Ethereum: Getting BTC-E historical prices

Getting Historical Prices of Bitcoin (BTC) on Ethereum (ETH)

Ethereum: Getting BTC-E historical prices

As one of the largest altcoins, Bitcoin (BTC) is widely followed by traders and investors. When it comes to analyzing its performance in relationship to other cryptocurrencies, including ethereum (ETH), undersanding historical price is essential. However, most exchanges and apis provide only access to current tick prices. In this article, we’ll explore the limitations of fetching historical prices for BTC-E on ETH and discuss potential workarounds.

Limitations of Current API

The official bitcoin api documentation highlights that it supports only retrieving
current tick prices from the Bitcoin Network. This is Likty Due to Several Reasons:

  • Network Complexity : The Bitcoin Network has a high degree of decentralization, making it challenging for exchanges to accurately fetch historical data without compromising performance or introducing significant delays.

  • Transaction Volume

    : The number of transactions per second (TPS) on the Bitcoin Network can be substantial, leading to increased latency and overhead when fetching historical prices.

  • Aggregation : Exchanges typically aggregate data from multiple sources (e.g., exchanges, wallets) to provide a comprehensive view of market activity. However, this process involves significant computational resources, which may not be feasible for older price points.

Workarounds: Fetching Older Ticks

While fetching current tick prices might not be possible, there are alternative approaches that allow you to access historical data:

  • API Integrations : Exchanges often provide apis that enable developmenters to integrate with their platforms and retrieve historical data using third-party libraries or tools. For Example:

* Binance provides a Get/API/V3/Ticker/Price Endpoint for Ethereum.

* Coinbase Pro Offers a Get/API/V4/ETH/LASTTX method, which fetches the last executed transaction on the Ethereum Network.

  • Price Index Services : Some organizations specialize in providing historical price for various cryptocurrencies, including BTC-E and ETH. These services often charge a subscription fee or use a one-time payment model:

* Cryptocompare's Historical Prices API Offers Access to Bitcoin and Ethereum Prices from Various Sources, Including Exchanges and Market Makers.

* Cryptoslate's Price Index Provides Historical Data on Ethereum Prices, sourced from multiple providers.

  • Custom scripts : For more advanced users, you can develop custom scripts using programming languages ​​like python or javascript. These scripts can fetch historical price from apis or archives:

* Use libraries likeRequeststo make http requests to Bitcoin's mainnet or other exchanges' apis.

* Utilize libraries likepandasfor data manipulation and analysis.

Conclusion

While fetching current tick prices might not be feaseb, there are alternative approaches available. By Exploring API Integrations, Price Index Services, and Custom Scripts, You Can Access Historical Price Data for Bitcoin (BTC) on Ethereum (ETH). Always review the terms and conditions of each service to understand their usage policies and pricing structures.

Additional Resources

  • Binance:Get/API/V3/Ticker/Price

  • Coinbase Pro:Get/API/V4/ETH/LASTTX

  • Cryptocompare’s Historical Prices API

  • Cryptoslate’s Price Index

Ethereum Long Take