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BTC

36986.00

1.37%

ETH

2013.51

2.97%

BNB

245.88

1.02%

SOL

58.88

-1.55%

ADA

0.39

3.76%

AVAX

21.91

2.86%

AAVE

90.73

2.55%

COMP

52.01

2.25%

UNI

5.22

2.28%

S&P 500

4514.02

0.13%

GOLD

1969.40

-0.77%

OIL

77.56

2.20%



BTC

36986.00

1.37%

ETH

2013.51

2.97%

BNB

245.88

1.02%

SOL

58.88

-1.55%

ADA

0.39

3.76%

AVAX

21.91

2.86%

AAVE

90.73

2.55%

COMP

52.01

2.25%

UNI

5.22

2.28%

S&P 500

4514.02

0.13%

GOLD

1969.40

-0.77%

OIL

77.56

2.20%


 1. home
 2. prices
 3. Bitcoin price (BTC)


BITCOINBTC

Live Bitcoin price updates and the latest Bitcoin news.

price

sponsored by

Blockworks Research

$37,010

$569.00

(1.54%)

24h low

$36,443.00

24h high

$37,516.00


PriceMarket Cap
1D7D1M3M1YYTDALL
LinearLogarithmic
Created with Highcharts 10.3.315:0018:0021:0020.
Nov03:0006:0009:0012:0015:0018:0020.
Nov06:0012:00$36250$36500$36750$37000$37250$37500$37750

The live Bitcoin price today is $37,010.00 USD with a 24-hour trading volume of
$69.90M USD. The table above accurately updates our BTC price in real time. The
price of BTC is down -0.6% since last hour, up 1.44% since yesterday. The live
market cap, measured by multiplying the number of coins by the current price is
$370.10 USD. BTC has a circulating supply of 19.55M coins and a max supply of
21.00M BTC.


ABOUT BITCOIN


WHAT IS BITCOIN?

Bitcoin was created in 2009 by a pseudonymous person or group under the name
Satoshi Nakamoto. Bitcoin's vision of an electronic peer-to-peer payment system
that enables people to send money to anyone in the world without permission gave
birth to the crypto industry we know today. Nakamoto believed that our current
financial system was too reliant on a small number of permissioned, large banks
that lend out customer deposits and were often left insolvent in the case of
bank runs or times of credit retractions. It seems clear that Satoshi also
believed that the underlying concept of 'fiat' currencies were an inherently
flawed credit based design. Satoshi Nakamoto's indentity remains a mystery to
this day, but he/she/they instilled a messaged with the genesis block's data
stating "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

Bitcoin is just a simple piece of software, often referred to as a client, that
anyone in the world is free to download and run. Every node running a Bitcoin
client shares a copy of the blockchain, or a large list of accounts with
balances and their corresponding transaction history. Bitcoin targets 10 minute
block times, meaning that every 10 minutes a block of transactions should be
propogated throughout the network of nodes. Bitcoin's primary innovation was
solving the 'double-spend' problem without relying on a centralized entity. For
example, banks ensure that no individual or group is able to spend a single
dollar more than once because they privately verify every transaction. The
Bitcoin software requires nodes to keep all transactions recieved in memory
before solidifying their validity by submitting them on chain. Random nodes then
add blocks of transactions to the chain after the targeted block interval (10
minutes) has passed and shares it with the rest of the nodes in the network. All
nodes come to an agreement on the correct list of transactions while removing
any conflicting ones, thus ensuring that no BTC is ever spent more than once.

Bitcoin is the longest tenured blockchain and remains the largest digital asset
by market capitalization. It represents the birth of digital currencies that are
censorship-resistant, peer-to-peer, and permissionless with programatic monetary
policy.


ABOUT BITCOIN

Bitcoin (BTC) is a digital asset - also called cryptocurrency - that allows
people to transact directly with each other without intermediaries like banks.
As digital means of transferring and settling value, Bitcoin is tamperproof,
censorship-resistant, globally accessible, and secured by energy. It was
released in 2009 and was the first successful currency of its kind.

Bitcoin was created by an unknown person or a group of people going by the
pseudonym Satoshi Nakamoto. Satoshi was actively leading and developing the
project for a while after Bitcoin’s launch. However, on April 26, 2011, he sent
a final email to his fellow developers saying he had “moved on to other
projects.” Today, more than 800 people are contributing to the development of
Bitcoin, according to GitHub.

Satoshi designed Bitcoin with a limited total supply of 21 million units,
creating digital scarcity, the first of its kind. As of October 4, 2022, there
were 19,168,118 bitcoin in circulation (91% of the total supply). Bitcoin is
divisible up to 8 decimal places (100 millionth). The smallest unit is called a
“satoshi.” Bitcoin’s ticker is BTC and is used across many different trading
venues.


PRICE HISTORY

Bitcoin’s price is following a cyclical pattern, going through peaks and
troughs, which are correlated with its halvings. With every halving, Bitcoin’s
supply is cut in half, making it more scarce. Such halvings happen every 4 years
approximately. Initially, 50 BTC were added into circulation with each block.
Having seen three havlings already, Bitcoin’s supply issuance currently stands
at 6.25 BTC every 10 minutes on average. The next halving will take place in
2024, cutting the amount per block to 3.125 BTC. Miners are projected to mine
the last BTC around 2140.

At launch, BTC didn’t have a price tag. It had no monetary value. When Satoshi
mined the genesis block (first block), 50 BTC went into circulation at $0. Fast
forward to November 10, 2021, 12 years later, Bitcoin hit an all-time high (ATH)
of $68,789.63. This was a huge moment for the Bitcoin community and the crypto
space as a whole. Needless to say though, the cryptocurrency has gone through
many ups and downs over the years before reaching this historical price. In
February 2011, for example, bitcoin’s price rose to $1 for the first time. It
then climbed to $10 and $30 in the subsequent months. By the end of 2011, BTC
was under $5.

2013 was a huge year for bitcoin because it recorded a price gain of 6,600%. Its
first major pump is said to have been caused because of Chinese investors
circumventing the country’s capital controls. Although it experienced a price
correction after almost hitting $250 in April, it reached $1,000 for the first
time in the last quarter of 2013. Bitcoin wouldn’t record $1,000 again for more
than 3 years.

Over the course of its history, bitcoin has always made a strong comeback. In
December 2017, the cryptocurrency even peaked at nearly $20,000. A crypto winter
followed in 2018 and 2019 until prices began significantly picking up again at
the end of 2020. One year later, the current bitcoin all-time high was recorded.
In 2022, bitcoin has dropped once more and is hovering around $20,000 - $18,000.


HOW DOES BITCOIN WORK?

Blockchain is the underlying technology that stores a record of all BTC
transactions. It’s an immutable public distributed ledger stored and maintained
by a network of full nodes. The name Bitcoin is used interchangeably to refer to
the blockchain network and the cryptocurrency that powers it. More precisely
though, Bitcoin with a capital B is referring to the network, while Bitcoin used
with a minor b is describing the asset.

New bitcoin is created through a process called mining. In the beginning, miners
could use moderately powerful devices like CPUs and GPUs. As the number of
Bitcoin miners increased, the difficulty of finding new blocks rose to the point
that miners now need ASICs to mine profitably.

Processing power is needed to provide the necessary proof of work. This is the
work that miners (another type of bitcoin node) need to perform to verify and
add blocks of transactions to the blockchain by running software with unique
hardware. They use mining software to “listen” for transactions broadcasted
across the network and compete to generate the mathematical proof of work by
generating hashes, which are not difficult to perform but energy intensive. That
is why they require specialized mining hardware called application-specific
integrated circuits (ASICs).

The miner that assembles a block before everyone else gets to validate and add
the next block of transactions to the blockchain. The average time it takes to
find a block is 10 minutes. Bitcoin mining is a competitive task, making it hard
for anyone to consecutively add blocks of transactions. Miners are incentivized
to do this work to earn the block reward, which is how new Bitcoins are minted.
Mining creates trust in a decentralized network where there is no trusted third
party by ensuring that transactions are confirmed only when enough computational
power has been committed to each approved block. As more blocks are accepted on
the chain, trust increases even more. This way, practically speaking,
transactions committed to the Bitcoin network are permanent, they cannot be
reversed.


FAQS


WHO OWNS THE MOST BITCOIN?

Distributed over several wallets, it’s estimated that Satoshi owns over 1
million BTC worth in excess of $19 billion at the time of writing this article.
This makes Satoshi the biggest bitcoin holder. MicroStrategy is the largest
corporate holder of bitcoin (130,000 BTC as of September 20, 2022).
Additionally, over 30,000 bitcoin addresses are holding more than $1 million
BTC.


IS BITCOIN COIN A GOOD INVESTMENT?

Bitcoin is provably scarce and because of its halving schedule, the
cryptocurrency is programmed to become more scarce. Thanks to its proof of work
algorithm, mining protects the protocol from disruption and interference, making
it resistant to any form of modification or corruption. An asset that cannot
become less scarce will likely perform well over time due to its supply and
demand dynamics.


WHAT WAS THE PRICE OF 1 BITCOIN IN 2009?

The bitcoin price was $0 at launch.


CAN BITCOIN REACH $1,000,000?

Many experts and analysts have given varying bitcoin price predictions. One of
the most popular forecasts is the stock-to-flow model, which predicts BTC will
reach $100,000 in 2024 and $1,000,000 in 2025. The latter figure still seems to
be far out. Although this prediction is attractive to investors, keep in mind
that bitcoin is a volatile asset, the price predictions are not guaranteed, and
you shouldn’t invest what you cannot afford to lose. The average bitcoin price
prediction for 2023 is around $31,000.


RELATED


POPULAR CRITICISMS

Miners use energy-intensive equipment to compete for the chance to find a block.
As a result, Bitcoin consumes a lot of power, drawing criticism from many
people, including Elon Musk. As of the end of October 2022, Bitcoin consumed
about 102.11 TWh per year. This is the equivalent of Pakistan’s power
expenditure. While Bitcoin does consume a lot of energy, in the grand scheme of
things, its consumption is still negligible. Also, because Bitcoin mining is a
highly competitive industry with miners looking for the cheapest energy,
affordable renewable energy sources are increasingly used. Mining is on course
to be the first and only industry to become carbon negative (a huge positive for
the environment).


COMPARISONS TO OTHER PROJECTS

Bitcoin is often compared to Ethereum, the second-largest digital asset by
market cap. The latter recently switched from proof-of-work (PoW) to
proof-of-stake (PoS), making it less dependent on processing power. Furthermore,
Bitcoin is often compared to its fork, Litecoin, which processes transactions
faster (block confirmation time is 2.5 minutes) and has very low fees. Still,
though, bitcoin is considered the mother of all cryptocurrencies, leading the
way. The jury is still out on whether the trade-offs (switching to
proof-of-stake or lowering transaction fees) will be worth it in the long run.
After all, security with these alternative blockchains will be reduced. This is
also why other cryptocurrencies show a high correlation to Bitcoin’s price.


DEVELOPMENT TIMELINES

Since its launch, Bitcoin has received a few upgrades. In 2017, the SegWit
upgrade boosted Bitcoin’s capacity by transforming how data is stored in blocks.
Four years later, developers executed the Taproot upgrade, enabling Bitcoin to
compete with smart contract platforms like Ethereum. It also made the network
more private and secure. Possible future upgrades could improve security through
modifications called covenants and ramp up privacy with the use of sidechains.


MARKET DATA



Market Cap

$ 723.46B

1.44 %

Market Cap Rank

#1

24H Volume

$ 15.56B

Circulating Supply

20,000,000

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BITCOIN STATS

WHAT IS THE MARKET CAP OF BITCOIN?

The current market cap of Bitcoin is $723.46B. A high market capitalization
implies that the asset is highly valued by the market.

WHAT IS THE CURRENT TRADING ACTIVITY OF BITCOIN?

Currently, 15.56B of BTC were traded within 24 hours of time. In other words,
15.56B have changed hands within the past 24 hours through trading. That's a
change of 1.44%.

WHAT IS THE CURRENT PRICE OF BITCOIN?

The price of 1 Bitcoin currently costs $37,010.00.

HOW MANY BITCOIN ARE THERE?

The current circulating supply of Bitcoin is 19.55M. This is the total amount of
BTC that is available.

WHAT IS THE RELATIVE POPULARITY OF BITCOIN?

Bitcoin (BTC) currently ranks 1 among all known cryptocurrency assets. The
popularity is based on relative market cap.


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