Although Bitcoin is the most popular cryptocurrency and the first one in terms of market cap, it is also known for being extremely volatile. With the advancements in the cryptocurrency market, there are different ways for investors to avoid losses by monitoring the exchange rate.
If you want to be among these cautious investors, there are different ways you can ensure you’re always updated on cryptocurrency activities, especially with Bitcoin. This guide contains the top five websites available for you to continuously monitor the BTC price movement.
Let’s take a look at them!
5 Top Sites for Monitoring the Bitcoin Exchange Rate
We selected popular websites among traders and prepared an overview.
Godex is an exchange platform popular among crypto investors and traders. Apart from exchanging cryptocurrencies, investors can live-track rate changes (e.g., BTC to XMR exchange rate), present rates, and trading volumes. It is continuously connected to the most reliable exchanges on the market to provide investors with the best exchange rates and comparisons.
BitcoinCharts is well-known as being among the most detailed sites that track Bitcoin price movements. It monitors the rate between Bitcoin and fiat money or cryptocurrencies. If you need more information, you can check out their charts that analyze price movements and technical indicators to help investors make better trading decisions.
CoinDesk will show you the price movement of different types of cryptocurrencies, including Bitcoin. It has a Bitcoin Price Index dependent on BTC price movement from top exchanges such as Bitstamp, Bitfinex, and BTC-e. From their graphs, investors can get information on the BPI or BTC price data. You can also get historical data and closing and opening prices with CoinDesk.
Next is Bitcoinity, another place to monitor the BTC exchange rate. It tracks the BTC price by getting information from a wide range of currencies and exchanges. It also sets itself apart from other currencies by allowing you to customize the tracking. So, you can choose the precision of the price, the value you want it to be in, and more.
Finally, we have CoinGecko, which gives traders an essential and comprehensive analysis of the BTC market and price movement, among other cryptocurrencies. It also monitors main events, the cryptocurrency community’s activity and growth, the development of the open-source code, and the critical metrics. It presents this information in a basic format for novice investors.
Now, by understanding the main features of these platforms, you will be able to experiment and choose the one you like most.
Invest in Bitcoin with the Right Kind of Info
Without the right kind of information, you can end up investing in Bitcoin at the wrong time and suffering losses. That’s why it’s a good idea to keep an eye on the exchange rate and price movement.
There are a lot of places where you can do this. Choose the one that informs you the best, or use them in parallel.