Today’s Bitcoin (BTC) price is $108,921.01**, with a 24-hour trading volume of **$44.86 billion. BTC shows a 0.00% change over the past 24 hours. The circulating supply stands at 19.89 million BTC, with a maximum cap of 21 million BTC.
What Is Bitcoin?
Bitcoin (BTC) is the world’s first cryptocurrency, built on distributed ledger technology (blockchain) and secured by proof of work (PoW). Unlike traditional currencies, it operates without central bank or government backing. Created by Satoshi Nakamoto (a pseudonym for an individual or group), Bitcoin’s whitepaper was published on October 31, 2008. Today, it remains the largest cryptocurrency by market dominance.
👉 Learn how to buy Bitcoin securely
Brief History of Bitcoin
Nakamoto mined the first Bitcoin block (Genesis Block) on January 3, 2009. Early adoption was limited to tech enthusiasts until the first Bitcoin exchange launched in July 2010, with prices ranging from $0.0008 to $0.08. Nakamoto later transferred network control to developer Gavin Andresen, spurring global collaboration on Bitcoin’s codebase.
Over the past decade, Bitcoin has evolved into a digital asset class, with individuals, corporations, and even nations integrating it into their financial strategies.
How Does Bitcoin Work?
Bitcoin operates via a public ledger (blockchain) maintained by decentralized participants. Transactions are validated through mining—solving complex puzzles to add blocks to the chain. Miners earn BTC as rewards, incentivizing network security. This process uses the PoW consensus algorithm, ensuring transparency and immutability.
👉 Deep dive into Bitcoin’s technical mechanics
Use Cases for Bitcoin
- Peer-to-peer payments: Send/receive value globally without intermediaries.
- Merchant transactions: Purchase goods/services from BTC-accepting vendors.
- Store of value: Hedge against inflation (often called "digital gold").
- Trading & Investment: Traded on exchanges as a speculative asset.
Bitcoin FAQs
1. What’s Bitcoin’s current price?
BTC fluctuates in real-time; check live trackers for updates.
2. What determines Bitcoin’s value?
Scarcity (21M cap), adoption rates, market demand, and macroeconomic trends.
3. Can you convert BTC to cash?
Yes—via exchanges, peer-to-peer platforms, or BTC ATMs.
4. How many Bitcoins exist?
~19.89M mined; the remaining ~1.11M will be released gradually by 2140.
5. Which wallets support BTC?
Options include hardware (Ledger), software (Electrum), and mobile wallets (Trust Wallet).
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