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Home > Bitcoin Price
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BITCOIN PRICE: BTC/USD & LIVE CHARTS


Published: June 12, 2023   |   Last Updated: July 1, 2023
Written By:

Eric Huffman
Staff Writer
Edited By:

Shannon Ullman
Managing Editor

 * 
   live
 * 1h
 * 24h
 * 1w
 * 1m
 * 3m
 * 1y
 * ytd
 * all


$31,123.31

$440.82 (1.44%)

Created with Highcharts 11.1.012:0014:0016:0018:0020:0022:006
Jul02:0004:0006:0008:0010:0030,00030,25030,50030,75031,00031,25031,50031,7500600M

 * BTC

   Volume

The price of Bitcoin (BTC) today is $31,103.00 USD, which has increased by
$437.00 (1.43%) over the last 24 hours. The total number of BTC coins in
circulation stands at 19,421,368 btc and $16.66B USD has been traded for the
BTC/USD pair across exchanges over the last 24 hours.


BITCOIN PRICE CONVERTER

BTC

Insert Bitcoin amount to convert to USD

USD

Insert USD amount to convert back to Bitcoin
$


BITCOIN PRICE (USD)

 * Current Price
   
   $31,103.00

 * Current Price (BTC)
   
   1.000000

 * Open (24h)
   
   $30,666.00

 * High (24h)
   
   $31,480.00

 * Low (24h)
   
   $30,236.00

 * Change (24h)
   
   $436.43

 * Change % (24h)
   
   1.42%

 * Market Cap
   
   $603.80B

 * Circ Supply
   
   19,421,368 btc

 * Volume (24h)
   
   $16.66B


ALL TIME HIGHS

 * All-Time High
   
   $69,045.00

 * Day ATH Set
   
   2021-11-10

 * Days Since ATH
   
   602

 * % From ATH
   
   -54.94%


PRICE PERFORMANCE

PeriodChangeChange (%)HighLow

1h

$291.00

0.94%

$31,480.00

$30,812.00

1d

$437.00

1.43%

$31,480.00

$30,236.00

1w

$937.00

3.11%

$31,277.00

$29,895.00

1m

$5,319.00

20.63%

$31,277.00

$24,865.00

3m

$3,288.00

11.82%

$31,135.00

$25,108.00

1y

$11,792.77

61.07%

$31,135.00

$15,742.44

all

$30,967.70

22888.17%

$67,617.00

$67.81


LATEST BTC TRENDS IN 2023

 * Bitcoin Ordinals (NFTs) and BRC-20 tokens open up new ways to use the Bitcoin
   network using inscriptions, a recent innovation that allows data storage on
   the Bitcoin blockchain.
 * About 1 million Bitcoin wallets now hold 1 BTC or more.
 * BTC sees its price double from recent lows. After falling down into the
   $15,000 range during the FTX fallout, BTC has traded in a range up to nearly
   twice that price in 2023.


WHAT IS BITCOIN?

Bitcoin is a peer-to-peer electronic cash system, as described in the
now-famous Bitcoin white paper. Created in 2009, Bitcoin was the first of
today’s cryptocurrencies, later giving inspiration to projects like Ethereum and
thousands of other crypto projects.

In its early days, Bitcoin traded for a fraction of a penny. By 2022, BTC had
reached an all-time high approaching $70,000. Many predict new all-time highs
yet to come, while others are more bearish on Bitcoin’s future.

While today’s crypto market offers thousands of other cryptocurrencies, Bitcoin
still stands in a league of its own, topping the charts with the largest market
capitalization and the best name recognition worldwide.

In addition to being the first among the current digital currencies, Bitcoin is
also seen by many as being the most secure crypto network, largely due to its
wide mining network and Bitcoin’s steadfast commitment to proof-of-work as its
consensus method to validate transactions.

Like most other cryptocurrencies, the Bitcoin network works as a public ledger.
For standard transactions, it’s trivial to see which wallet sent Bitcoin to
which wallet, how much, and when the transaction happened.

Bitcoin was designed to be money, a verifiable and secure way to send value from
person A to person B. But new developments like inscriptions (data storage) are
bringing new functionality to the Bitcoin network, including Bitcoin’s own
version of NFTs and BRC-20 tokens that trade on the Bitcoin network.


WHO FOUNDED BITCOIN?

Bitcoin was created by an anonymous team or individual. Someone using the
pseudonym Satoshi Nakamoto is credited with the creation and has never been
positively identified, despite several people claiming to be Satoshi over the
years.

Bitcoin’s anonymous roots and fair launch (mined, not sold) also make the
grandaddy of crypto a standout in the market. To our knowledge, Bitcoin was
created without a profit motive — but rather with an altruistic intention: to
offer a sound alternative to what was seen at the time as a broken financial
system. Bitcoin’s launch coincided with the Great Financial Crisis (GFC) of the
late Aughts.

Satoshis, or Sats, are the smallest division of Bitcoin, with each Bitcoin equal
to 100 million Satoshis.


BITCOIN SUPPLY

A large part of Bitcoin’s appeal is in its fixed supply. Bitcoin mining
continues to grow the circulating supply, but there is a fixed limit to how many
Bitcoin will ever exist: 21 million.

Just about every four years, the mining rewards for Bitcoin are cut in half,
reducing the speed at which the supply grows. This event, called the Bitcoin
halving, typically coincides with a sizable increase in price.


HOW BITCOIN WORKS

Bitcoin uses proof-of-work to validate transactions. In a nutshell, Bitcoin
miners must invest computational power (electricity, hardware, and maintenance)
to verify a block hash with specific requirements before transactions can be
added to the blockchain. As the hash rate increases on the network, mining
difficulty increases (and vice versa) to keep the average block time at about 10
minutes.

Miners earn both network fees and block rewards for successfully mining a block.
Once transactions are validated in a block, it becomes prohibitively expensive
for the block to be changed because all the subsequent blocks would also have to
be mined again.

Bitcoin miners also use the longest chain, so a rogue miner working overtime to
re-mine prior blocks is unlikely ever to produce the longest chain. Shorter
chains are ignored. This clever structure makes Bitcoin transactions virtually
impossible to reverse and truly decentralized, with over 1 million miners across
the globe.

Like other cryptocurrencies, Bitcoin uses crypto wallets to store Bitcoin. Each
wallet has private keys and public keys, with private keys allowing you to
control your Bitcoin on the blockchain and send your Bitcoin to any public
wallet address. Others can also send Bitcoin to your public wallet address,
making Bitcoin function as a way to transfer value — like money, but without any
middlemen like banks or payment services.


FREQUENTLY ASKED QUESTIONS


HOW MUCH WILL BITCOIN BE WORTH IN THE FUTURE?

Bitcoin price predictions range from north of $250,000 to more pessimistic views
that see BTC eventually going to zero. Adoption plays a big role in the future
value of Bitcoin. As more people use Bitcoin as a store of value and a way to
transfer value to others, the demand for BTC increases. Given Bitcoin’s fixed
supply, increased demand could mean higher prices to come.


HOW DO I BUY BITCOIN?

You can buy Bitcoin through a crypto exchange like Coinbase. We’ve reviewed some
of the best ways to buy Bitcoin, exploring costs, security features, and more.


HOW CAN I STORE BITCOIN?

You can use a hardware crypto wallet or a software crypto wallet to store your
Bitcoin. We’ve reviewed some best Bitcoin wallet options, depending on your
needs.


WHAT’S THE DIFFERENCE BETWEEN BITCOIN AND ETHEREUM?

Generally, Bitcoin focuses on use cases that involve the transfer of value, like
sending Bitcoin to a family member or making a purchase in Bitcoin. Ethereum was
designed to run smart contracts, computer programs that live on the blockchain.
Another notable difference is in how the two networks validate transactions.
Bitcoin still uses proof of work, whereas the Ethereum network uses proof of
stake.


WHAT ARE BITCOIN ORDINALS AND BRC-20 TOKENS?

Both Bitcoin Ordinals and BRC-20 tokens use inscriptions, a form of data storage
on the Bitcoin blockchain, to bring new functionality to Bitcoin. Ordinals are
much like NFTs you’d see on other networks like Ethereum. BRC-20 tokens are
similar to ERC-20 tokens found on the Ethereum network, a way to bring value or
additional functionality to crypto projects.

Eric Huffman
Staff Writer
Eric Huffman is a staff writer for MilkRoad.com. In addition to crypto and
blockchain topics, Eric also writes extensively on insurance and personal
finance matters that affect everyday households.

Read More
Shannon Ullman
Managing Editor
Managing editor working to make crypto easier to understand. Pairing editorial
integrity with crypto curiosity for content that makes readers feel like they
finally “get it.”

Read More





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