What is a cryptocurrency ticker?

Each cryptocurrency has its own ‘ticker’ or abbreviated symbol that is used to identify it when trading on an exchange or viewing a trading chart. Bitcoin has the ticker ‘BTC’, Ethereum has the ticker ‘ETH’, Litecoin’s ticker is ‘LTC’ and so on.

What is a market in cryptocurrency trading?

When trading on an exchange or analyzing a cryptocurrency’s chart, you are limited to specific fiat and cryptocurrencies that another digital asset can be traded against. A ‘market’ refers to these fundamental currencies.

What is currency exchange rate?

The exchange rate is the current value of any currency relative to another currency. As a result, rates are quoted for currency pairs, such as the EUR/USD (euro to U.S. dollar). Exchange rates fluctuate constantly in response to economic and political events. 14 These fluctuations create the market for currency trading.

What currencies are traded in a currency exchange?

Currencies being traded are listed in pairs, such as USD/CAD, EUR/USD, or USD/JPY. These represent the U.S. dollar (USD) versus the Canadian dollar (CAD), the Euro (EUR) versus the USD, and the USD versus the Japanese Yen (JPY). There will also be a price associated with each pair, such as 1.2569.