Live Bitcoin and Ethereum prices in Moroccan dirhams and US dollars, with 24-hour change and a 7-day trend chart. Updated every page load from Binance public data.
BTC and ETH are global assets quoted in US dollars. To get the dirham figure, this page multiplies the USD price by the live USD/MAD rate. The rate updates roughly every 4 hours, so the MAD figure can lag a few hours behind US-dollar moves.
The 24-hour change is from Binance and reflects the rolling last-24-hour return in USD. The 7-day chart is daily closing prices, also USD.
Bitcoin's supply is fixed by its protocol: no more than 21 million coins will ever exist, and the rate of new issuance halves roughly every four years. That means the price is almost entirely a demand story. The demand side is driven by a few recurring forces: global dollar liquidity (when US interest rates fall and money is cheap, speculative assets tend to rise), institutional flows (the US approval of spot Bitcoin ETFs in January 2024 gave pension funds and brokerages a regulated way in), and sentiment cycles that swing between fear and euphoria faster than in any traditional market.
Ethereum broadly follows Bitcoin's direction but with its own drivers layered on top. ETH is the fuel of a network that runs applications, so its demand also reflects how much the network is actually used: transaction fees, staking activity, and the pace of protocol upgrades all matter. In practice, when Bitcoin falls sharply, Ethereum usually falls harder; when the market rallies, Ethereum often amplifies the move in both directions.
One structural difference from the Casablanca exchange is worth internalizing: crypto trades 24 hours a day, 7 days a week, worldwide. There is no closing bell, no daily price-limit mechanism, and no market maker obliged to provide liquidity. A position can move 10% while you sleep, and weekend moves on thin liquidity are common.
The dirham figure on this page is a multiplication: the USD price times the USD/MAD rate. That means a Moroccan holder of Bitcoin carries two exposures at once - the crypto price and the currency.
A worked example: suppose BTC trades at $100,000 and USD/MAD is 9.35, so one Bitcoin is worth 935,000 MAD. If BTC drops 5% to $95,000 while the dirham weakens 1% against the dollar (USD/MAD moves to about 9.44), the MAD value falls to roughly 897,000 MAD - a loss of about 4.1%, not the full 5%, because the weaker dirham partially cushioned the fall in local terms. The reverse also holds: a strengthening dirham quietly eats into crypto gains measured in MAD.
Because the dirham is managed against a basket weighted roughly 60% euro and 40% dollar, USD/MAD tends to move when EUR/USD moves. So a stretch of dollar strength globally often shows up as both higher USD/MAD and pressure on risk assets like crypto at the same time. The USD/MAD page covers that mechanism in detail.
Bank Al-Maghrib (BAM), Morocco's central bank, has been clear that cryptocurrency transactions are not regulated and not licensed for use as a means of payment in Morocco. A draft crypto law has been under discussion since 2022 but has not yet passed. As of today, holding or trading crypto is widely done in practice, but it is not protected under Moroccan financial-services law - if you lose money on a foreign exchange, BAM cannot help.
For Moroccan investors who care about diversification, the practical implication is: treat crypto exposure as a foreign-asset position, not a domestic financial product. The same caution that applies to unlicensed offshore brokerage accounts applies here.
Despite the absence of a licensing framework, Morocco consistently ranks among the most active crypto markets in Africa in adoption surveys. Most of that activity runs through informal channels: peer-to-peer trades arranged on messaging apps and P2P marketplaces, rather than through a licensed local exchange, because none exists. This is also connected to Morocco's exchange-control regime - the Office des Changes regulates transfers of money abroad, and funding an account on a foreign crypto exchange is not among the authorized uses of the standard foreign-currency allowances.
That informality concentrates the risks. There is no deposit protection, no licensed custodian, and no Moroccan regulator to complain to if a counterparty disappears or a foreign platform freezes withdrawals. Scams that would be prosecutable in a regulated market - fake investment groups, phishing sites imitating exchanges, "guaranteed return" schemes - circulate freely, and recovery of lost funds is rare. The tax treatment of crypto gains is also unsettled, which creates its own uncertainty for anyone holding meaningful amounts.
None of this is a prediction that the status quo lasts. BAM has publicly worked on a draft framework, and countries across the region have moved from prohibition toward regulated licensing. If Morocco follows, the practical picture on this page changes substantially. Until then, the honest summary is: widely held, actively traded, legally unprotected.
The single most important number for a Moroccan saver looking at this page is not today's price - it is the size of historical drawdowns. Bitcoin has lost more than 70% of its value from peak to trough more than once (2018 and 2022 are the recent examples), and single-day moves of 5% or more are routine. For comparison, the MASI's worst full-year loss in the last two decades was far shallower, and gold - the traditional refuge asset for Moroccan households - rarely moves 2% in a day.
That volatility difference has a direct sizing implication. An allocation that would be conservative in Moroccan equities or fund units can be aggressive in crypto simply because the same dirham amount can halve in a quarter. The common-sense framing used in our portfolio guide applies with extra force here: money needed within a few years, or money whose loss would change your life, does not belong in an asset with this profile. Crypto exposure, for those who choose it, sits at the far end of the risk spectrum - after the emergency fund, after diversified core holdings, and in an amount you could watch fall by half without being forced to sell.
Most Moroccan readers see crypto prices in USD only and have to convert mentally. Quoting both USD and MAD on one page makes the local impact visible - especially when the dirham is moving against the dollar at the same time as crypto. A 5% BTC drop combined with a 1% MAD weakening looks larger from a Moroccan saver's perspective than the headline USD move alone.
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