Currency Image Bitcoin (BTC)

1.000000 BTC (0.00%)
currency icon 19,996.0000 USD (2.53%)
Market Cap
currency icon 381,990,665,420.0000 USD
Volume (24h)
currency icon 23,636,658,182.0000 USD
Circulating Supply
19,086,506 BTC
Max Supply
21,000,000 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
BELPAY BTC/WBTC USD 5,703,266.18045040 BTC 8,122.78624253
BINANCE BTC/USDT USD 76,667.13898793 BTC 20,179.80000000
COINBASE BTC/USD USD 2,486.70000000 BTC 27,000.00000000

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
05 Jul, 2022 20,213.5191 20,200.7066 20,214.0845 20,200.7066 1022520.001
04 Jul, 2022 19,291.8486 20,213.5191 20,308.6527 19,045.6176 102564.001
03 Jul, 2022 19,227.1611 19,223.6994 19,228.1350 19,220.6828 125250.001
02 Jul, 2022 19,255.0439 19,227.1611 19,410.0331 18,983.5413 102564.001
01 Jul, 2022 19,912.0359 19,824.2451 19,939.7903 19,789.1984 115544.001
30 Jun, 2022 20,100.3921 19,912.0359 20,133.3072 18,677.1550 125250.001
29 Jun, 2022 20,260.3239 20,265.4142 20,265.4142 20,251.5804 112451.001
28 Jun, 2022 20,703.8992 20,260.3239 21,182.1206 20,188.6053 152595.001
27 Jun, 2022 21,040.8836 21,056.6293 21,056.6293 21,030.0265 125150.001
26 Jun, 2022 21,478.5638 21,040.8836 21,833.6155 20,996.1253 102564.001
25 Jun, 2022 21,218.9287 21,235.7618 21,235.7618 21,203.7443 102564.001
24 Jun, 2022 21,098.9434 21,218.9287 21,489.1027 20,721.7835 125454.001
23 Jun, 2022 19,948.7827 19,966.2557 19,974.9649 19,948.7827 112451.001
22 Jun, 2022 20,687.2202 19,948.7827 20,849.1239 19,756.0667 125411.001
21 Jun, 2022 20,552.6327 20,569.0661 20,569.0661 20,539.3669 112451.001
20 Jun, 2022 20,549.0351 20,552.6327 20,974.7218 19,634.5146 125150.001
19 Jun, 2022 18,963.7743 18,972.1540 18,988.2212 18,928.6518 112451.001
18 Jun, 2022 20,404.3256 18,963.7743 20,700.8465 17,618.9429 152056.001
17 Jun, 2022 20,385.5824 20,316.0865 20,388.9492 20,316.0865 125250.001
16 Jun, 2022 22,562.5890 20,385.5824 22,926.9140 20,221.7218 1022520.001
15 Jun, 2022 22,112.1020 22,087.4971 22,140.2152 22,031.3166 152056.001
14 Jun, 2022 22,459.4051 22,112.1020 23,174.0418 20,857.1621 152595.001
13 Jun, 2022 26,608.0861 26,711.1156 26,736.1311 26,603.7130 125454.001
12 Jun, 2022 28,402.6525 26,608.0861 28,524.1631 26,601.7660 125454.001
11 Jun, 2022 29,071.2088 29,071.8686 29,078.8536 29,068.6168 152595.001
10 Jun, 2022 30,086.6638 29,071.2088 30,316.0145 28,875.3901 102564.001
09 Jun, 2022 30,224.9592 30,229.3314 30,229.3314 30,200.3053 125411.001
08 Jun, 2022 31,133.8484 30,224.9592 31,307.5920 29,872.8575 125454.001
07 Jun, 2022 31,361.3082 31,318.1569 31,361.3082 31,318.1569 126815.001
06 Jun, 2022 29,908.9006 31,361.3082 31,740.5688 29,889.7701 152595.001

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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July 04, 2022

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would consent to the legitimization of cryptographic money mining, gave the returns from the movement are switched over completely to fiat beyond Russia. The controller's most recent situation with regards to this issue comes after it mellowed its position on the conceivable utilization of digital currencies for installments, regardless of whether just globally.National Bank of Russia to Accept Legalization of Cryptocurrency MiningThe financial expert in Moscow is currently prepared to back the sanctioning of crypto mining under the condition that Russian excavators are obliged to sell the coins they get in the process outside the country. That is as per a new assertion by Kirill Pronin, head of Bank of Russia's Financial Technologies Department.The national bank has been the hardline voice in the continuous conversations on the eventual fate of digital forms of money in Russia, proposing a sweeping restriction on most related exercises recently, including mining. Notwithstanding, confronting resistance from other government foundations and managing monetary limitations forced over the conflict in Ukraine, its position has begun to change.Lead representative Elvira Nabiullina showed last month that crypto installments can be allowed in the event that they don't "enter" the Russian monetary framework. Simultaneously, she demanded that computerized monetary standards like bitcoin ought not be exchanged on Russian stages on the grounds that these resources are excessively unstable and dangerous for expected financial backers.Talking during the St. Petersburg International Legal Forum this week, Pronin noticed that while mining wouldn't fall under the obligation of the Central Bank of Russia (CBR), it is one of the ways of getting digital currency, as expenses for the approval of crypto exchanges performed by diggers. "The legitimization of mining can be examined, however various circumstances, as we would like to think, should be met in such manner," he was cited as saying by Interfax.Ivan Chebeskov, head of the money service's Financial Policy Department, called attention to that some enormous crypto mining organizations situated in the Russian Federation have been likewise compelled to manage unfamiliar limitations while pulling out reserves. He proposed that Russia might need to make its own trade foundation to give liquidity to the business.Kirill Pronin repeated, nonetheless, that as per the CBR, the digital money printed by the excavators in Russia ought to be sold external its lines and not permitted to gather inside the country. The point is to try not to make motivations for its ensuing use in homegrown installments.Other than the new bill "On Digital Currency," expected to extensively control Russia's crypto space, a committed draft regulation "On Mining in the Russian Federation" was submitted to the State Duma in April. Individuals from the lower place of Russian parliament propose to perceive crypto mining as a business action utilizing Russian data foundation and hardware situated in the country.
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July 04, 2022

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer

The hardware monster and biggest organization in South Korea, Samsung, is amidst making 3-nanometer (3nm) semiconductors for a Chinese application-explicit IC firm, sources have said. The new chip configuration has caused hypothesis among the crypto local area that it's conceivable Samsung might be making application-explicit incorporated circuits (ASICs) for bitcoin diggers.Sources Say Samsung to Start 3nm Process This Week, Crypto Community Believes Chinese IC Firm May Be a Bitcoin Mining Rig MakerThere is hypothesis that Samsung is making ASICs for bitcoin mining and the BTC mining rig producer Microbt might be a future client. The sources originate from thelec.net distribution which makes sense of that the hardware organization expects to preliminary the foundry creation of the 3nm chips this week.Different reports have noticed that Samsung implied about the new chips in a 2022 profit call. The organization has additionally been engaged with non-fungible token (NFT) resources this year and presented brilliant TVs that help NFT foundation.The report originating from thelec.net takes note of that an anonymous Chinese organization zeroed in on ASICs will be Samsung's most memorable 3nm chip client however Qualcomm has moreover "reserved a spot for the cycle."Tales about Samsung making 3nm chips explicitly for bitcoin mining have fanned out like quickly via web-based entertainment. On the off chance that Samsung is making ASICs for bitcoin mining it will follow the lead of several contenders like Intel and TSMC.Taiwan Semiconductor Manufacturing Company (TSMC) has been delivering ASICs crypto excavators can use for a really long time, and Intel as of late hopped into making semiconductors for bitcoin mining this year.The Samsung hypothesis concerning the organization building bitcoin-accommodating ASICs has been distributed by various crypto news distributions, and the first source thelec.net, refers to individuals acquainted with the matter.It's conceivable that Samsung has proactively been making bitcoin-accommodating ASICs without anybody being familiar with the creation. For example, while TSMC has provided chips to organizations like Bitmain, the Taiwan firm doesn't officially declare these items.Nearby reports from South Korea in January 2018 say that Samsung was at that point working with a Chinese organization by making ASIC chips for mining computerized monetary standards."Samsung is working a foundry that provisions a Chinese digital currency mining firm with mining gear and ASIC chips. Since Samsung has quite recently started its digital currency mining adventure, it is uncertain of the incomes it can create from it," the neighborhood media revealed at that point.
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Bitcoin Price

  • Bitcoin Price currency icon 19,996.0000 USD
  • 24 Hour High / Low currency icon 20,630.0000 USD /
    currency icon 19,359.8000 USD
  • 24 Hour Volume currency icon 23,636,658,182.0000 USD
  • Market Cap currency icon 381,990,665,420.0000 USD
  • Market Cap Rank #1
  • Market Cap Dominance 13.2538%
  • Bitcoin/Bitcoin Ratio 1 BTC = 1.0000 BTC
  • 7 Day High / Low currency icon 20,796.9000 USD /
    currency icon 18,677.2000 USD
  • 30 Day High / Low currency icon 31,740.6000 USD /
    currency icon 17,618.9000 USD
  • 90 Day High / Low currency icon 43,962.9000 USD /
    currency icon 17,618.9000 USD
  • 52 Week High / Low currency icon 68,892.0000 USD /
    currency icon 17,618.9000 USD
  • All Time High currency icon 68,892.0000 USD
  • All Time Low currency icon 65.5300 USD
  • Bitcoin ROI 4641 %
  • Trading Volume currency icon 381,990,665,420.0000
  • Circulating Supply 19,086,506 BTC
  • Total Supply 19,086,506 BTC
  • Max Supply 21,000,000 BTC

Cryptocurrency Converter Calculator

1 White Bitcoin (WBTC)
=
19,996.0000 United State Doller (USD)
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Frequently Asked Questions

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.

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.

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.

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.

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