Currency Image Bitcoin (BTC)

 

Bitcoin Market Pairs

Exchange messages.Pair Volume (24h) Price
HUOBI_GLOBAL BTC/USDT USD 1,417,672,790.12703252 BTC 56,365.11426849
BITFINEX BTC/USD USD 504,233,441.53961527 BTC 56,306.00000000
BITHUMB BTC/KRW USD 297,956,953.49378961 BTC 55,261.83587872
KRAKEN BTC/USD USD 256,348,380.29643989 BTC 56,336.30000000
KUCOIN BTC/USDT USD 190,434,373.33019850 BTC 56,356.62319753
BINANCE BTC/USDT USD 14,068,212.72825895 BTC 54,226.64941474
COINBASE BTC/USD USD 5,756,181.21936084 BTC 54,318.18000000
BELPAY BTC/WBTC USD 5,151,628.57881450 BTC 2,236.58607502

What is Bitcoin?

Overview Image

Bitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. Bitcoin is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries.


Who created Bitcoin?

Bitcoin was created by an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be.


When was Bitcoin launched?

Bitcoin was launched in January 2009 with the first genesis block mined on 9th January 2009.

Historical data for Bitcoin

Date Open* Close* High Low Volume
12 Oct, 2024 62,423.9103 62,528.1759 62,553.2053 62,423.9103 125250.001
11 Oct, 2024 60,292.3807 62,423.9103 63,279.5133 60,100.1686 1022520.001
10 Oct, 2024 60,601.4255 60,598.5281 60,604.3253 60,597.7156 152056.001
09 Oct, 2024 62,161.0068 60,601.4255 62,553.4412 60,403.3409 1022520.001
08 Oct, 2024 62,304.0664 62,360.6009 62,360.6220 62,301.5201 125411.001
07 Oct, 2024 62,856.4837 62,304.0664 64,415.3980 62,200.1030 125150.001
06 Oct, 2024 62,102.8735 62,117.0618 62,119.7284 62,097.7002 115544.001
05 Oct, 2024 62,094.9820 62,102.8735 62,420.7205 61,756.7756 125250.001
04 Oct, 2024 60,773.3093 60,788.0145 60,788.0145 60,773.3093 1022520.001
03 Oct, 2024 60,663.0309 60,773.3093 61,538.1458 60,067.4842 112451.001
02 Oct, 2024 60,916.0234 60,919.2011 60,919.2011 60,908.6056 125150.001
01 Oct, 2024 63,407.8575 60,916.0234 64,153.5073 60,452.7399 152056.001
30 Sep, 2024 65,672.9233 65,659.3813 65,672.9233 65,659.3813 125250.001
29 Sep, 2024 65,924.0796 65,672.9233 66,147.8233 65,517.7152 126815.001
28 Sep, 2024 65,798.1843 65,799.0455 65,803.5848 65,798.0519 152056.001
27 Sep, 2024 65,208.2000 65,798.1843 66,452.9386 64,877.2461 112451.001
26 Sep, 2024 63,095.5180 63,078.1964 63,095.5180 63,078.1964 112451.001
25 Sep, 2024 64,297.2331 63,095.5180 64,770.1063 62,969.5713 152595.001
24 Sep, 2024 63,349.7867 63,361.4947 63,361.4947 63,349.7867 125411.001
23 Sep, 2024 63,599.9578 63,349.7867 64,698.4727 62,712.4783 125150.001
22 Sep, 2024 63,388.2630 63,419.0439 63,419.0439 63,381.9164 152056.001
21 Sep, 2024 63,155.7220 63,388.2630 63,538.4222 62,800.3954 125411.001
20 Sep, 2024 62,953.8248 63,021.3793 63,021.3793 62,953.8248 152056.001
19 Sep, 2024 61,675.8321 62,953.8248 63,874.1001 61,633.1956 125411.001
18 Sep, 2024 60,329.6136 60,333.5304 60,340.3274 60,329.6136 152056.001
17 Sep, 2024 58,234.6759 60,329.6136 61,297.9096 57,673.2888 152595.001
16 Sep, 2024 59,197.3179 59,167.9802 59,197.3179 59,167.9802 125150.001
15 Sep, 2024 60,027.2765 59,197.3179 60,405.5606 58,791.6858 152056.001
14 Sep, 2024 60,576.4679 60,581.4733 60,583.7612 60,576.4679 126815.001
13 Sep, 2024 58,172.5999 60,576.4679 60,667.3892 57,682.1364 125411.001

What is Bitcoin?

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto[15] and started in 2009[16] when its implementation was released as open-source software.

It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a Blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.[17] Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Bitcoin has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

Total Bitcoins in circulation

The successful miner finding the new block is allowed by the rest of the network to reward themselves with newly created bitcoins and transaction fees. As of 11 May 2020, the reward amounted to 6.25 newly created bitcoins per block added to the Blockchain, plus any transaction fees from payments processed by the block. To claim the reward, a special transaction called a coinbase is included with the processed payments. All bitcoins in existence have been created in such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved every 210,000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins[g] will be reached c. 2140; the record keeping will then be rewarded solely by transaction fees.

In other words, Nakamoto set a monetary policy based on artificial scarcity at bitcoin's inception that the total number of bitcoins could never exceed 21 million. New bitcoins are created roughly every ten minutes and the rate at which they are generated drops by half about every four years until all will be in circulation.

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August 28, 2024

XRP News Today: Amid the volatility of the cryptocurrency market, Ripple awaits the SEC's next move.

Important Points:The overall market capitalization of cryptocurrencies drops to $2.041 trillion as XRP loses 3.40% in the midst of a wider sell-off.Talk of an appeal in the SEC v. Ripple case is heating up; this could effect the stability of the price of XRP.The SEC's decision to file an appeal will determine how much XRP will cost; in the upcoming weeks, volatility is predicted.XRP Falls During a Cryptocurrency Sell-OffAfter dropping 2.20% the day before, XRP fell 3.40% on Tuesday, August 27, finishing at $0.5674. XRP tracked the overall decline in the cryptocurrency market, which experienced a 5.30 percent decline in market capitalization to $2.041 trillion.Better than anticipated Investor expectations on repeated 2024 Fed rate cuts were put to the test by US economic data, which sparked a widespread sell-off in cryptocurrencies. On Tuesday, investor sentiment was impacted by US consumer confidence. Investor concerns about a hard US landing and the necessity of swift Fed rate cuts to support the economy were probably allayed by an unanticipated surge in confidence.SEC vs. Ripple: Talk of an appeal heats up ahead of the SEC closed meetingIt has been three weeks since August 7th, when Judge Analisa Torres rendered the final decision in the SEC vs. Ripple case. Regarding whether or not to file an appeal, the SEC has not said anything.Pro-crypto attorney Fred Rispoli reopened the appeals debate on Tuesday by posing the question,"Can any securities lawyers provide me with an answer on the likelihood of an SEC vs. Ripple appeal? If Ripple prevails on all fronts against the SEC, would the SEC be required to pay statutory interest on it as well?"James Farrell, general counsel at AscendEX and a former member of the SEC,“Saying that typically Ripple would post a bond securing the decision and delay payment while an appeal was pending. The cost of the bond would normally be assessed against the SEC in the event of a loss as part of the appeal's costs under FRAP 39 (at the 2d Circuit is discretion, just like any bill of costs).”Farrell continued,“Even more complicated if the Second Circuit remands for a new trial—for instance, if it determines that certain factual concerns should have prevented the award of summary judgment. All of this presupposes a cross-appeal. Because if Ripple does not file a cross-appeal, it is essentially admitting that it owes $125 million and that the appeals court is powerless to address matters that are not before it.”Farrell's remark emphasized the danger the SEC would run if it decides to appeal the Ripple case's decisions. The decision that Ripple sold unregistered XRP in violation of US securities laws may be contested by a cross-appeal filed by Ripple. A cross-appeal might undermine the SEC's regulatory strategy by creating a precedent for XRP sales.A SEC Appeal Could Happen Soon?On Thursday, August 29, the SEC will have a secret meeting where the Ripple matter may come up for discussion. An appeal might compel Ripple to file a cross-appeal and drag out the litigation until 2025.Early October is when the 60-day appeal deadline finishes, therefore the appeals process will go on even after the US presidential election. It might be necessary for the SEC to think about the potential effects of an administration change.The Future of XRP Price Depends on SEC ActionThe SEC's preparations for an appeal will determine price movements. The SEC's appeal might cause XRP to drop below $0.40. On the other hand, if the SEC decides not to appeal the case's decisions, XRP may aim to recover to $1.00. The July 2023 Programmatic Sales of XRP judgment caused XRP to spike from $0.4696 to a high of $0.9327.Investors should be on the lookout because news about appeals will probably affect XRP price movements. Keep yourself informed about XRP and the wider cryptocurrency industry by following our most recent news and analysis.Price Action of XRPEvery Day ScheduleBullish price indications were sent by XRP as it stayed above the 200-day and 50-day moving averages.A bounce back to $0.6000 might be supported by a breakout from the 50-day EMA. Moreover, a bounce back to $0.60 would portend a move up toward the resistance level at $0.6609 and the high of $0.6434 on August 7.Updates pertaining to SEC vs. crypto cases and SEC activity should be taken into account.On the other hand, a decline beneath the 200-day and 50-day EMsA would indicate a positive trend reversal and a potential decline below $0.50.At 46.54 on the 14-day RSI, XRP might drop below $0.50 before going into oversold territory.
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August 01, 2024

Analyst: Spot Ether ETFs Debut Strong, But They Fall Short of Bitcoin ETFs

On July 23, the first trading day, spot Ethereum exchange-traded funds (ETFs) experienced net inflows over $100 million. Though noteworthy, this excellent start pales in comparison to the remarkable launch of Bitcoin ETFs in January. According to analysts, Ether ETFs may encounter greater difficulties in attracting the interest of conventional investors.10% to 20% of the initial inflows for Bitcoin ETFs were realised by Ether ETFs on their first day of operation. Given Bitcoin's higher market capitalisation, this result is expected, but it raises questions about Ether's suitability for conventional investors. An important issuer of both Bitcoin and Ethereum exchange-traded funds (ETFs), Adrian Fritz, head of research at 21Shares, stated that "the Bitcoin Spot ETF has set new standards as the most successful ETF launch in financial history."Fritz noted that while Ethereum's value proposition is more complicated and will require more educational efforts to draw investors, Bitcoin's story as an emergent store of wealth is more straightforward and well-known. Fritz is still confident that Ethereum has the ability to attract a sizable amount of institutional interest in spite of these obstacles.The market's early reservations about Ether ETFs were allayed by the robust inflows that followed their introduction. Within 24 hours of the ETFs' listing, the Ethereum Volmex Implied Volatility (EVIV) index, which gauges the 30-day expected volatility of ETH, fell by 4 points to approximately 65, as reported by CoinMarketCap. The market had been pricing in uncertainty prior to the ETF launch, but Volmex Finance founder Cole Kennelly said that the "volatility crush" that followed indicated that ETF flows would stabilise ETH spot prices.According to Fritz, Ethereum's value proposition is more complicated and will require more marketing in order to draw in investors than Bitcoin's narrative of a growing store of value, which is simpler and more well understood. Fritz maintains his optimism over Ethereum's ability to attract substantial institutional investment in spite of these obstacles.The market's concerns about Ether ETFs' introduction were lessened by the funds' robust initial inflows. Within 24 hours of the ETFs' listing, the 30-day expected volatility of Ethereum was measured by the Ethereum Volmex Implied Volatility (EVIV) index, which fell by 4 points to approximately 65, according to CoinMarketCap. The "volatility crush" that followed the ETF introduction, according to Cole Kennelly, creator of Volmex Finance, indicates that ETF flows may stabilise ETH spot markets. Prior to the ETF debut, the market had been pricing in uncertainty.
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Bitcoin Price

Cryptocurrency Converter Calculator

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Frequently Asked Questions

Bitcoin prices have continued to remain volatile, as the risk remains high, investors are also exploring other cryptocurrencies, which offer stable returns. One of the most popular alternate to bitcoin is White Bitcoins, as the demand for bitcoin is increasing, the demand for white bitcoins is also rapidly rising as they can be easily converted to bitcoins. Experts believe WBTC which has crossed the $2.93 mark will soon reach the $50 price soon. White bitcoins are attracting the eyes of big investors and corporate and with the rise in demand, the prices have taken a 20% jump since the last 3 months.

With the traditional investment options like the stock market, real estate doing down, many investors are flocking towards investment in digital currency. WBTC were launched with the objective of bringing liquidity to the bitcoin network and since this cryptocurrency is the latest entrant, it assures extremely high returns for its long-term investors. So, the time to invest in White Bitcoin is now, as its market prices are going up every day.

One of the essential objectives of bitcoin gold has been to change the calculation by which the bitcoin itself is mined, implying that the mining cycle can't be run quicker on particular hardware than it can on standard PC frameworks. This allows ordinary people with a regular computer to mine Bitcoin Gold, and also mine bitcoin just the way it was used to be during its early years. There are currently 17 million bitcoin gold in circulation and it is said to be supported by the miners who want to go back to the standard mining of bitcoins.

Bitcoin Gold was formed as a result of hard fork on Bitcoin in October, 2017 the purpose of scaling of the bitcoins. The main purpose of Gold coin was to improve the mining process in bitcoin, this is the process through which new bitcoins come into circulation. Bitcoin mining is a very lucrative exercise and most often requires a lot of resources both monetary and human resources. Often the most successful and profitable mining are amalgamation of many rigs with advanced systems.

BSV claims to be the transformator the payment system to give better experience and also cut off the merchant cost, as well as maintain the security of bitcoin. Just like bitcoin it also has 21 million coins in circulation. The BSV is focused on the community and increasing the adoption rate of bitcoin as the alternative currency. Bitcoin- SV occupies 17th position currently in terms of capitalization of the market, which is an indicator of how far it has come since 2018 and in 2020 it has grown exponentially..

In 2018 Bitcoin Cash was divided into: Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision) after a hard fork which is said to be done to bring Bitcoin back to its original form. It is led by Craig Wright who had often claimed him to be Satoshi Nakamoto (founder of Bitcoin). The major difference between and Bitcoin SV is the block size used for the processing of the transactions. Bitcoin SV uses a 128 times higher than the BTC’s network.

Bitcoin Cash (BTC) was introduced as it was faster, cheaper and more scalable than bitcoins. In 2018 the bitcoin was further split into two parts: Bitcoin Cash ABC (adjustable blocksize cap)and Bitcoin Cash SV (Satoshi Vision). Fundamentally, both Bitcoin Cash and Bitcoin cash SV use the same consensus . Bitcoin Cash ABC follows the full node implementation of bitcoin cash, thus has more support of investor, thus it is called Bitcoin Cash. What Bitcoin Cash does is fastens the process of transactions by increasing the size of the block which is on average 8MB to 32MB which was 1MB in Bitcoin, hence enabling the processing of even more transactions per block.

Bitcoin was the first decentralized cryptocurrency, with time it gained huge popularity and with more and more daily transactions, it was getting difficult to manage the daily transactions. To address this among with few other challenges, Bitcoin Cash was introduced. So Bitcoin cash is an extended version of Bitcoin only, bitcoin cash block is eight times bigger than blockchain thus making the exchange and transfers quickly and effectively. The transfer fees of Bitcoin cash is also lower than compared to bitcoins.

Blockchain technology is a new-age system of record keeping which is based on decentralized technology to secure data and promote transparency. It is distinguished from the conventional methods on fundamental bases- it stores the information in forms of block, and each block is connected to the subsequent block. On the ledger of blockchain technology any kind of information can be stored but most prominently it has been used to store financial transactions. For example, bitcoin uses blockchain to store all the data through which all transactions can be tracked easily and no central authority has control of the currency but it is divided in the decentralized way.Another important part of blockchain ledger is that once the information is stored it can’t be reversed and hence the data can’t be forged in any way and makes the system very secure.Blockchain has been widely used nowadays in many systems such as delivery tracking systems, administration systems, storing confidential information of scientific labs and paths, financial ledger systems and much more. Businesses are adopting it to bring transparency into their system and create an effective system for working.

Cryptocurrency is a new type of currency which is in digital form which is used as a medium of exchange. It has become very prominent in the last 5-10 years, for example, bitcoin has almost become an alternative currency . Most of the time, cryptocurrency is electronic-only and isn’t traded in physical form.Cryptographic money appeals to many individuals in view of its capacity to exist without a national bank and along these lines concerns secrecy and subterfuge. It appeals because of its capacity to hold esteem and not be inflated away by national banks that need to print cash. It's likewise hard to fake due to the blockchain record framework that deals with the currency.Cryptocurrencies are produced, tracked and managed through what’s called a distributed ledger such as blockchain. In a distributed ledger, the currency’s movement is processed by computers in a decentralized network, to ensure the integrity of the financial data and ownership of the cryptocurrency. Think of it like a giant never-ending receipt of all the system’s transactions that is being constantly verified by everyone who can see the receipt.Crypto-currency is said to be people’s currency which has set to become an alternative for businesses to conduct and expand business worldwide with more ease.

Bitcoin works on a ledger system using the technology of Blockchain. Each Bitcoin can be considered as a computer file which instead of being in your bank account is on your digital wallet, which can be made on a smartphone or computer. These bitcoins can be used to make any kind of transactions, people can send you in form of payment to your wallet and you can send bitcoins to other people for any kind of payment. Every payment is then recorded on the blockchain ledger which is an open source network and hence all the activities can be tracked. Which makes it possible to go back on the ledger and track the fraudulent activities such as using bitcoins you don’t own, undoing transaction history or copying a bitcoin. Cryptocurrency is often considered unsafe but if you are aware of the system , nobody can fool you.There are 3 ways in which you can get Bitcoins:You purchase them using your country's currency.You receive them by selling products or services.You mint them by solving the Advance mathematical problems, through which you can create new Bitcoins, but this could take many years. After obtaining the Bitcoin you can start trading it, using an anonymous ID.

Bitcoin is the first cryptocurrency which is operated through an open source and peer to peer network which means that there is no central authority such as a bank or government controlling it's operation. Cryptocurrency has emerged as a currency which is accepted worldwide. The currency is the first digital currency which is held in computers and not like rupee notes. It is produced collectively by enterprises all over the word by using advanced computer software that solves mathematical problems.Bitcoin was launched in 2009 with an idea to set aside different currency and make a central currency valid all over the world. The reason why it has seen immense growth since it’s launch is that it is free of all governmental norms and is completely centralised, moreover there are only 21 million bitcoins currently in circulation and since this number is stagnant and the demand is growing, the prices will increase automatically. Bitcoin is the pioneer of creating a currency system that didn’t involve banks; rather, it is operating on a decentralized ledger using technology known as Blockchain.Hence, bitcoin being the pioneer is still one of the most trusted cryptocurrency due to it's ever evolving and profitable nature.

Without a doubt current times are the best time to start investing in cryptocurrencies specially WBTC given its market value. There are multiple reasons why you should invest in WBTC.Firstly the business globally is changing rapidly which means the means of doing business is also going to change soon. More and more businesses are adopting faster and secure payment modes such as cryptocurrency and since it's only the beginning of a revolution it is way easier to acquire cryptocurrency now and in the coming years as it will be more difficult due to high demand and would also get more expensive.Secondly, in comparison to the other cryptocurrency like Bitcoin, Bitcoin Cash, Bitcoin SV or White Bitcoin is way more affordable which is best for the investors who are relatively young in the market and looking for a small start.Lastly till now White Bitcoins have given some excellent results and with it's Members Affiliate program investors are also earning dividends on referrals which is the reason for it's high demand in the market currently. Given the current situation WBTC is expected to grow rapidly in the coming years which means those who join now have a great opportunity of earning in the future

White Bitcoins (WBTC) is quite a recent entrant in cryptocurrencies market. The prices of all the cryptocurrencies are dynamic increasing. So, talking about the prices of the White Bitcoin, it is quite competative.it can be brought in the fractions systems which makes the currency a suitable option for many of the investors. WBTC was launched in 2018 with an initial price of $0.14 and today in such a short span, the prices have seen a rise of above $0.76.In the stipulated time it has reached great heights and in the coming future it's growth is projected at $5000. With its increasing price it is still one of the most profitable investment as it is linked with bitcoins directly. The price of the currency in the future will grow multiple folds but so will the profits for all the investors.Any person who wishes to invest in WBTC can start with even a very small amount because you will be able to buy small fractions which will not cost much and still give profitable returns in the coming time.

Buying a cryptocurrency can’t be a difficult process. A few points that you should keep in mind is it's liquidity, security and market value. Here are our top picks of cryptocurrency:Bitcoins: Bitcoin is the first ever cryptocurrency and since then no currency could match as it has gained a lot of trust in the crypto market and in the coming year with its increasing popularity the investors will see high results in their investments because there are only a specific number of bitcoins in the market and no one can produce more and hence the price will increase as the demands increase. Many people talk about it's price and even though it's expensive, it's demand is ever growing and hence they are always a good option if you are going for a trusted brand.White Bitcoins: White bitcoins are the best alternative to bitcoins right now. White Bitcoins are backed by some solid technologies with concepts of minting and holding which are remarkable in the current scenario. Since WBTC can be bought in a fractional system it makes the currency even more affordable and it is the best option for those who are beginning to learn about cryptocurrency. Just like bitcoins, WBTC also has gained a lot of trust within the crypto community and it is said to be a great hit in the coming years.2020 has changed the world a lot and technology is now important more than ever and as many businessmen and investors go to the digital economy. Currencies like WBTC are a perfect for the changing times and are going to bloom in the digital economy.

White Bitcoins are one of the most exciting upcoming digital currencies which is witnessing high demand. Investing in white bitcoin is easy, it is listed on various exchange site along with other cryptocurrencies. One of the most trusted website is Coin List (https://belpay.io/buy-sell-whitebitcoin-online/) and some more websites which provide a very easy process to buy and trade your WBTC. White Bitcoin was introduced on this --- https://whitebitcoin.io in 2018 and with steady demand, it got into life-term listing agreement on the site. To buy WBTC first you need to buy bitcoins from the above mentioned websites and you can instantly convert it to WBTC the process of which is called trading. The currency is highly liquid and hence the transaction is done swiftly.Hence WBTC have reduced the time which was taken before to transact with bitcoins and made the process very easy. WBTC is in a perfect sense modern day currency which can be bought and sold in a day to day process and also provides great returns. You can visit any of the websites to gain detailed information.

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