Global cryptocurrency market dynamics on April 29, 2025In the global cryptocurrency market, Bitcoin has always been the focus of investors. However, what exactly does the code "BTC" for Bitcoin stand for? It is still a question in the minds of many novice investors. This article will explore the origin, meaning and importance of the code "BTC" in the market1. The origin and meaning of BTC

The Bitcoin Manual"BTC" is the code name for Bitcoin, which is widely used in major cryptocurrency exchanges and financial platforms. However, you may not know that this code name was not directly designated by Satoshi Nakamoto, the founder of Bitcoin. In fact, BTC, as the code name for Bitcoin, is specified by the International Organization for Standardization (ISO) in its ISO 4217 standard.According to ISO 4217, the currency code of all non-sovereign countries should start with "X", such as the currency code for gold is "XAU". Therefore, the ticker of Bitcoin was designated as "XBT" to comply with this international standard. However, since the ticker "BTC" has long been widely accepted and used in the cryptocurrency community, many exchanges and platforms still use "BTC" as the ticker of Bitcoin.2. The relationship between BTC and XBTAlthough "BTC" and "XBT" both represent Bitcoin, their usage scenarios are different. "BTC" is a common ticker for Bitcoin, which is widely used in major cryptocurrency exchanges and financial platforms. "XBT" is the Bitcoin ticker specified in accordance with the ISO 4217 standard, which is mainly used in financial institutions and international trade.It should be noted that although "BTC" and "XBT" are different in form, they represent the same digital asset - Bitcoin. Therefore, whether you see "BTC" or "XBT" on the exchange, it can be understood as Bitcoin3. The importance of BTC in the marketAs the world's highest-valued cryptocurrency, Bitcoin plays an important role in the market. According to the latest data, the price of Bitcoin has exceeded the $90,000 mark, setting a record high. This price increase is mainly driven by the following factors:Institutional investor participation: More and more institutional investors are beginning to include Bitcoin in their investment portfolios, driving an increase in Bitcoin demand.Changes in the macroeconomic environment: Increased uncertainty in the global economy has led investors to view Bitcoin as a safe-haven asset.Technological progress: The upgrade and expansion of the Bitcoin network has improved its transaction efficiency and security, and enhanced investor confidence.However, despite Bitcoin's strong performance in the market, its price volatility remains high. When participating in Bitcoin investment, investors should fully understand its risks and make decisions based on their own risk toleranceIV. Advantages of XBIT decentralized exchange platformIn the process of Bitcoin trading, it is crucial to choose a safe and reliable trading platform. XBIT decentralized exchange platform (hereinafter referred to as "XBIT") has become the first choice of many investors with its advanced technology and high-quality services.XBIT decentralized exchange platform adopts a decentralized trading model, and all transactions are completed on the blockchain through smart contracts, ensuring the transparency and security of transactions. In addition, XBIT also provides a variety of trading tools and functions to meet the needs of different investors.It is worth mentioning that the XBIT decentralized trading platform performs well in Bitcoin trading. The platform provides real-time Bitcoin price data and in-depth analysis to help investors make wise decisions.V. Summary"BTC" as the code name of Bitcoin originates from the provisions of the International Organization for Standardization, but in the cryptocurrency community, "BTC" has become synonymous with Bitcoin. Whether it is "BTC" or "XBT", they represent the same digital asset-Bitcoin.When choosing a Bitcoin trading platform, the XBIT decentralized exchange platform has become the preferred choice for investors with its safe, transparent trading model and rich functions. Investors should choose a suitable trading platform and make rational investments based on their own needs and risk tolerance