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    1 BTC = 62,547.8 USD
    Last updated 2024-10-13 19:33:17(UTC-0)
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    Bitcoin price live data summary

    The live price of Bitcoin is $62,547.8 per (BTC / USD) today with a current market cap of $1.24T USD. The 24-hour trading volume is $16.85B USD. BTC to USD price is updated in real time. Bitcoin is -0.77% in the last 24 hours. It has a circulating supply of 19,767,190 .

    What is the highest price of BTC?

    BTC has an all-time high (ATH) of $73,750.07, recorded on 2024-03-14.

    What is the lowest price of BTC?

    BTC has an all-time low (ATL) of $0.04865, recorded on 2010-07-14.
    Calculate Bitcoin profit

    Bitcoin price prediction

    When is a good time to buy BTC? Should I buy or sell now?

    When deciding whether to buy or sell BTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BTC technical analysis can provide you with a reference for trading.
    According to the BTC 4h technical analysis, the trading signal is Buy.
    According to the BTC 1d technical analysis, the trading signal is Buy.
    According to the BTC 1w technical analysis, the trading signal is Buy.

    What will the price of BTC be in 2025?

    Based on BTC's historical price performance prediction model, the price of BTC is projected to reach $127,612.34 in 2025.

    What will the price of BTC be in 2030?

    In 2030, the BTC price is expected to change by -13.80%. By the end of 2030, the BTC price is projected to reach $202,829.36, with a cumulative ROI of +221.92%.

    Bitcoin ratings

    Average ratings from the community
    4.8
    117 ratings
    This content is for informational purposes only.

    About Bitcoin (BTC)

    About Bitcoin

    Bitcoin (abbreviation: BTC; sign: ₿) is the world's first and most traded cryptocurrency. Stored and traded securely online, Bitcoin enables transparent, decentralized transactions. It's divisible into smaller units called satoshis, where each satoshi equals 0.00000001 bitcoin, facilitating micro-transactions in the evolving crypto economy.

    Despite its name, Bitcoin is not a physical coin. It exists purely as digital data on the blockchain, a distributed ledger that records all transactions made with Bitcoin. This digital nature allows for secure and efficient transfer of value without the need for intermediaries such as banks. Users store their bitcoins in digital wallets, which can be software-based or hardware-based for added security.

    What Is Bitcoin (BTC)?

    Bitcoin (BTC) is a decentralized cryptocurrency introduced in 2008 by the pseudonymous Satoshi Nakamoto in the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System ." Officially launched in January 2009, Bitcoin allows for peer-to-peer transactions. Users can send and receive payments directly, without intermediaries, enhancing both efficiency and privacy in financial exchanges.

    The core technology behind Bitcoin is the blockchain , a distributed ledger that records all transactions transparently and securely. This system ensures the integrity of Bitcoin's transactional processes. The total supply of Bitcoin is fixed at 21 million, a feature that helps prevent inflation. Each Bitcoin can be divided into smaller units, with the smallest being a "satoshi" or "sat"(0.00000001 BTC), enabling microtransactions and enhancing its usability.

    History of Bitcoin

    Bitcoin was launched in January 2009 by an individual or group using the pseudonym Satoshi Nakamoto. This digital currency, outlined in the whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” introduced a decentralized system for peer-to-peer transactions, a concept building on existing cryptographic and computer science theories. The first block on the Bitcoin network, known as the genesis block, was mined by Nakamoto. This marked the start of a new form of currency, distinct in its lack of reliance on central financial institutions.

    A significant milestone in Bitcoin's history occurred on May 22, 2010, a date now celebrated as "Bitcoin Pizza Day ." On this day, programmer Laszlo Hanyecz executed the first known commercial transaction using Bitcoin, purchasing two pizzas for 10,000 Bitcoins in Florida. This event highlighted the currency's real-world utility and set a precedent for its future value.

    Since its inception, Bitcoin has seen substantial growth and fluctuating values , reaching a peak price of over $73,000 in March 2024. This cryptocurrency has attracted a large community of developers, contributing to its evolution through software improvements, security enhancements, and new features. The anonymity of its creator, Satoshi Nakamoto, further underscores this aspect of decentralization.

    How Bitcoin Works

    Bitcoin is a digital financial system notable for its decentralized structure, cryptographic security, and reliance on mathematical principles. Unlike traditional banking systems with central control, Bitcoin operates on a decentralized network. This network consists of nodes, which are computers running the Bitcoin software. Nodes validate and record all transactions on a public ledger known as the "blockchain." By maintaining a copy of the entire blockchain, nodes ensure the integrity and security of the network, communicating with each other to propagate transaction information and prevent any single point of failure.

    The Role of Blockchain in Bitcoin Transactions

    Essentially, a blockchain is a digital chain of blocks that grows over time. Each block in this chain contains transaction details and is linked to the previous block through a unique cryptographic code. This structure ensures the security of data and makes it difficult to alter past transactions.

    When one user sends Bitcoin to another, the blockchain records this transaction. The record shows the sender, the receiver, and the amount of Bitcoin transferred. Instead of relying on a central authority to manage these transactions, the blockchain rewards individuals who assist in validating transactions with Bitcoin.

    A Practical Example: How Alice Sends Bitcoin to Bob

    For instance, let's consider that Alice wants to send 1 BTC to her friend Bob. To complete this transaction, several conditions must be met:

    Verification of Alice's solvency to ensure she owns sufficient Bitcoin.

    Recording the transaction details on blockchain, accessible to every participant in the Bitcoin network.

    Miners, who are distributed globally and equipped with varying degrees of computing power, compete to solve the complex mathematical problem related to Alice's transaction. The first miner to crack it gains the privilege of adding the transaction to the blockchain. The miner receives newly minted Bitcoins as a reward.

    Why Is the Bitcoin Price So Volatile?

    Bitcoin's price volatility can be attributed to several factors:

    Limited Supply: Bitcoin has a fixed supply capped at 21 million coins. This scarcity means that fluctuations in demand can cause significant price swings. When more people buy Bitcoin, the limited number of available coins drives the price up rapidly. Conversely, when demand drops, the price can fall just as quickly.

    Influence of Large Investors: Large investors, known as "whales," hold substantial amounts of Bitcoin. Their large trades can dramatically shift Bitcoin's market value. For example, if a whale sells a significant portion of their holdings, it can flood the market with supply and drive prices down sharply.

    Market Capitalization: Bitcoin's total market capitalization is relatively small compared to traditional assets like gold. This smaller market size means fewer transactions are needed to cause noticeable price changes. Even modest trades can have outsized effects on Bitcoin's price.

    Media Coverage and Regulatory News: Media reports significantly influence Bitcoin's volatility. Positive media coverage can increase investor interest and drive prices up, while negative news or regulatory crackdowns can lead to fear-induced sell-offs. For instance, announcements of government regulations on cryptocurrency can cause immediate drops in Bitcoin's price.

    Speculative Nature: Bitcoin is often viewed as a speculative investment. Investors are attracted by the potential for high returns, leading to heightened trading activity and price swings. Unlike traditional assets, Bitcoin's value isn't tied to predictable cash flows but rather to future expectations and its potential role in the global economy. This speculative aspect contributes to its price instability.

    Evolving Market: The cryptocurrency market is still in its early stages, and Bitcoin, being one of the first and most well-known cryptocurrencies, is in a phase of price discovery. Its value is still being determined by the market, leading to frequent and often unpredictable price movements. As the market matures and more participants enter, these price swings may stabilize over time.

    What Makes Bitcoin Valuable?

    Bitcoin goes beyond being just a digital currency; it fulfils the four essential criteria that define money:

    Scarcity: The rarity of Bitcoin is encoded in its algorithm, with a fixed supply of 21 million coins. This limited availability makes it a scarce resource, similar to precious metals like gold.

    Medium of Exchange: Accepted by an increasing number of merchants and platforms worldwide, Bitcoin facilitates the buying and selling of goods and services. Its functionality as a medium of exchange highlights its practicality in everyday transactions.

    Unit of Account: Although the value of Bitcoin can be volatile, it is progressively used to represent the value of other assets. More businesses and individuals price goods and services in Bitcoin, recognizing its potential to serve as a unit of account.

    Store of Value: The decentralized nature and inherent scarcity of Bitcoin make it a reliable means of preserving wealth over the long term. Its independence from traditional financial systems adds to its appeal as a store of value.

    Given these attributes, Bitcoin has earned its nickname as "digital gold," standing as a reliable store of value in a rapidly evolving financial landscape.

    What Is Bitcoin Mining?

    Bitcoin mining is an essential mechanism in the Bitcoin ecosystem, serving a dual purpose: generating new bitcoins and validating transactions on the network. This process, known as Proof-of-Work (PoW) , involves miners utilizing specialized computing hardware to solve complex mathematical challenges. These cryptographic puzzles require significant computational power to solve, ensuring all transactions are legitimate and secure.

    When a miner successfully solves a puzzle, they add verified transactions to the blockchain and receive newly minted bitcoins as a reward. This method secures the network and maintains a transparent and tamper-proof ledger of all transactions.

    In the early days, ordinary personal computers were sufficient for mining Bitcoin. However, as the cryptographic challenges grew more difficult, miners shifted to more advanced hardware. Today, most miners use Application-Specific Integrated Circuits (ASICs), which are designed specifically for efficient mining. This evolution highlights the increasing complexity and competitiveness of the mining process.

    Large-scale enterprises and collaborative groups known as mining pools now dominate Bitcoin mining. These organizations bring substantial computational resources to the table, sustaining the security and stability of the Bitcoin blockchain.

    When Is the Next Bitcoin Halving?

    What Is Bitcoin Halving?

    Bitcoin experiences a significant event known as "halving " approximately every four years. This event halves the reward for mining new blocks, effectively reducing the rate at which new bitcoins are created. This is a key element in Bitcoin's design, intended to control the supply of the currency.

    Historical Halvings

    There have been four Bitcoin halvings since 2008 – in 2012, 2016, 2020 and 2024. Each event has had a noticeable impact on Bitcoin's market dynamics. Following the 2012 halving, Bitcoin's price increased from about $12 to over $1,100 within a year. After the 2016 halving, the price rose from $650 to around $20,000 in 2017. The 2020 halving was followed by an increase in Bitcoin’s price to nearly $69,000 in 2021. The most recent 2024 halving, where the block reward for Bitcoin miners was reduced from 6.25 BTC to 3.125 BTC, saw the price of Bitcoin rise from about $64,000 to over $71,000.

    The 2028 Halving

    Looking towards the future, the next Bitcoin halving is scheduled for 2028. This event is eagerly anticipated by the crypto community, as it will decrease mining rewards from 3.125 to 1.5625 Bitcoin per block. While predictions are inherently speculative, historical trends suggest that this contraction in supply, against a backdrop of steady or increasing demand, could potentially trigger another significant surge in Bitcoin’s value.

    Does Bitcoin Halving Affect BTC’s Price?

    Bitcoin halvings have historically impacted BTC’s price significantly. By reducing the rate at which new bitcoins are created, halvings decrease the supply of new bitcoins entering the market. This reduction in supply, combined with steady or increasing demand, often leads to price increases. Past halvings have demonstrated this trend, with substantial price hikes following each event. However, it's important to note that market conditions and external factors also play crucial roles in determining Bitcoin’s price movements. Investors should do their own research when making investment decisions related to Bitcoin halving events.

    Potential Use Cases for Bitcoin

    Bitcoin has revolutionized the financial landscape with various practical applications:

    Digital Medium of Exchange: Bitcoin enables secure, transparent, and immutable transactions without traditional banking systems. It’s particularly beneficial for international payments, offering lower transaction fees compared to conventional banks.

    Store of Value: Known as 'digital gold,' Bitcoin attracts investors as a store of value and investment asset. Its limited supply mimics gold’s scarcity, making it appealing for those hedging against inflation or economic uncertainty.

    Integration with Fintech and IoT: Bitcoin facilitates automated, secure transactions and showcases its versatility. It also plays a key role in decentralized finance (DeFi), with the potential to revolutionize global financial transactions and promote a more inclusive financial system.

    Financial Empowerment and Inclusion: Bitcoin offers those without traditional banking access the ability to engage in international commerce, invest, and obtain loans. Its accessibility helps equalize the financial landscape, providing broader participation opportunities.

    Related Articles about Bitcoin

    Bitcoin Halving: Will We Land on the Moon?

    What is Bitcoin? The Ultimate and Simple Guide for Crypto Beginners

    Key Concepts in Bitcoin

    Bitcoin price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -0.77%-0.60%+4.22%-1.36%+132.71%+101155130.00%

    Bitcoin price history in USD

    The price of Bitcoin is +132.71% over the last year. The highest price of BTC in USD in the last year was $73,750.07 and the lowest price of BTC in USD in the last year was $26,814.59.
    TimeLowHigh
    24h$62,035.64$63,359.58
    7d$58,895.21$64,443.71
    30d$57,501.34$66,480.7
    90d$49,121.24$69,987.54
    1y$26,814.59$73,750.07
    All-time$0.04865(2010-07-14, 14 years ago )$73,750.07(2024-03-14, 214 days ago )

    Bitcoin market information

    Market cap
    $1,236,394,189,693.19
    -0.77%
    Fully diluted market cap
    $1,313,503,739,457
    -0.77%
    Volume (24h)
    $16,850,089,300.73
    -13.83%
    Market rankings
    Circulation rate
    +100.00%
    24h volume / market cap
    0.0136
    Circulating supply
    19,767,190 BTC
    Total supply / Max supply
    19,767,190 BTC
    21,000,000 BTC
    Buy Bitcoin now

    Bitcoin Social Data

    In the last 24 hours, the social media sentiment score for Bitcoin was 3.4, and the social media sentiment towards Bitcoin price trend was Bullish. The overall Bitcoin social media score was 824,235,078, which ranks 1 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Bitcoin being mentioned with a frequency ratio of 38.87%, ranking 1 among all cryptocurrencies.

    In the last 24 hours, there were a total of 749,600 unique users discussing Bitcoin, with a total of Bitcoin mentions of 411,278. However, compared to the previous 24-hour period, the number of unique users increase by 2%, and the total number of mentions has decrease by 1%.

    On Twitter, there were a total of 10857 tweets mentioning Bitcoin in the last 24 hours. Among them, 50% are bullish on Bitcoin, 10% are bearish on Bitcoin, and 40% are neutral on Bitcoin.

    On Reddit, there were 3336 posts mentioning Bitcoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 6% .

    All social overview

    Average sentiment (24h)
    3.4
    Social media score (24h)
    824.24M(#1)
    Social contributors (24h)
    749.60K
    +2%
    Social media mentions (24h)
    411.28K(#1)
    -1%
    Social media dominance (24h)
    38.87%
    X
    X posts (24h)
    10.86K
    +97%
    X sentiment (24h)
    Bullish
    50%
    Neutral
    40%
    Bearish
    10%
    Reddit
    Reddit score (24h)
    34702
    Reddit posts (24h)
    3.34K
    -6%
    Reddit comments (24h)
    0
    0%

    How to buy Bitcoin(BTC)

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    Trade BTC perpetual futures

    After having successfully signed up on Bitget and purchased USDT or BTC tokens, you can start trading derivatives, including BTC futures and margin trading to increase your income.

    The current price of BTC is $62,547.8, with a 24h price change of -0.77%. Traders can profit by either going long or short onBTC futures.

    Join BTC copy trading by following elite traders.

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    Bitcoin news

    See more
    A roundup of key economic events happening this week
    A roundup of key economic events happening this week

    Share link:In this post: OPEC releases its monthly oil report on Monday, followed by key September retail sales data and Philly Fed manufacturing numbers on Thursday. September housing starts data comes out Friday, with 10% of S&P 500 companies also reporting earnings this week. We’ll hear from 11 different Fed speakers throughout the week, including Powell, on the state of the economy.

    Cryptopolitan2024-10-13 19:00
    Avalanche Foundation seeks court approval to repurchase AVAX from Terra’s Luna Foundation Guard
    Avalanche Foundation seeks court approval to repurchase AVAX from Terra’s Luna Foundation Guard

    Share link:In this post: Avalanche Foundation has agreed to buy back the 1.97 million AVAX tokens it sold to Luna Foundation Guard in 2022. AVAX saw almost 10% gains after the news broke, signaling positive sentiments in the efforts to maintain its stability. Terraform Labs is planning to shut down eight products and services after bankruptcy approval.

    Cryptopolitan2024-10-13 15:15

    FAQ

    What Is the Price of Bitcoin Today?

    For the latest price information, visit Bitcoin Price or use the Bitget Calculator to get real-time BTC to any local currency exchange rates.

    When Was Bitcoin Created?

    Bitcoin was created in January 2009 by an individual or group using the pseudonym Satoshi Nakamoto. The first block of the Bitcoin blockchain, known as the genesis block, was mined on January 3, 2009.

    Who Created Bitcoin?

    Bitcoin was created by an individual or group under the pseudonym Satoshi Nakamoto. The true identity of Satoshi Nakamoto remains unknown.

    How Secure Is Bitcoin?

    Bitcoin is secure due to its use of advanced cryptography and decentralized network. The Proof-of-Work (PoW) consensus mechanism and blockchain technology ensure that transactions are transparent and nearly impossible to alter. However, users must protect their private keys and wallets to maintain the security of their Bitcoin.

    Is Bitcoin a Safe Investment?

    Investing in Bitcoin carries risks. Its price is highly volatile, and there are regulatory uncertainties surrounding its use. Despite significant growth over the years, Bitcoin can experience substantial price fluctuations. Investors should conduct thorough research and assess their risk tolerance before investing in Bitcoin.

    How Can I Buy Bitcoin?

    You can easily start your Bitcoin investment journey with Bitget Exchange, one of the biggest and highly-reputed centralized cryptocurrency platforms. To buy, send, and receive Bitcoin, simply create an account on Bitget.

    What is the current price of Bitcoin?

    The live price of Bitcoin is $62,547.8 per (BTC/USD) with a current market cap of $1,236,394,189,693.19 USD. Bitcoin's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Bitcoin's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Bitcoin?

    Over the last 24 hours, the trading volume of Bitcoin is $16.85B.

    What is the all-time high of Bitcoin?

    The all-time high of Bitcoin is $73,750.07. This all-time high is highest price for Bitcoin since it was launched.

    Can I buy Bitcoin on Bitget?

    Yes, Bitcoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Bitcoin guide.

    Can I get a steady income from investing in Bitcoin?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Bitcoin with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Bitcoin (BTC)?

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    Cryptocurrency investments, including buying Bitcoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Bitcoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Bitcoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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