Exchange Rate Calculator

As of May 3, 2025, Bitcoin (BTC) is trading at approximately £66,027.38 against the British Pound Sterling (GBP). This exchange rate reflects the dynamic nature of the cryptocurrency market, influenced by various factors including market demand, regulatory developments, and macroeconomic trends.

Recent Performance

Over the past few months, the BTC/GBP exchange rate has experienced notable fluctuations:

• January 2025: Bitcoin reached its highest price of the year at £85,954.06 on January 19.

• February 2025: The month saw a significant decline, with Bitcoin's price dropping by approximately 28.66%, closing at £65,199.72.

• March 2025: The downward trend continued, with a further decrease of 1.34%, closing at £64,340.14.

• April 2025: Bitcoin's price stabilized, maintaining an average around £66,000.

Technical Analysis

Technical indicators as of late March 2025 suggested a bullish outlook for BTC/GBP:

• Relative Strength Index (RSI): At 50.713, indicating a neutral position.

• Stochastic Oscillator: At 99.532, suggesting overbought conditions.

• Moving Average Convergence Divergence (MACD): At -40.8, indicating a sell signal.

Overall, the summary indicated a 'Buy' signal, with moving averages showing 9 buys and 3 sells.

Market Capitalization and Supply

Bitcoin's market capitalization stands at approximately £1.31 trillion, with a circulating supply of 19,839,246 BTC out of a maximum supply of 21 million BTC.

Future Outlook

Analysts predict a gradual increase in Bitcoin's price against GBP:

• End of 2025: Projected to reach £82,554.04.

• End of 2029: Expected to be £110,012.39.

These projections are based on current market trends and assume continued adoption and integration of Bitcoin into mainstream financial systems.

Conclusion

The BTC/GBP exchange rate has exhibited significant volatility over the past few months, influenced by market dynamics and broader economic factors. While technical indicators suggest a bullish trend, potential investors should remain cautious and consider the inherent risks associated with cryptocurrency investments.