 euros. However, the following correction drove the BTC price to 25,000 euros in May 2021.

In July 2021, the price spiked again and tested levels above 52,000 in October. Soon, another sell-off brought Bitcoin to 16,000 in December 2022. After that, the price started recovering.

Fortunately, FXOpen allows traders to take advantage of both surges and plunges in the market via CFD trading.

Major Factors That Affect the BTC/EUR Rate

The exchange rate of the Bitcoin/euro pair is influenced by a range of factors, both fundamental and market-specific. Here are some major ones:

The level of adoption and popularity of Bitcoin in Europe and the Eurozone countries can significantly impact the demand for BTC in euro terms. Increased adoption can drive up the BTC/EUR rate.

Market sentiment plays a crucial role in the cryptocurrency market. Positive sentiment, driven by news of adoption by major institutions or regulatory clarity, can lead to buying interest. Also, regulatory developments in Europe can have a substantial impact on the BTC/EUR rate. Clarity and regulation can provide confidence to investors and institutions, while stricter regulations or bans can lead to a decrease in demand.

Economic events, such as recessions, financial crises, and currency devaluations, can influence the BTC/EUR rate. Bitcoin is sometimes seen as a safe-haven asset and may experience increased demand during times of economic uncertainty.

Bitcoin undergoes periodic halving events, reducing the rate at which new Bitcoins are created. These events, which occur approximately every four years, can influence supply dynamics and impact the BTC/EUR rate.

Open a trading account

Cryptocurrency trading via CFDs is only available to our Professional clients o find out more information about how this may affect you, please get in touch with our team.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.