Currency Image Bitcoin (BTC)

1.000000 BTC (0.00%)
currency icon 16,269.6000 USD (0.61%)
Market Cap
currency icon 312,744,784,323.0000 USD
Volume (24h)
currency icon 22,619,980,319.0000 USD
Circulating Supply
19,219,525 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 5,475,946.46312710 BTC 6,818.02572111
COINBASE BTC/USD USD 27,502.80000000 BTC 20,500.00000000
BINANCE BTC/USDT USD 231.62302135 BTC 19,785.01830400

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
28 Nov, 2022 16,421.0702 16,426.7721 16,426.7721 16,420.8155 125454.001
27 Nov, 2022 16,450.9366 16,421.0702 16,582.9385 16,416.8950 126815.001
26 Nov, 2022 16,504.4723 16,509.6466 16,509.9828 16,504.4723 125150.001
25 Nov, 2022 16,577.3389 16,504.4723 16,592.3648 16,363.3269 152595.001
24 Nov, 2022 16,610.0100 16,594.3582 16,610.0100 16,594.3582 152056.001
23 Nov, 2022 16,195.1568 16,610.0100 16,652.0663 16,149.4005 125150.001
22 Nov, 2022 15,751.5132 15,761.0714 15,776.7147 15,754.9861 125150.001
21 Nov, 2022 16,245.9720 15,776.8713 16,260.8072 15,562.2127 152056.001
20 Nov, 2022 16,688.7456 16,687.5079 16,690.4621 16,687.1869 125411.001
19 Nov, 2022 16,683.2463 16,690.4621 16,791.0251 16,549.1362 112451.001
18 Nov, 2022 16,677.4923 16,680.5032 16,687.4540 16,677.4923 152056.001
17 Nov, 2022 16,678.2689 16,677.4923 16,723.0148 16,428.3476 152056.001
16 Nov, 2022 16,878.9769 16,878.8812 16,878.9769 16,869.4811 125250.001
15 Nov, 2022 16,599.8527 16,878.8812 17,033.6392 16,520.1974 152056.001
14 Nov, 2022 16,313.2539 16,308.0511 16,322.2824 16,307.8463 125454.001
13 Nov, 2022 16,778.8968 16,311.4501 16,903.8187 16,299.1345 112451.001
12 Nov, 2022 17,021.5690 17,019.7904 17,032.6231 17,015.5350 125454.001
11 Nov, 2022 17,558.6471 17,021.5690 17,633.4847 16,504.6492 112451.001
10 Nov, 2022 15,865.0056 15,866.3363 15,874.0571 15,865.3998 126815.001
09 Nov, 2022 18,514.4785 15,871.5369 18,573.3435 15,612.4690 126815.001
08 Nov, 2022 20,596.9123 20,587.8056 20,596.9123 20,581.7091 125250.001
07 Nov, 2022 20,923.8019 20,596.9123 21,042.9947 20,442.5075 126815.001
06 Nov, 2022 21,303.0073 21,302.7574 21,303.2450 21,301.8432 125150.001
05 Nov, 2022 21,157.9384 21,301.8432 21,463.7321 21,098.8792 125150.001
04 Nov, 2022 20,208.0462 20,207.8258 20,208.2657 20,207.1655 102564.001
03 Nov, 2022 20,153.6496 20,207.3076 20,385.6583 20,075.5092 152056.001
02 Nov, 2022 20,486.7122 20,486.7718 20,486.7719 20,482.9472 152595.001
01 Nov, 2022 20,490.8695 20,486.7122 20,642.8967 20,342.2491 125150.001
31 Oct, 2022 20,635.6321 20,641.8256 20,641.8256 20,635.6321 112451.001
30 Oct, 2022 20,827.0927 20,635.6321 20,918.7523 20,530.3359 102564.001
29 Oct, 2022 20,592.5242 20,591.0888 20,600.0742 20,591.0888 102564.001

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.

Img
November 24, 2022

Will The Next Genesis Crypto Brokerage Fail?

The FTX fiasco continued to turn cryptocurrencies upside down as investor sentiment waned. The global crypto market value, which was about $1 trillion a few weeks ago, has dropped to less than $800 billion, and many cryptocurrencies are recovering well. Billions of dollars worth of wealth has been destroyed! Can crypto investors handle more complexity? Bankruptcies seem to be common in the past few months among crypto exchanges as illiquidity continues to be one of the main issues among them, but it destroys trust the hearts of investors, causing the market to fall. It seems that the bankruptcy crisis is not ending soon, and it is said that crypto brokerage Genesis Trading may be on the verge of bankruptcy. Although FTX announced its failure on November 11, investors already panicked and sold the exchange FTT token days before the actual announcement. FTX problems came to light when its sister company Alameda balance sheet raised questions about the foundation heavily stocked FTT tokens instead of independent assets like fiat money or other cryptocurrencies. Despite the assurances of Sam Bankman-Fried that everything is fine with FTX and the group as a whole, however, everything finally fell apart when FTX filed for Chapter 11 to start the process of restructuring and investing in order for the benefit of all stakeholders in the world. Currently, at the time of writing, on CoinMarketCap, the global crypto market is around $781.26 billion, down 1.77%. Major cryptos Bitcoin and Ethereum are below $15,800 and $1,100 --- down about 2% each in the past 24 hours. Meanwhile, the FTX token is struggling to hold the $1 mark. FTX has fallen more than 29% in the past seven days, while its monthly decline is more than 94%. But why the FTX problem with Genesis? Why is there speculation about Genesis money? Genesis has been updating its relationship with FTX for the past few days after Alameda balance sheet got questioned and FTT score dropped. On November 9, Genesis tweeted, "Genesis has a business relationship with FTX, among other variables. Our exposure to FTX does not affect our ability to serve our customers." On the same day, the trader said, "in anticipation of the extreme volatility of the market ... we closed and sold contracts, causing a loss of about $ 7 million across all parties, including Alameda". Then Genesis said later, to emphasize, Genesis has no ongoing loan relationship with FTX or Alameda.On the day FTX filed for bankruptcy, Genesis tweeted that "the production business now has about $175 million in funds locked in our FTX account, adding that" this does not affect the business we hold. Step"
Read More
Img
November 23, 2022

The definition of Crypto is almost complete. Its not a system problem

The first question cryptocurrency owners should ask themselves right now is whether bitcoins, dogcoins and other tokens are safe. Get them in the hands of the wrong dealer or manager, and they can go off into a never-ending cycle of withdrawals, which may never happen. The second question is closely related: has the price fallen enough to justify a purchase? There is no clear answer, of course, since these are speculative assets with no basis for speculation. But for other speakers and true believers who think that we will all end up using the crypto financial system, it is worth thinking about how investors are prepared for the system crisis. For the rest of us, it fun to watch from the sidelines. The easiest way is to look at the prices. Since peaking in November, bitcoin has fallen 77% against the dollar, a dramatic decline. Since the first crypto crisis in May, before Sam Bankman-Fried FTX has stepped in to calm things down, bitcoin has almost collapsed. But since the run on FTX that started with CoinDesk report about its hedge funds earlier this month leading to its payout, the price has fallen more than 20%. There is no way to say for sure how much confidence in the crypto ecosystem has been damaged by the magnitude of the failure. But on a larger scale, the 77% drop in prices is not that far off from the 85% drop in US stocks from the peak to the financial crisis of 2007-2009. Bitcoin is also better than a bank because it itself cannot fail, although the exchanges that allow it to trade seem to fall like dominoes (and unlike banks, they do not have the Federal Reserve to save them). Take that thought, and perhaps most of the loss of faith has already been explained in this process. The removal of speculators is another proof of this. Some crypto hedge funds have no choice but to stop trading as their funds are locked in a collapsed exchange. Others have chosen to take less risk, which means less money to support the value of crypto. The proof is, first of all, that there is little demand to borrow crypto assets, because speculators no longer want to take more risks. The interest that can be obtained by lending tether, a "stablecoin" that is pegged to the value of the dollar, has fallen to only 2-3%, less than what can be obtained from the risk-free dollar . There is almost no demand for bitcoin lending, and lending rates on Aave and Compound, two decentralized financial platforms for borrowers and lenders, are close to zero. Second, advertising in the popular arbitration market has increased dramatically. These are businesses that are successful when investors want to take risks, because the benefits are easy to calculate - for example, using different price values for different crypto groups separate, or buy a publicly traded company that holds shares. . These and other arbitrage transactions are no longer popular because they require a lot of involvement and involve the risk that the counterparty, exchange or listed company will fail. Third, the number of stablecoins in circulation has decreased as loans are repaid. There was only $65 billion outstanding, down from a peak of $83 billion in May.
Read More
Img

Bitcoin Price

  • Bitcoin Price currency icon 16,269.6000 USD
  • 24 Hour High / Low currency icon 16,436.5000 USD /
    currency icon 16,065.4000 USD
  • 24 Hour Volume currency icon 22,619,980,319.0000 USD
  • Market Cap currency icon 312,744,784,323.0000 USD
  • Market Cap Rank #1
  • Market Cap Dominance 11.1187%
  • Bitcoin/Bitcoin Ratio 1 BTC = 1.0000 BTC
  • 7 Day High / Low currency icon 16,753.3000 USD /
    currency icon 15,636.9000 USD
  • 30 Day High / Low currency icon 21,463.7000 USD /
    currency icon 15,562.2000 USD
  • 90 Day High / Low currency icon 22,703.1000 USD /
    currency icon 15,562.2000 USD
  • 52 Week High / Low currency icon 59,118.7000 USD /
    currency icon 15,562.2000 USD
  • All Time High currency icon 68,892.0000 USD
  • All Time Low currency icon 65.5300 USD
  • Bitcoin ROI 3757 %
  • Trading Volume currency icon 312,744,784,323.0000
  • Circulating Supply 19,219,525 BTC
  • Total Supply 19,219,525 BTC
  • Max Supply 21,000,000 BTC

Cryptocurrency Converter Calculator

1 White Bitcoin (WBTC)
=
16,269.6000 United State Doller (USD)
Img

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.

Popular News