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Bitcoin(BTC)

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$63,879.29
(-0.39%)
1.00000000 BTC
Market Cap (Rank#1)
$1,260,174,795,425
19,727,439 BTC
Vol 24h
$9,211,459,072
144,201 BTC
Circulating Supply
19,727,440
Max Supply
21,000,000
12h agocoindesk
First Mover Americas: Bitcoin Trades Below $65K Following Wednesday's Drop
The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
14h agonulltx
Bitcoin Market Dynamics: Institutional Inflows Surge Amid Government Sales And ETF Growth
Recent developments in the Bitcoin market have showcased notable shifts in both supply and institutional interest. The market absorbed over 48,000 BTC from sell-offs sourced by the German Government, coinciding with anticipated Mt. Gox distributions in the near future. Bitcoin’s daily on-chain volume now hovers around $46.4 billion, comparable to […]
1 day agonulltx
UFC Star Alex Pereira Boosts BDAG; BTC & ETH ETF News
UFC Champion Alex Pereira Throws a $58.9M Presale Knockout with BlockDAG Sponsorship Amidst Bitcoin and Ethereum ETF Excitement Bitcoin and Ethereum have shown resilience after a rocky phase, with Bitcoin reclaiming the $58,000 mark and Ethereum buoyed by anticipated ETF approvals. Amid these trends, BlockDAG, a promising Layer 1 project, […]
1 day agonulltx
Best Crypto to Buy Today: UFC Champion Alex Pereira New BDAG Ambassador | BTC and ETH ETF Hype
Bitcoin & Ethereum ETF Hype Rises But BlockDAG Cruises As UFC Champion Alex Pereira Signs as Brand Ambassador After a period of volatility, Bitcoin and Ethereum are making strong recoveries. Bitcoin has regained the $58,000 mark, and Ethereum is boosted by news of Ethereum ETF approvals. Amid these developments, BlockDAG, […]
1 day agocoindesk
Bitcoin Summer 2024: What to Expect
BTC is currently flat, caught in a plateau between narratives. What factors could wake the bull again? Alexander Blume, CEO of Two Prime, looks ahead.
1 day agocoindesk
First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K
The latest price moves in bitcoin (BTC) and crypto markets in context for July 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
1 day agocoindesk
Bitcoin Bulls Eye $70K Amid Donald Trump's Rising Chances of Returning as President
Traders and funds are becoming increasingly bullish on BTC as the German government completes its sales of their large holdings while Mt Gox distributes funds to creditors, one market observer said.
1 day agocoindesk
Bitcoin ETF Inflows Hit Six-Week High of $422.5M
BTC's price has recovered 23% since hitting lows near $53,500 on July 5.
2 days agocoindesk
Meme Coins Outperform BTC, ETH and SOL as Traders Rotate Holdings
The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.
2 days agocoindesk
First Mover Americas: Bitcoin Retreats as Mt. Gox Moves $3B of BTC
The latest price moves in bitcoin (BTC) and crypto markets in context for July 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2 days agonulltx
Crypto Markets React Sharply To Attempted Assassination Of Donald Trump
The attempted assassination of Donald Trump yesterday caused an immediate reaction in the crypto markets. Bitcoin (BTC) rebounded to as high as $60.3K, marking a 10-day high. Meanwhile, the $TRUMP token surged by 63% as the news broke. Given the gravity of any assassination attempt on a public or non-public […]
2 days agocoindesk
Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets
One observer said the movement of coins was likely a part of the exchange's creditor reimbursement plan.
2 days agocoindesk
Ether Hedging Activity Picks Up as U.S. ETF Debut Nears
Investors' focus on ether is evident from ETH's sustained volatility premium over BTC.
3 days agocoindesk
BlackRock’s Larry Fink: Bitcoin Is ‘Legitimate Financial Instrument'
BlackRock (BLK) CEO Larry Fink reiterated his belief that Bitcoin {{BTC}} is an asset that everybody should consider holding as part of their portfolio.
5 days agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | July 13, 2024
Bitcoin and Ethereum prices recover as Germany sells BTC stash. SEC ends Stacks probe. BlackRock eyes MakerDAO.
6 days agonulltx
Highlights on BlockDAG AMA Fuels 40% Surge, BTC ETFs and APT Price
BlockDAG’s AMA and Key Team Reveal Set to Fuel 40% Price Surge as Bitcoin ETF Generates a Buzz and APT (APT) Price Declines Recent developments in the crypto world have seen Bitcoin ETFs gain significant traction, with $216 million in net inflows and Aptos (APT) price facing a downturn. Against […]
7 days agonulltx
Bitcoin Market Dynamics: Institutional Moves And Market Sentiment
In the past 30 days, Bitcoin has witnessed notable shifts in ownership patterns, particularly among custodial wallets categorized as permanent holders, which have accumulated 85,000 BTC. These entities, distinct from ETFs, exchanges, or miners, have shown a steadfast commitment with no outflows recorded. Conversely, ETF holdings saw a net outflow […]
8 days agonulltx
BDAG Excels with X1 Debut; GRT Faces Downward Shift & BTC Rises
As Bitcoin Cash Climbs, GRT Predictions Turn Bearish; BlockDAG’s X1 App Hits Apple Store, Earning $3.6M from Miners The forecast for GRT’s price suggests a decline, yet new investors continue to show strong interest, underscoring its dynamic yet enticing market role. Simultaneously, recent developments in Bitcoin Cash have garnered focus […]
8 days agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | July 10, 2024
Germany sells 10,853 BTC, stirring the market. ETFs attract $500M. What’s next for Bitcoin?
10 days agonulltx
BlockDAG 30,000x ROI vs Polygon Prediction & Ether Spot ETFs
BlockDAG’s Meteoric 1,300% Rise: Zooming Past Polygon’s Goals in the Ether ETF Era As Ether Spot ETFs take a back seat to their BTC counterparts, BlockDAG’s staggering 1,300% price increase dwarfs Polygon’s anticipated 1,000% surge. Investors are flocking to BlockDAG for several compelling reasons. The value of its BDAG coin […]
10 days agonulltx
BITCOIN PRICE ANALYSIS & PREDICTION (July 8) – BTC Loses 4% Overnight But Can It Regains Strength Following This Reversal Pattern?
A lot has happened since the start of the month as Bitcoin plummeted by almost 17% to a five-month low. It saw a slight bounce last weekend but the price is back in a downward range. Bearish actions may continue.  Following a small recovery to the $53,800 area on the […]
17 days agonulltx
BlockDAG Keynote 2: BTC ETF Outflows and Solana Memecoin Surge
BlockDAG’s Keynote 2: Road to $30 by 2030: Navigating BTC ETFs and Riding the Solana Wave! The second keynote from BlockDAG, “From the Moon,” has sparked substantial interest within the crypto community, heralding an expected 30,000x ROI. This comes as Bitcoin Spot ETFs see $200 million in outflows and Solana […]
162 days agocryptopotato
Coinbase-Backed DeSo SocialFi App Focus Raises $75 Million in One Week
[PRESS RELEASE – Los Angeles, California, February 7th, 2024] Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited […]
162 days agocryptodaily
3 Tokens Cheaper Than 50 Cents With 55x Potential in 2024
It is February—weeks after the approval of spot Bitcoin ETFs by the SEC—but the ETF impact on crypto prices falls below expectations. A rise in investor sentiment post BTC ETF is anticipated soon, to be followed by explosive growth.

About Bitcoin?

The live price of Bitcoin (BTC) today is 63,879.29 USD, and with the current circulating supply of Bitcoin at 19,727,440 BTC, its market capitalization stands at 1,260,174,795,425 USD. In the last 24 hours BTC price has moved -1,208.96 USD or -0.02% while 9,275,654,144 USD worth of BTC has been traded on various exchanges. The current valuation of BTC puts it at #1 in cryptocurrency rankings based on market capitalization.

Learn more about the Bitcoin blockchain network and how it works or follow the price of its native cryptocurrency BTC and the broader market with our unique COIN360 cryptocurrency heatmap.

Bitcoin, the pioneering cryptocurrency, has established itself as a formidable player in the digital currency market.

The price of Bitcoin is known for its volatility, influenced by factors like market sentiment, regulatory news, and large trades by significant holders known as "whales". Despite these fluctuations, Bitcoin has shown a remarkable journey since its inception in 2009, often being viewed as a store of value or "digital gold".

The cryptocurrency's decentralized nature and the underlying blockchain technology have been central to its appeal, offering a level of security and transparency not typically found in traditional financial systems. Bitcoin's fixed supply of 21 million coins adds to its scarcity, often cited as a reason for its value appreciation over time.

Background and Development

Bitcoin, an innovative peer-to-peer electronic cash system introduced by Satoshi Nakamoto on October 31, 2008, represents a significant leap in global financial policy. Beyond merely a cryptocurrency, Bitcoin's blockchain technology has found applications in diverse fields like supply chain management and energy trading, demonstrating its versatile impact.

Origin and Ideology

The origin of Bitcoin ties closely with cryptographic proof, eliminating the need for trust in financial transactions. Its inception signaled the start of a new era in digital currency, with its ideology deeply resonating with communities valuing decentralization, individual freedom, and privacy, notably among tech enthusiasts, libertarians, and crypto-anarchists.

Pre-History and Community Influence

Understanding Bitcoin's history necessitates exploring its pre-history in online forums of cryptographers and computer scientists. Influential communities like the Extropians and Cypherpunks, advocating for technological solutions for social improvement and privacy, were instrumental in shaping Bitcoin's development.

Technical Lineage and Early Development

Bitcoin’s technical lineage is rich, building upon previous research in distributed systems and financial cryptography. It drew inspiration from digital cash experiments like Hashcash, B-money, and Bit Gold, incorporating public key cryptography for secure, encrypted communication. 

The early days of Bitcoin saw it as an open-source project, attracting significant contributions from a global community of developers. Its first transaction on January 12, 2009, marked the beginning of a new era in transactional currency.

Historical Milestones

  • Bitcoin Pizza Day: The real-world value of Bitcoin was first demonstrated on May 22, 2010, when 10,000 Bitcoins were exchanged for two pizzas, marking a significant milestone in its history as a transactional currency.

  • Mining Industry Evolution: Initially a small-scale activity, Bitcoin mining evolved into a large-scale operation, with the formation of the first mining pool, Slush Pool, in 2010.

  • Silk Road Influence: Bitcoin's association with the Silk Road, an online marketplace infamous for illegal activities, played a pivotal role in its early history.

  • Satoshi's Exit: The departure of Satoshi Nakamoto from the Bitcoin project in April 2011 underscored its decentralized nature.

  • WikiLeaks and Bitcoin: In 2011, WikiLeaks began accepting Bitcoin donations, highlighting its utility as a censorship-resistant currency. 

  • Mt. Gox Incident: The fall of Mt. Gox in 2014, once the largest Bitcoin exchange, raised awareness about the risks of centralized cryptocurrency management.

  • Regulatory Developments: The emergence of regulatory frameworks, such as New York's BitLicense, significantly influenced the cryptocurrency business landscape and adoption.

  • The Lightning Network: Introduced as a solution to Bitcoin's scalability issues, the Lightning Network enables off-chain transactions, improving Bitcoin's transaction capacity.

  • Bitcoin Scaling Wars: The debate around Bitcoin's scalability, especially concerning block size and network decentralization, led to forks like Bitcoin Cash and Bitcoin SV, as well as layer 2s like Stacks and Liquid.

  • Bitcoin Halvings: Crucial to Bitcoin's economic model, halvings reduce the reward for mining new blocks, thus influencing Bitcoin's scarcity and value. Previous halvings occurred in November 2012, July 2016, and May 2020. Each halving event has historically led to increased attention and speculation about Bitcoin's price.

  • Upcoming Bitcoin Halving: The next Bitcoin halving is anticipated around 2024, based on the mining of block #840,000. This event is closely watched by the cryptocurrency community for its potential impact on Bitcoin's price and mining ecosystem.

Historical Price Analysis

2013 Surge and Drop

In 2013, Bitcoin first surged past $1,000, marking its entry into mainstream awareness. However, this was followed by a significant drop, showcasing early volatility.

2017 Spike and 2018 Dip

A landmark year, 2017 saw Bitcoin reach nearly $20,000, driven by a surge in public and investor interest. This peak was short-lived, as 2018 saw a drastic decline, with prices falling below $4,000.

Stabilization in 2019-2020

Beginning 2019 around $3,700, Bitcoin saw gradual growth throughout the year. The pandemic in 2020 initially caused a sharp decline, dropping Bitcoin to about $5,000 in March. However, by the end of 2020, it recovered to close to $29,000, fueled by increasing institutional interest and its role as a digital asset amidst economic uncertainty.

2021 Peak and Fluctuations

The ATH of $69,044 in November 2021 was a significant milestone, reflecting growing mainstream acceptance. However, 2022 began with a downturn, with the price falling to $46,319.65 by January and further to around $16,540.69 by January 2023. As of December 2023, Bitcoin's price hovered around $40,000s, indicating a consolidation phase after the volatile previous year.

How Bitcoin Works

  • Decentralized Network: Operates on a distributed ledger, not controlled by any single entity.

  • Limited Supply: Capped at 21 million coins, preventing inflation.

  • Proof of Work Consensus: Miners solve complex problems to validate transactions and create new blocks.

  • Security: Highly secure, leveraging cryptographic techniques to protect transactions.

  • Peer-to-Peer Transactions: Enables direct transactions between users without intermediaries.

  • Transparency: Every transaction is recorded on the blockchain, visible to all.

  • Global Accessibility: Available to anyone with internet access, regardless of location.

BTC News, Ecosystem, and Highlights

Ecosystem Overview

In 2023, the Bitcoin ecosystem has evolved significantly, incorporating new layers and functionalities that extend beyond its original scope. Notably, Bitcoin has embraced Layer 2 solutions (L2s), decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized exchanges (DEXes), and gaming platforms. These advancements have enriched the Bitcoin ecosystem, offering a variety of decentralized applications (Dapps) that leverage Bitcoin's robust network.

Key Developments and Partnerships

  • DeFi on Bitcoin: With the Taproot upgrade in November 2021, Bitcoin's ecosystem started supporting Dapps, enabling a broader range of DeFi activities. 

  • NFTs and Marketplaces: The introduction of Bitcoin Ordinals has spurred the development of NFTs on the Bitcoin network. Marketplaces such as Gamma and major centralized exchanges like Binance and OKX now support Bitcoin NFTs, enabling the creation, minting, and trading of these digital assets.

  • Bitcoin Wallets: The rise of Ordinals has also led to the development of new Bitcoin wallets capable of distinguishing between standard and inscribed Satoshis (Ordinals). Notable examples include UniSat and XDEFI Wallet, offering features like marketplace integration and support for multiple blockchains.

  • Community and Network Support: The Bitcoin ecosystem is supported by a vibrant community of developers, investors, and users. Platforms like Stacks foster community engagement through events, forums, and working groups, contributing to the ongoing development and adoption of Bitcoin-related technologies.

Bitcoin ETF Fever

In 2023, the Bitcoin ETF landscape is marked by significant developments, particularly around spot Bitcoin ETFs. Key players like BlackRock have updated their ETF proposals, notably allowing cash redemptions, to align with the U.S. Securities and Exchange Commission (SEC) requirements. This strategic update by BlackRock, the world's largest asset manager, indicates a strong push for approval in the near future.

Other major institutions, including Fidelity and VanEck, are actively involved in proposing Bitcoin ETFs. These entities often collaborate with major exchanges such as Coinbase to meet the SEC's criteria, particularly the need for surveillance-sharing agreements, which are essential for monitoring and deterring market manipulation.

Despite these developments, the SEC remains cautious, having denied all previous spot Bitcoin ETF applications due to fraud concerns. The debate continues over whether the existing Bitcoin market is sufficiently regulated and large enough to support a spot Bitcoin ETF. The role of exchanges like Coinbase, recognized as significant players in the crypto market, is also crucial in this context.

The efforts to establish Bitcoin ETFs, including both spot and futures variants, are pivotal in integrating the cryptocurrency market with traditional financial systems. The decisions by regulatory bodies like the SEC will significantly influence the inclusion of Bitcoin in diverse investment portfolios.

Frequently Asked Questions about BTC

1. Beyond its market dominance, what makes Bitcoin uniquely valuable compared to other cryptocurrencies?

Bitcoin's first-mover advantage and widespread adoption grant it unparalleled legitimacy and stability. Its decentralized nature and limited supply (21 million coins) foster trust and long-term value appreciation. While newer cryptos may offer faster transactions or specialized DeFi features, Bitcoin remains the digital gold standard, a secure store of value in a volatile market.

2. Does Bitcoin have any real-world uses beyond speculation and investment?

Absolutely! Bitcoin facilitates direct, borderless payments without intermediaries. Businesses have increasingly begun accepting Bitcoin for various services, and individuals use it for international transactions or online purchases. Moreover, the emergence of Layer 2 solutions and DeFi apps on Bitcoin expands its utility into areas like micropayments, lending, and even gaming.

3. What are the environmental concerns surrounding Bitcoin mining and its energy consumption?

Bitcoin's proof-of-work (PoW) consensus mechanism requires significant energy for miners to solve complex problems. This raises concerns about its environmental impact and carbon footprint. However, several initiatives are promoting greener mining practices, such as switching to renewable energy sources and exploring alternative consensus mechanisms like proof-of-stake.

4. How does the upcoming Bitcoin halving in 2024 potentially affect its price and the mining ecosystem?

The halving event will further reduce the reward for miners, creating additional scarcity and potentially driving up Bitcoin's price. This may initially attract more miners, increasing competition and network security. However, the reduced rewards might also incentivize some miners to leave, potentially impacting the network's hash rate.

5. Given the regulatory uncertainties surrounding Bitcoin, what are the potential risks and opportunities for future adoption?

While regulatory concerns and lack of clarity still pose challenges, increasing institutional interest and the growing Bitcoin ecosystem demonstrate promising potential. The approval of Bitcoin ETFs could significantly boost mainstream adoption and integrate Bitcoin into traditional financial systems. However, regulatory oversight remains crucial to address issues like market manipulation and consumer protection.

Bitcoin Price63,879.29 USD
Market Rank#1
Market Cap1,260,174,795,425 USD
24h Volume9,211,459,072 USD
Circulating Supply19,727,440 BTC
Max Supply21,000,000 BTC
Yesterday's Market Cap1,263,007,039,488 USD
Yesterday's Open / Close65,231.81 USD / 64,022.85 USD
Yesterday's High / Low66,483.75 USD / 54,118.04 USD
Yesterday's Change
-0.02% ( 1,208.96 USD )
Yesterday's Volume9,275,654,144 USD
Mining Info
Hashing algorithmSHA-256
Pools (known)63
Pools Hashrate648.07 EH/s
Network Hashrate515.36 EH/s
By MiningPoolStats
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