Analysis of recent Bitcoin → loonie forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Bitcoin to Canadian dollar performance and trends.
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Forecasts for BTC to CAD
The BTC to CAD exchange rate recently reached 90-day highs near 149,206, reflecting a significant rebound as Bitcoin has emerged from a bear market. Analysts note that Bitcoin's recent performance has outpaced gains in U.S. stocks and gold, indicating a potential decoupling from traditional risk assets and enhancing its appeal as a safe-haven asset. This turnaround comes as a welcome relief to crypto investors after experiencing substantial losses earlier in the year. The 17.5% rise above the 3-month average of 126,955, within a volatile trading range of 109,821 to 149,206, illustrates the current bullish sentiment surrounding Bitcoin.
On the other hand, the Canadian dollar (CAD) remains relatively flat as oil prices have stalled. The CAD's value is closely linked to oil market movements, given Canada’s status as a major oil exporter. Recent data shows the oil price has traded at 65.52 USD, which is 4.5% below its 3-month average of 68.63, within a range of 60.14 to 76.54. The stalling of oil prices has left the "loonie" without a clear direction, and analysts suggest that the CAD will likely continue to trade in tandem with oil prices, especially in the absence of notable domestic economic data.
Factors influencing the CAD also include the monetary policy set by the Bank of Canada, which responds to inflation, employment data, and overall economic growth. Market experts emphasize that fluctuations in the CAD's value are often driven by the performance of the U.S. economy, as nearly 75% of Canada’s exports are bound for the United States. This interconnection means that a strong U.S. economy typically supports demand for Canadian goods and services, which can lead to a stronger CAD. Conversely, slowdowns or protectionist trade policies can put downward pressure on the currency.
Looking ahead, the trajectory of the CAD will depend on oil market trends, ongoing Bank of Canada policy decisions, and the broader global economic outlook. As analysts continue to monitor these developments, the current dynamics present an interesting backdrop for businesses and individual investors engaging in international transactions.
143,567We compare provider deals to this wholesale mid-market rate. Read more
CAD
▲+3.3% since yesterday
90d-highs
BTC to CAD is at 90-day highs near 149206, 17.5% above its 3-month average of 126955, having traded in a highly volatile 35.9% range from 109821 to 149206
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
Bitcoin (BTC) to Canadian dollar (CAD) rates from different sources before making a conversion.
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makes it easy to compare the Total Cost you are being charged on Bitcoin to Loonie currency rates and the possible savings of using various providers.
Date
BTC/CAD
Change
Period
05 May 2025
130992.26
10.8% ▲
2 Week
18 Feb 2025
135610.53
7% ▲
3 Month
19 May 2024
90192.99
60.9% ▲
1 Year
20 May 2020
13235.40
996.6% ▲
5 Year
22 May 2015
295.05
49091.6% ▲
10 Year
BTC/CAD historic rates & change to 19-May-2025
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Will the Bitcoin rise against the Canadian dollar?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add BTC/CAD to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more