Bitcoin (BTC) Overview
Current Price: $109,061.69 (-0.62% in 24h)
Market Cap: $2.17T
24h Range: $108,567.93 - $110,536.18
Bitcoin (BTC), launched in 2009 by Satoshi Nakamoto, pioneered the cryptocurrency revolution as the first decentralized digital currency. Operating without intermediaries, BTC relies on cryptographic proof and network consensus to validate transactions, enhancing security and transparency. Its volatility reflects market dynamics, yet historical trends show resilience—rebounding stronger after major corrections.
Why Bitcoin Matters
- Market Leader: BTC dictates trends across the crypto market, influencing altcoin prices.
- Store of Value: Dubbed "digital gold," it hedges against inflation and economic instability.
- Global Payments: Enables fast, low-cost cross-border transactions.
How Bitcoin Works
- Blockchain Technology: Transactions are recorded on a public ledger (Bitcoin blockchain) in 10-minute blocks.
- Mining: Miners validate transactions via Proof-of-Work (PoW), earning BTC rewards.
- Halving Events: Every ~4 years, mining rewards halve (last in 2024), reducing supply and historically boosting prices.
FAQs
1. What’s Bitcoin’s price history?
Bitcoin hit an all-time high of $111,990.33** and a low of **$0.0486, showcasing its exponential growth.
2. Where can I buy Bitcoin?
Purchase BTC on exchanges like OKX via credit cards, debit cards, or P2P trading.
3. How do I store Bitcoin safely?
Use wallets like Cryptomus (with 2FA/KYC) for secure storage and management.
4. Why is Bitcoin volatile?
Price swings stem from supply-demand dynamics, speculation, and macroeconomic factors.
5. What drives Bitcoin’s value?
Key factors include adoption rates, institutional investment, and technological upgrades (e.g., Lightning Network).
Bitcoin Mining Explained
- PoW Mechanism: Miners solve complex puzzles to add blocks, consuming significant energy.
- Rewards: Miners earn BTC for validating transactions—a process funded by transaction fees.
Trending Cryptocurrencies (24h %)
| Coin | Change |
|------------|---------|
| Ethereum | +1.2% |
| Solana | -0.8% |
| Cardano | +3.5% |
Maximize Your Crypto Experience with Cryptomus
- Staking: Earn 20% APY on TRX stakes.
- AML Checks: Ensure transaction safety with Cryptomus’s AML tool.
- Mobile App: Manage assets on-the-go via iOS/Android.
Note: All links except OKX have been removed per guidelines.
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