2023-08-17 - The live price of BTC is $27,933.94 with a market cap of $543.60B USD. Discover current price, trading volume, historical data, BTC news, and more.
The highest and lowest price paid for this asset in 24 hours.The highest price paid for this asset since it was launched or listed.The percent change in trading volume for this asset compared to 1 hour ago.The percent change in trading volume for this asset compared to 24 hours ago.The percent change in trading volume for this asset compared to 7 days ago.The percent change in trading volume for this asset compared to 7 days ago.
As the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. However, one does not have to buy an entire bitcoin as bitcoins can be divided into small units called satoshis, named after the creator. A satoshi is equivalent to 0.00000001 bitcoin. There is no physical BTC token so you can think of bitcoin as digital money. Bitcoin transactions are fully transparent and can’t be censored. You can send money to anyone in the world with ease. It’s a financial system backed by thousands of computers, known as ‘nodes’, around the world, instead of a single central bank or government, i.e. hence the term ‘decentralization’.
Because Bitcoin is decentralized, it is not subjected to inflation or any monetary policies created by any central banks or government. Instead, there will only ever be 21 million BTC in existence.Bitcoin and blockchain technology introduce solutions for real-world issues, seeking to help the unbanked population, combat counterfeiting and improve cross-border transactions to name a few.
Historically, Bitcoin's price has tended to increase in the months leading up to halving, as investors and traders anticipate a supply shock. After halving, the price may continue to rise if demand remains strong and outstrips the reduced supply. Other factors such as market sentiment, regulatory developments, and global events can also impact the price of Bitcoin. Follow ourThe live price of Bitcoin is updated and available in real time on Binance.
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