BTC / MGA Live Price

1 BTC - Bitcoin Malagasy Ariary - MGA

MGA 510,231,000
24 Hour Change : -MGA 6,016,170
24 Hour Change % : -1.17%
24 Hour High : MGA 519,444,000
24 Hour Low : MGA 505,234,000
Market Cap : 10157.97 Trillion MGA
24 Hour Volume : 184.77 Trillion MGA
Available Supply : 19.91 Million BTC
Total Supply : 19.91 Million BTC
Country : Madagascar

$1 USD MGA 4,440 MGA

BTC/MGA Intraday Chart

BTC/MGA Historical Chart

BTC/MGA - High, Low & Average

Period High
Change from Last
Low
Change from Last
Average
Change from Last
1 Day MGA 519,444,000
-9,213,000.00
MGA 505,234,000
+4,997,000.00
MGA 516,247,668
-6,016,668.37
5 Days MGA 545,436,000
-35,205,000.00
MGA 505,234,000
+4,997,000.00
MGA 521,377,531
-11,146,531.13
1 Month MGA 548,642,000
-38,411,000.00
MGA 499,824,000
+10,407,000.00
MGA 520,351,231
-10,120,231.14
3 Month MGA 548,642,000
-38,411,000.00
MGA 439,909,000
+70,322,000.00
MGA 496,904,038
+13,326,961.73
6 Month MGA 548,642,000
-38,411,000.00
MGA 225,518,000
+284,713,000.00
MGA 455,291,243
+54,939,757.36
1 Year MGA 548,642,000
-38,411,000.00
MGA 149,855,000
+360,376,000.00
MGA 418,441,961
+91,789,038.54

BTC/MGA - Support & Resistance

Support Resistance
R1 MGA 522,049,779 S1 MGA 507,839,779
R2 MGA 530,457,668 S2 MGA 502,037,668
R3 MGA 536,259,779 S3 MGA 493,629,779

BTC/MGA - Moving Averages

Period MA 20 MA 50 MA 100
5 Minutes MGA 513,652,399 MGA 515,093,355 MGA 512,297,988
1 Hour MGA 511,800,410 MGA 511,800,410 MGA 511,800,410
1 Day MGA 518,759,273 MGA 512,833,999 MGA 494,356,066
1 Week MGA 469,096,719 MGA 423,262,960 MGA 317,156,901

BTC/MGA - Trading Signal

Period Signal
5 Minutes Sell
1 Hour Neutral
1 Day Buy
1 Week Buy

Historical Bitcoin to Malagasy Ariary Price Movement

The BTC/MGA currency pair represents Bitcoin’s valuation against the Malagasy Ariary (MGA). Madagascar’s currency depreciation, reliance on cash-based economies, and limited banking infrastructure have led to growing interest in Bitcoin as an alternative asset. BTC/MGA is influenced by Madagascar’s monetary stability, import dependency, and the emergence of informal crypto markets across the island nation.

Historical Overview of BTC/MGA Price Trends

2017–2019: Bitcoin Gains Footing Amid Currency Weakness

  • BTC/MGA rose to MGA 50 million by late 2017, as Bitcoin adoption grew globally.
  • Access to Bitcoin was limited to tech communities using P2P platforms due to absence of local exchanges.
  • Bitcoin started being used for cross-border purchases, especially in urban centers like Antananarivo.

2020–2021: Bull Run and Rising Informal Market Adoption

  • BTC/MGA surged to MGA 210 million by the end of 2021, reflecting Bitcoin’s global rally.
  • Madagascar’s informal economy increasingly adopted Bitcoin for trade settlement and remittances.
  • The Central Bank of Madagascar maintained a neutral stance, observing global regulatory developments.

2022: Correction Phase with Sustained Informal Demand

  • BTC/MGA corrected slightly to MGA 190 million amid global crypto market downturns.
  • Despite the correction, Bitcoin remained a key hedge against local currency depreciation and import-driven inflation.
  • P2P Bitcoin markets expanded across secondary cities like Toamasina and Fianarantsoa.

2023: Stabilization and Grassroots Expansion

  • BTC/MGA stabilized near MGA 200 million as global markets began recovering.
  • Bitcoin’s role in remittance channels and cross-border e-commerce transactions solidified further.
  • Public discussions on digital asset policies began within Madagascar's financial regulatory circles.

2024–2025 (YTD): Halving Rally and Informal Market Growth

  • Following the 2024 halving, BTC/MGA reached MGA 340 million in Q1 2025.
  • As of April 2025, BTC/MGA trades between MGA 335–340 million.
  • Grassroots crypto adoption initiatives continue to thrive amidst lack of formal regulatory frameworks.

BTC/MGA Yearly Comparison Table

Year Avg. Price (MGA) Year High Year Low Annual Performance Market Factors
2017MGA 45 millionMGA 50 millionMGA 25 million✅ Tech-driven adoptionCurrency weakness
2021MGA 200 millionMGA 210 millionMGA 100 million✅ Bull runInformal trade utility
2022MGA 185 millionMGA 190 millionMGA 170 million❌ Market correctionP2P expansion
2023MGA 198 millionMGA 200 millionMGA 190 million✅ StabilizationRemittance usage
2025*MGA 337.5 millionMGA 340 millionMGA 335 million✅ Halving rallyGrassroots initiatives

Key Factors Driving BTC/MGA Valuation

  • Currency Depreciation – The Ariary's consistent devaluation makes Bitcoin an attractive hedge.
  • Informal Economy Integration – Bitcoin is increasingly used in informal trade settlements and cross-border payments.
  • Remittance Efficiency – Bitcoin offers a low-cost alternative for remittance flows from the Malagasy diaspora.
  • Access Limitations – Absence of local exchanges channels Bitcoin adoption through P2P networks.
  • Global Bitcoin Cycles – BTC/MGA aligns with international halving events and market movements.

BTC/MGA Market Structure Insights (2025)

  • P2P platforms and informal OTC markets are the primary Bitcoin access points in Madagascar.
  • SMEs and traders leverage Bitcoin to manage cross-border transactions amidst forex constraints.
  • Regulatory dialogues have begun, but formal crypto policies are yet to be implemented.
  • Bitcoin-focused grassroots initiatives aim to enhance digital financial literacy in Madagascar.

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