Currency Image Bitcoin (BTC)

1.000000 BTC (0.00%)
currency icon 33,987.0000 USD (0.02%)
Market Cap
currency icon 636,946,114,110.0000 USD
Volume (24h)
currency icon 31,768,945,715.0000 USD
Circulating Supply
18,741,800 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 5,014,346.36132810 BTC 14,305.90785520
COINBASE BTC/USD USD 288.00000000 BTC 32,000.00000000
BINANCE BTC/USDT USD 8.96114504 BTC 35,934.31208222

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
23 Jun, 2021 32,502.2779 33,659.6862 34,782.4654 31,854.3381 125411.001
22 Jun, 2021 31,680.4344 32,502.2779 33,248.2452 29,007.9848 125454.001
21 Jun, 2021 35,643.5484 31,680.4344 35,645.9831 31,312.2036 126815.001
20 Jun, 2021 35,553.7470 35,643.5484 36,025.8893 33,400.8750 125454.001
19 Jun, 2021 35,743.4621 35,553.7470 36,384.6631 34,927.7621 152595.001
18 Jun, 2021 38,002.6092 35,743.4621 38,147.7950 35,195.3484 125411.001
17 Jun, 2021 38,292.1027 38,060.7771 39,519.3715 37,474.5437 152595.001
16 Jun, 2021 40,117.6654 38,332.2003 40,457.3658 38,163.0124 152056.001
15 Jun, 2021 40,508.9296 40,117.6654 41,274.0212 39,615.2319 152056.001
14 Jun, 2021 39,142.8773 40,508.9296 40,957.5928 38,773.4408 125150.001
13 Jun, 2021 35,510.6392 39,062.3013 39,334.5653 34,815.4097 125250.001
12 Jun, 2021 37,273.6973 35,510.6392 37,439.0845 34,727.8860 125411.001
11 Jun, 2021 36,682.0570 37,273.6973 37,571.8200 36,001.6864 102564.001
10 Jun, 2021 37,351.0508 36,682.0570 38,348.7195 35,839.3469 115544.001
09 Jun, 2021 33,413.6815 37,351.0508 37,517.8805 32,475.1084 125411.001
08 Jun, 2021 33,746.6079 33,413.6815 34,012.7748 31,145.7811 115544.001
07 Jun, 2021 35,884.7794 33,746.6079 36,737.5360 33,462.9949 1022520.001
06 Jun, 2021 35,563.7283 35,884.7794 36,440.8220 35,310.5216 125411.001
05 Jun, 2021 36,743.8584 35,536.7175 37,902.4224 34,897.5807 126815.001
04 Jun, 2021 39,192.5405 36,865.5995 39,261.7113 35,693.7380 125250.001
03 Jun, 2021 37,688.1793 39,192.5405 39,471.0041 37,237.6584 152595.001
02 Jun, 2021 36,848.6606 37,575.3840 38,212.5812 36,001.4788 125250.001
01 Jun, 2021 37,252.5666 36,848.6606 37,829.8050 35,764.6011 125411.001
31 May, 2021 35,556.6236 37,252.5666 37,457.2820 34,239.2476 125250.001
30 May, 2021 34,597.0621 35,514.6706 36,409.3715 33,542.8746 125454.001
29 May, 2021 35,871.1721 34,597.0621 37,157.6848 33,679.9714 126815.001
28 May, 2021 38,420.2099 35,871.1721 38,845.6734 34,783.8785 112451.001
27 May, 2021 39,286.9945 38,420.2099 40,334.7653 37,254.6249 125454.001
26 May, 2021 38,341.8284 39,286.9945 40,732.6282 37,915.8224 115544.001
25 May, 2021 38,861.1454 38,341.8284 39,822.4584 36,602.0883 125250.001
24 May, 2021 35,191.9072 38,714.6833 39,852.9753 34,549.9104 115544.001

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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June 23, 2021

New Bank of America Report Says Digital Currencies 'Could Boost Economic Growth' in Developing Countries

A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potentials” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging market economies.”Digital Currencies and Financial InclusionStill, the study findings show that while digital currencies are likely to “boost economic growth” in developing countries, their adoption will carry some risk. In addition, the study also finds that the rise of digital currencies “could lead to inflation and dollarization.”Meanwhile, a separate report quotes David Hauner, the BOA’s head of emerging market cross-asset strategy and economics for EMEA, explaining why digital currencies could be pivotal in emerging market countries where more than 50% of adults lack a bank account.“Digital currencies have the potential to address many practical constraints on financial services in poor countries,” said Hauner.The report also lists the reduction of cross-border payment costs as well as the reduction of corruption and other illegal activities as some of the constraints that can be addressed by digital currencies.Risks to Physical CurrencyThe BOA research study found that the rise of digital currencies could potentially “undermine a country’s physical currency,” however. Expanding on these findings, Hauner stated:Easier access to alternative digital currencies is also likely to increase the volatility of the domestic money supply and the exchange rate. Easier access to alternatives also raises the risks of rapid shifts of liquidity out of (or into) the currency and the banks which can magnify macro volatility in already less stable countries. Higher macro volatility would then reduce the effectiveness of policies and undermine the long-term rate of growth.Despite these risks, Hauner suggests that more central banks are “likely to issue a general purpose CBDC in the next three years.” As previously reported by Bitcoin.com News, several countries — including a few in Africa — are currently at different stages of developing or piloting their digital currencies. Several more countries are likely to join the race as more studies show that digital currency benefits outweigh the risks. 
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June 22, 2021

Crypto is the most dangerous investment, Bank of Russia governor says

The Bank of Russia proceeds with its extreme position on cryptographic money exchanging regardless of developing worries over the nation passing up the computerized resource industry.The legislative head of Russia's national bank, Elvira Nabiullina, repeated the bank's negative position on crypto in a Monday meeting with Komsomolskaya Pravda, contending that crypto is perhaps the most perilous speculations that right now exist.Nabiullina referenced crypto inside the setting of other high-hazard venture spaces like unfamiliar trade markets. "It's far simpler to lose on the unfamiliar trade market than to win," she said, expressing that "theoretical crypto resources" are considerably more dangerous.The bank lead representative said that costs in the digital currency market are incredibly unstable, expressing that "misfortunes can be huge." She further focused on that the Bank of Russia doesn't prescribe crypto speculations to people in general:The national bank never offers speculation guidance, however, in this specific case, the bank unquestionably doesn't suggest it."Nabiullina has recently expressed that digital currencies like Bitcoin (BTC) are "phony cash" and ought not to be utilized for repayments in Russia. Back in 2017, she alluded to the developing worldwide fame of crypto as a "dash for unheard of wealth."Related: Bank of Russia to begin computerized ruble preliminaries in 2022Regardless of being distrustful about crypto, Nabiullina is hopeful about the computerized ruble, the Bank of Russia's national bank advanced money project. She said last year that a computerized ruble would help organizations by removing monetary mediators.There has been developing analysis of the Bank of Russia's position on crypto, with one State Duma part blaming the national bank for being silly on the business. Russian modern head honcho Oleg Deripaska impacted the national bank last week for its aversion to perceiving digital currencies.
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Bitcoin Price

  • Bitcoin Price currency icon 33,987.0000 USD
  • 24 Hour High / Low currency icon 34,241.0000 USD /
    currency icon 32,318.0000 USD
  • 24 Hour Volume currency icon 31,768,945,715.0000 USD
  • Market Cap currency icon 636,946,114,110.0000 USD
  • Market Cap Rank #1
  • Market Cap Dominance 44.2460%
  • Bitcoin/Bitcoin Ratio 1 BTC = 1.0000 BTC
  • 7 Day High / Low currency icon 39,087.2000 USD /
    currency icon 29,008.0000 USD
  • 30 Day High / Low currency icon 41,274.0000 USD /
    currency icon 29,008.0000 USD
  • 90 Day High / Low currency icon 64,785.9000 USD /
    currency icon 29,008.0000 USD
  • 52 Week High / Low currency icon 64,785.9000 USD /
    currency icon 8,906.8300 USD
  • All Time High currency icon 64,785.9000 USD
  • All Time Low currency icon 65.5300 USD
  • Bitcoin ROI 7958 %
  • Trading Volume currency icon 636,946,114,110.0000
  • Circulating Supply 18,741,800 BTC
  • Total Supply 18,741,800 BTC
  • Max Supply 21,000,000 BTC

Cryptocurrency Converter Calculator

1 White Bitcoin (WBTC)
=
33,987.0000 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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