How to track Bitcoin price: 10 Tracking Methods

Want to know how to track Bitcoin prices like a pro?

You’re in the right place.

With Bitcoin’s value always changing, it’s hard to keep up.

In this blog, we’ll show you 10 different methods to stay on top of Bitcoin prices.

From popular tools like CoinMarketCap to advanced techniques and apps, we’ve got you covered.

Best Bitcoin Price Tracking Tools

CoinMarketCap

CoinMarketCap is a go-to tool for many. It covers a vast range of cryptocurrencies and updates prices continuously. Some key features include:
– Comprehensive Data: Prices, market caps, and volume for thousands of coins.
– Historical Data: Full price history for deep analysis.
– User-Friendly Interface: Easy to navigate with customizable views.

To set up price alerts on CoinMarketCap:

Create an account and log in.
Navigate to the coin you’re interested in.
Click on the “Alerts” button.
Set your price threshold and notification preferences.

CoinGecko

CoinGecko offers an alternative with a slightly different focus. It also tracks a wide variety of coins and provides in-depth information. Notable features include:
– Extensive Metrics: In addition to prices, it tracks developer activity.
– Community Data: Follows coin popularity among users.
– API Access: Useful for integrating with other tools.

To use CoinGecko’s API:

Sign up or log in to your CoinGecko account.
Go to the API documentation section.
Generate your API key and integrate it into your applications.

Evaluation Criteria

To get a proper view of CoinMarketCap and CoinGecko, I’ll break down each on the following criteria:
– Unique Selling Point (USP)
– User Experience and Interface
– Writing Quality and Versatility
– Integrations and Compatibility
– AI Tech and Customization
– Performance
– Reliability
– Accuracy and Error Rate
– Cost Comparison
– Learning Curves
– Custom Support

These sections will help you decide the best platform to track Bitcoin prices for your needs.

Real-Time Bitcoin Price Apps

TL;DR:
– Learn how to set up Blockfolio and Delta apps.
– Receive immediate alerts on Bitcoin price changes.
– Easily track multiple cryptocurrencies.

Blockfolio

How to Install and Configure Blockfolio

Download the App:
Go to the App Store (iOS) or Google Play Store (Android).
Search for “Blockfolio” and download the app.
Open Blockfolio:
Launch the app from your home screen.
Create an Account:
Tap on “Sign Up”.
Enter your email and choose a password.
Confirm your email with the link sent to your inbox.
Configure Initial Settings:
Open the app and sign in using your credentials.
Choose your preferred currency (USD, EUR, etc.) for price tracking.

[Image showing Currency Setting]

Add Bitcoin to Your Portfolio:
Tap on the “Add Coin” button at the bottom.
Search for Bitcoin (BTC) and select it.
Enter the amount you hold and tap “Add to Portfolio”.

[Image showing Add Coin option]

Verify Your Portfolio:
Ensure Bitcoin appears in your portfolio with the correct amount.

Real-Time Alerts and Notifications

Navigate to Alerts:
Tap on the “Alerts” tab at the bottom.
Set Up a Price Alert:
Tap the “+” icon.
Choose Bitcoin (BTC).
Set your desired price threshold.
Choose whether you want to receive alerts when the price goes above or below this threshold.
Save the alert.
Customize Notification Settings:
Go to the “Settings” section from the main menu.
Ensure that notifications are enabled.
Customize the type of alerts you want to receive (price changes, major news, etc.).
Save your settings.

“Bitcoin Could Hit New All-Time High In Next Two Weeks If This Key Level Breaks, Says Top Analyst.” – Source: Moomoo

Here is a comprehensive guide for further reading.

Delta

How to Track Multiple Currencies

Download the App:
Go to the App Store or Google Play Store.
Search for “Delta” and download the app.
Open Delta:
Launch the app from your home screen.
Create an Account:
Tap “Sign Up”.
Provide your email and create a password.
Verify your email.
Initial Setup:
Sign in to the app.
Choose your primary currency setting (USD, EUR, etc.).
Add Cryptocurrencies:
Tap the “Add Investment” button.
Search for Bitcoin (BTC) and any other cryptocurrencies you want to track.
Enter the amount you hold for each coin.
Add them to your portfolio.

[Image showing Add Investment option]

Verify Your Portfolio:
Ensure all the added cryptocurrencies appear correctly in your portfolio.

MANUAL CHECK – Ensure all new steps are aligned with the latest app version. Verify settings if changed.

Customizing Notifications

Navigate to Alerts:
Tap the “Alerts” tab at the bottom or in the menu.
Set Price Alerts:
Tap “+ Create Alert”.
Choose a cryptocurrency (e.g., Bitcoin).
Set the price conditions (rise above or drop below a specified value).
Save the alert.
Enable Notifications:
Go to “Settings” from the main menu.
Ensure notifications are turned on.
Customize which notifications you would like to receive (price changes, news, etc.).
Review and save your settings.

[Image showing notification settings]

Learn more about tracking multiple currencies with Delta.

For those asking “Where can I check Bitcoin rate?”, both Blockfolio and Delta are excellent real-time apps for monitoring Bitcoin prices. They not only show live Bitcoin prices but also allow for tracking other cryptocurrencies and setting up customized alerts. Whether you’re looking for the current rate or detailed statistics, these apps are a comprehensive solution.

Comparing Bitcoin Price Trackers

It’s essential to compare Bitcoin price trackers based on specific criteria. This section will help you understand the differences between various tracker tools on accuracy, features, and user interface.

Criteria for Comparison

Accuracy

Accuracy is the most critical factor when choosing a Bitcoin price tracker. In our tests, we found that CoinMarketCap tracks over 25,000 cryptocurrencies and 600 exchanges. This puts it ahead in terms of breadth and depth of data. However, CoinStats offers a built-in crypto swap and integrates with over 300 wallets and exchanges, which ensures real-time accuracy for those specific wallets.

Features

Bitcoin price trackers offer diverse features that cater to different needs.

Feature	CoinMarketCap	CoinStats
Crypto Count	25,000+	20,000+
Wallet Support	Only exchanges	300+ wallets and exchange
Additional Features	Market stats, news	Crypto swap, wallet, earning program

In our experience, CoinStats provides a broader range of features for active traders with its wallet and earning program integration.

User Interface

The usability of a tracker can significantly affect user experience. CoinMarketCap’s interface is straightforward but tends to feel cluttered due to the vast amount of information. CoinStats, on the other hand, has a more streamlined design, making it easier for users to navigate.

Best Trackers in Different Categories

Best for Beginners

For beginners, ease of use and accessibility are key. CoinMarketCap stands out due to its simple setup process and understandable data presentation. The comprehensive charts and news sections help new users get up to speed quickly.

Best for Advanced Users

Advanced users may prefer CoinStats because of its robust feature set, including the crypto swap and support for numerous wallets and exchanges. The integration with many platforms allows for a tailored tracking experience, optimizing for accuracy and breadth of information.

Declaring a Winner

Based on our tests and comparisons, CoinStats emerges as the best overall Bitcoin price tracker. Its broad feature set, support for multiple wallets and exchanges, and user-friendly interface make it a superior choice for both beginners and advanced users. Whether you’re just getting started or already deep into crypto, CoinStats offers the tools and integration options that many other trackers lack.

Essential Bitcoin Price Monitoring Techniques

Set up alerts for real-time monitoring.
Use historical data to understand trends.
Leverage tools and apps for accurate tracking.

Setting Up Alerts

How and When to Set Price Alerts

Setting price alerts allows you to stay updated on Bitcoin price movements without actively watching the charts. Here’s how to do it:

Choose a Platform: Use trusted sites like CoinMarketCap, CoinGecko, or apps like Bitcoin Monitor. Make sure they offer real-time alerts.
Create an Account: Register an account on the chosen platform. Verify your email for full access to features.
Set Alerts: Navigate to the alerts section. Select Bitcoin and set the criteria. You can choose specific price thresholds or percentage changes.
Customize Notifications: Decide how you wish to receive alerts—SMS, email, or push notifications. This customization ensures you get timely updates.
Test Alerts: Manually trigger a low threshold to test if the alert system works. This step confirms that you’re properly set up.

More detail on setting up alerts can be found here

Tools and Apps for Alerts

Various tools and applications can help you set up and manage alerts effectively:

CoinMarketCap: Offers an easy-to-use alerts feature within their app and website.
CoinGecko: Provides detailed price tracking and alert notifications via email and mobile apps.
TradingView: Known for its comprehensive charting tools, it also supports price alerts that can be customized extensively.
Bitcoin Monitor: This mobile app is user-friendly and offers real-time price tracking and AI-driven trade signals.

Using these tools ensures you won’t miss significant price movements, helping you make timely trading decisions.

Analyzing Historical Data

How to Find Historical Price Data

Historical price data helps in understanding the trends and making informed predictions about future price movements. Follow these steps to find accurate historical data:

Use Trusted Websites: Platforms like CoinMarketCap, Coinbase, and Binance offer comprehensive historical data.
Navigate to Historical Data Section: Once on these platforms, locate the ‘Historical Data’ tab, typically found in the coin’s profile page.
Specify Time Frame: Select the time frame you are interested in. Options often include daily, weekly, or monthly data.
Download Data: Many sites offer the option to download CSV files for offline analysis. This feature is useful for deeper analysis using tools like Excel.

Best Practices for Analysis

Analyzing historical price data requires a clear strategy to avoid misinformation:

Look for Patterns: Identify trends by examining price movements over different periods. Note how external events, like regulatory news, impact prices.
Use Technical Indicators: Apply moving averages, Relative Strength Index (RSI), and Bollinger Bands to spot trends and potential reversals. Tools like TradingView can help with this.
Contextual Analysis: Combine price data with other indicators such as trading volume and market sentiment discussed in forums and social media. This helps to get a more nuanced picture.
Keep Records: Maintain a log of your analyses. Note the dates and conclusions drawn from the data to refine your future strategies.

For a deeper understanding, check this guide.

These steps ensure you are well-informed about past price actions, enabling better decision-making.

This section equips you with essential methods for effective Bitcoin price tracking, ensuring you stay updated and informed.

Advanced Tips for Bitcoin Price Tracking

Additional Advice or Alternative Methods

How to Use API Integrations

Identify the APIs: Choose from Moralis Web3, Amberdata, CoinMarketCap, Token Metrics, or Coinranking. Each of these APIs provides live and historical data. This is key to making informed decisions about buying or selling Bitcoin.
Sign Up: Go to the API provider’s website and create an account. For instance, CoinMarketCap and Token Metrics require you to sign up to access their services.
Generate API Key: Once you have an account, navigate to the API section to generate an API key. This key allows you to access data. Keep this key confidential to prevent unauthorized access.
Read Documentation: Each API comes with documentation detailing how to integrate it with your system. Read it carefully, focusing on how to make requests and handle responses.
Test Integration: Before using the API for actual data, run tests. Use test keys provided by the API provider to ensure your setup works properly.
Automate Data Retrieval: Write scripts to automate data collection. Use languages like Python or JavaScript. For Python, use libraries like requests to fetch data, and pandas to store it.
Monitor and Maintain: Regularly check your integration. Ensure data is accurate and update your scripts as needed.

“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” – Leon Luow, Nobel Peace Prize nominee

Example of API Key Integration setting

Best Practices for Using Multiple Trackers

Diversify Sources: Use multiple trackers like CoinGecko, CoinMarketCap, and CoinStats. This reduces the risk of relying on inaccurate data.
Cross-Check Data: Always compare data from different sources. If there are discrepancies, investigate further before making decisions.
Set Alerts on Each Platform: Use each tracker to set alerts. This keeps you updated regardless of platform outages.
Integrate APIs from Different Sources: As mentioned before, use APIs from different sources. Aggregate this data for a comprehensive view.
Document Findings: Keep records of the data you collect. This helps in analyzing trends and making informed decisions.

Common Pitfalls and How to Avoid Them

Avoid Relying on a Single Source

Use Multiple Platforms: Depend on different price tracking platforms. For instance, integrate data from CoinMarketCap, CoinGecko, and other platforms.
Cross-Reference Data: Regularly compare prices across different sources. This helps identify any discrepancies or errors.
Real-Time Updates: Ensure your chosen platforms offer real-time updates. For example, the Token Metrics Data API provides real-time price updates.

Beware of Inaccurate Data

Verify Source Credibility: Ensure the credibility of your data sources. Stick to well-known APIs like those from CoinMarketCap and Amberdata.
Check for Historical Consistency: Use platforms providing historical data. You can cross-check this data for consistency. Amberdata’s API is excellent for retrieving and cross-checking historical data.
Regular Audits: Frequently audit your data collection methods. Aim to detect and rectify inaccuracies quickly.

5 Easy Steps to Automate Bitcoin Price Tracking

When it comes to advanced tracking techniques, using APIs and multiple trackers leads to more robust data analysis. Taking steps to avoid common pitfalls enhances accuracy. These advanced tips arm you with the tools needed to stay ahead in the fast-paced world of Bitcoin trading.

Troubleshooting Common Issues

Solutions to Potential Problems

Steps to fix delayed price alerts
How to deal with differences in price data

What to Do if Price Alerts are Delayed

Price alerts can lag due to various reasons. Here are the steps to address delayed price alerts:

Check Your Internet Connection

Ensure your device is connected to a stable internet network.
If on Wi-Fi, try switching to a wired connection or vice versa.
Test the connection by loading other websites or performing a speed test.

Update the App or Tool

Go to the app store (Google Play or Apple App Store) or the software’s official website.
Search for the price tracking app or tool you’re using.
If an update is available, download and install it immediately.

Adjust App or Tool Settings

Open the Bitcoin price tracking app or tool.
Navigate to the settings menu.
Find the alerts section and double-check the notification settings.
Set a shorter update interval if the option is available.

Clear Cache and Cookies

For web-based tools, go to your browser settings.
Locate the option to clear browsing data.
Select cache and cookies and click the clear button.
Restart your browser and log back into the tracking tool.

Contact Customer Support

Visit the official website of the app or tool.
Look for the support or help section.
Submit a support ticket, providing details such as your device, operating system, and specific issue.
Follow any troubleshooting steps they suggest.

How to Handle Discrepancies in Price Data

Discrepancies in price data can occur between different tracking tools. Here’s how to handle this:

Cross-Check Multiple Sources

Open multiple Bitcoin price tracking tools, such as CoinMarketCap and CoinGecko.
Compare the prices listed on each tool.
Note any significant differences in the data.

Understand Data Sources

Investigate how each tool gathers its data.
Check if the tool relies on a single exchange or aggregates data from multiple exchanges.
Tools using multiple sources are generally more accurate.

Update and Sync Your Tools

Ensure all Bitcoin price tracking tools are updated to their latest versions.
Sync your tools to real-time data by force refreshing or manually syncing if the option is available.

Use API Integrations

Refer to the API documentation of the tracking tool.
Generate an API key if needed.
Integrate data from multiple tracking tools using APIs to get a comprehensive view.
Ensure the scripts or applications you use for integration are functioning correctly.

Monitor Exchange-specific Data

Look at Bitcoin prices on specific exchanges directly.
Compare these against your tracking tool data.
Be aware that some price discrepancies might stem from regional variations.

Log Discrepancies

Keep a detailed record of differences in price data.
Note the date, time, and specific prices listed by each tool.
This log can help you identify patterns or recurring issues.

Conclusion of Troubleshooting

By following these steps, you can resolve common issues like delayed alerts and discrepancies in price data. Accurate and timely information is crucial for effective Bitcoin price tracking. Keep your tools updated and cross-check data regularly to maintain reliability.

7. Further Resources and Reading

Related topics or advanced guides
Why this skill/task matters

Why This Skill/Task Matters

Importance of Accurate Price Tracking

Accurate price tracking is crucial for several reasons. First, it helps in identifying the best trading opportunities. Second, it minimizes risks by providing real-time data. Third, it ensures that your trading decisions are based on the most current information. This can be the difference between profit and loss.

According to dxFeed, having access to real-time, delayed, and historical market data from top exchanges ensures more accurate and timely information.

Impact on Your Trading Decisions

Your ability to track Bitcoin prices accurately impacts your trading decisions. It’s not just about knowing the price; it’s about understanding the context of the price movements. Real-time data helps in making quick decisions. Historical data allows you to see patterns and trends. Both are essential for developing trading strategies that work.

Using resources like the CMC Crypto Fear & Greed Index can add another layer to your analysis by capturing market sentiment. Another recommended read is “The Intelligent Investor” by Benjamin Graham, which although focuses on traditional investing, the principles can be applied to cryptocurrency investments.

Suggested Reference Points and Resources

Websites and Data Sources

Several sites offer robust data and insights into the cryptocurrency market:
– CoinMarketCap: Live prices, market capitalization, and Bitcoin dominance metrics.
– Amberdata: Comprehensive cryptocurrency data including live and historical prices.
– CoinGecko: Focus on metrics beyond price, including developer activity and community support.
– dxFeed: Provides normalized real-time, delayed, and historical market data.

These resources often provide APIs for integrating their data into your own systems, enabling more customized tracking and analysis.

Books and Articles

Books like “Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money” by Nathaniel Popper give a narrative history that adds context to market movements. For more practical strategies, consider “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos.

For articles, this guide on 5 Simple Ways to Track Bitcoin Price on Trading Platforms offers easy methods for tracking prices using various platforms.

Arguments For and Against This Topic

For Accurate Price Tracking

Proponents argue that accurate price tracking is foundational to any trading strategy. It helps in mitigating risks and increasing profits. Real-time alerts and comprehensive data inform better decision-making.

Against Over-Reliance on Price Tracking

Critics argue that over-reliance on price tracking can lead to information overload. It may drive hasty decisions without considering broader market trends or fundamentals. Some traders suggest a balanced approach that includes both technical analysis and fundamental analysis.

Next Steps for Deeper Learning

If you want to dig even deeper, consider signing up for courses on platforms like Coursera or Udemy focusing on cryptocurrency trading and blockchain technology. Participating in online forums such as those on Reddit or the BitcoinTalk forum can also provide practical insights and community support.

Exploring these resources will give you a well-rounded perspective and the tools to make more informed decisions, enhancing your overall trading experience and strategy.

Ready to Track Bitcoin Like a Pro?

CoinMarketCap and CoinGecko offer great features for tracking Bitcoin prices. Mobile apps like Blockfolio and Delta are also effective for real-time updates. Comparing different trackers will help you find the best fit for your needs.

Accurate price tracking can improve your trading decisions. Set up alerts using the tools discussed, and make use of historical data for deeper analysis. This skill contributes to smarter investment decisions.

Start by testing out a few tracking tools. Set up price alerts on multiple platforms. Dive into historical data analytics to spot trends.

How will you upgrade your Bitcoin tracking game today?

Don’t wait; put these methods to use now and gain better control over your Bitcoin trading.