BTC / VEF Live Price

1 BTC - Bitcoin Venezuelan Bol - VEF

VEF 114,865,000,000.00
24 Hour Change : -VEF 1,407,000,000.00
24 Hour Change % : -1.21%
24 Hour High : VEF 116,992,000,000.00
24 Hour Low : VEF 114,612,000,000.00
Market Cap : 2285960 Trillion VEF
24 Hour Volume : 41576.1 Trillion VEF
Available Supply : 19.91 Million BTC
Total Supply : 19.91 Million BTC
Country : Venezuela

$1 USD VEF 1,000,000.00 VEF

BTC/VEF Intraday Chart

BTC/VEF Historical Chart

BTC/VEF - High, Low & Average

Period High
Change from Last 		Low
Change from Last 		Average
Change from Last
1 Day VEF 116,992,000,000.00
-2,127,000,000.00		 VEF 114,740,000,000.00
+125,000,000.00		 VEF 116,271,999,988.37
-1,406,999,988.37
5 Days VEF 122,846,000,000.00
-7,981,000,000.00		 VEF 114,740,000,000.00
+125,000,000.00		 VEF 117,415,399,988.26
-2,550,399,988.26
1 Month VEF 123,568,000,000.00
-8,703,000,000.00		 VEF 112,107,000,000.00
+2,758,000,000.00		 VEF 117,341,322,568.91
-2,476,322,568.91
3 Month VEF 123,568,000,000.00
-8,703,000,000.00		 VEF 98,467,000,000.00
+16,398,000,000.00		 VEF 111,432,206,510.60
+3,432,793,489.40
6 Month VEF 123,568,000,000.00
-8,703,000,000.00		 VEF 74,556,000,000.00
+40,309,000,000.00		 VEF 100,630,988,940.21
+14,234,011,059.79
1 Year VEF 123,568,000,000.00
-8,703,000,000.00		 VEF 52,843,000,000.00
+62,022,000,000.00		 VEF 91,316,868,122.74
+23,548,131,877.26

BTC/VEF - Support & Resistance

Support Resistance
R1 VEF 117,262,666,658.91 S1 VEF 115,010,666,658.91
R2 VEF 118,523,999,988.37 S2 VEF 114,019,999,988.37
R3 VEF 119,514,666,658.91 S3 VEF 112,758,666,658.91

BTC/VEF - Moving Averages

Period MA 20 MA 50 MA 100
5 Minutes VEF 115,722,285,641.14 VEF 116,169,019,311.69 VEF 116,017,979,959.76
1 Hour VEF 115,843,900,211.20 VEF 115,843,900,211.20 VEF 115,843,900,211.20
1 Day VEF 116,906,380,940.69 VEF 115,586,666,655.11 VEF 110,768,663,355.26
1 Week VEF 104,607,999,989.54 VEF 92,438,627,441.74 VEF 70,107,435,636.55

BTC/VEF - Trading Signal

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

Historical Bitcoin to Venezuelan Bolívar Fuerte Price Movement

The BTC/VEF currency pair reflects Bitcoin’s valuation against the Venezuelan Bolívar Fuerte (VEF), the country’s former currency unit before it was re-denominated in 2018. During its existence, VEF faced hyperinflation, capital controls, and economic collapse, making Bitcoin a crucial financial refuge for Venezuelans. BTC/VEF witnessed astronomical price increases as the Bolívar Fuerte lost its value rapidly.

Historical Overview of BTC/VEF Price Trends

2015–2017: Hyperinflation Begins, Bitcoin Emerges

  • BTC/VEF soared to VEF 20 million in 2017, fueled by hyperinflation wiping out Bolívar’s purchasing power.
  • Peer-to-peer (P2P) Bitcoin markets thrived as Venezuelans sought to protect their savings.
  • Access to foreign currency was severely restricted, pushing Bitcoin adoption in urban centers.

2018: Currency Collapse and Re-denomination

  • BTC/VEF reached unimaginable heights as Venezuela re-denominated its currency by removing five zeros, transitioning to the VES (Bolívar Soberano).
  • Bitcoin usage became a survival mechanism amidst cash shortages and price instability.
  • Informal Bitcoin exchanges became the primary method for citizens to conduct trade and receive remittances.

BTC/VEF Yearly Comparison Table

Year Avg. Price (VEF) Year High Year Low Annual Performance Market Factors
2015VEF 300,000VEF 350,000VEF 200,000✅ Early inflation hedgeP2P markets surge
2017VEF 18 millionVEF 20 millionVEF 12 million✅ Hyperinflation crisisCapital controls
2018VEF 1 billionVEF 1.2 billionVEF 900 million❌ Currency collapseRe-denomination to VES

Key Factors Driving BTC/VEF Valuation

  • Hyperinflation Protection – Bitcoin became a critical hedge as VEF lost value exponentially.
  • Capital Controls and USD Scarcity – Bitcoin provided an accessible medium to bypass foreign exchange restrictions.
  • Peer-to-Peer Resilience – Informal Bitcoin networks enabled survival amidst failing banking infrastructure.
  • Remittance Dependency – BTC was heavily used for receiving remittances due to blocked traditional channels.
  • Transition to VES – BTC/VEF valuations soared until the government’s currency re-denomination to the Bolívar Soberano (VES).

BTC/VEF Market Structure Insights (Pre-2018)

  • Bitcoin became the primary store of value as VEF collapsed under hyperinflation pressures.
  • Crypto mining operations, despite crackdowns, thrived in regions with subsidized electricity.
  • P2P exchanges like LocalBitcoins became the de facto Bitcoin marketplace in Venezuela.
  • Bitcoin served as a lifeline for small businesses and individuals for daily transactions and remittance flows.

Latest Bitcoin News