Coins: 10053 Exchanges: 856 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Bitcoin price

Bitcoin Price (BTC)

$51,237.00

0.47%
Rank #1

Bitcoin Price Chart (BTC/USD)

Last updated 22 Feb 2024, 15:01PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance BTC / TUSD $29,413.00 0.01% $3,207,361,379
2 Binance BTC / USDT $29,398.00 0.01% $1,544,634,058
3 CITEX ETH / BTC $20,300.11 1.19% $1,121,789,378
4 XT.COM BTC / USDT $29,403.00 0.01% $616,979,675
5 BitMart BTC / USDT $29,410.00 0.01% $579,428,827
6 Coinbase Exchange BTC / USD $29,435.00 0.01% $536,773,149
7 Digifinex BTC / USDT $29,400.00 0.01% $475,230,210
8 Pionex BTC / USDT $30,671.00 0.01% $400,801,142
9 P2PB2B BTC / USDT $29,413.00 0.01% $394,282,336
10 OKX BTC / USDT $29,460.00 0.01% $391,666,079
11 Deepcoin BTC / USDT $29,393.00 0.01% $318,424,574
12 LBank BTC / USDT $29,417.00 0.01% $314,688,571
13 Bitrue BTC / USDT $29,411.00 0.02% $304,383,048
14 Bybit (Spot) BTC / USDC $29,369.00 0.01% $289,416,343
15 Bybit (Spot) BTC / USDT $29,384.00 0.01% $272,533,450
16 MEXC Global BTC / USDT $29,424.00 0.01% $207,715,735
17 CoinTR BTC / USDT $29,388.00 0.01% $203,566,450
18 P2PB2B BTC / USD $29,427.00 0.04% $199,708,972
19 Gate.io BTC / USDT $29,397.00 0.01% $193,927,585
20 Toobit BTC / USDT $30,697.00 0.01% $176,643,358
21 Bitget BTC / USDT $29,394.00 0.01% $171,949,661
22 P2PB2B BTC / BUSD $29,412.00 0.01% $169,811,139
23 WhiteBIT BTC / USDT $29,410.00 0.01% $168,640,648
24 BingX BTC / USDT $29,385.00 0.02% $167,099,735
25 LATOKEN BTC / USDT $29,465.00 0.01% $160,456,243
26 Coinsbit BTC / USDT $29,372.00 0.18% $156,803,171
27 Binance BTC / BUSD $29,402.00 0.01% $153,240,781
28 CoinTiger BTC / USDT $21,192.00 0.02% $148,010,451
29 Tidex BTC / USDT $29,408.00 0.05% $146,643,199
30 Huobi Global BTC / USDT $29,384.00 0.01% $143,201,377
31 Coinstore BTC / USDT $29,412.00 0.03% $137,714,348
32 KuCoin BTC / USDT $29,397.00 0.01% $123,358,631
33 LocalTrade BTC / USDT $23,697.00 0.03% $117,912,835
34 DIFX BTC / USDT $29,401.00 0.01% $115,189,446
35 Coinbase Exchange BTC / USDT $29,425.00 0.01% $109,210,195
36 XT.COM BTC / BUSD $29,401.00 0.01% $91,073,439
37 Kraken BTC / USD $29,418.00 0.01% $88,084,182
38 Digifinex BTC / USDC $29,412.00 0.02% $82,744,126
39 Bitstamp BTC / USD $29,435.00 0.05% $70,299,033
40 LBank BTC / BUSD $29,416.00 0.01% $52,501,943
41 Kraken BTC / EUR $29,408.00 0.01% $49,839,837
42 Bitrue WBTC / BTC $29,414.14 0.08% $48,462,409
43 YoBit ETH / BTC $21,165.99 0.84% $47,432,314
44 BitMake BTC / USDT $29,376.00 0.01% $46,141,289
45 Bitrue ETH / BTC $29,250.03 0.18% $45,614,512
46 BigONE BTC / USDT $29,401.00 0.02% $44,865,948
47 Bitfinex BTC / USD $29,451.00 0.03% $44,679,050
48 Coinsbit BTC / USD $18,987.79 0.09% $44,466,730
49 Binance WBTC / BTC $29,398.14 0.02% $38,339,295
50 Binance ETH / BTC $29,234.71 0.02% $37,975,473

BTC Price Statistics

$50,706
24H Range
$51,992
  • Bitcoin Price Now $51,237
  • 24h Low / 24h High $50,706 / $51,992
  • Trading Volume $28,857,026,317
  • Market Cap Rank #1
  • Market Cap $1,006,732,786,138
  • Volume / Market Cap 0.0287
  • All-Time High $69,045 -25.84%
    Nov 10, 2021
  • All-Time Low $68 75,406.90%
    Jul 06, 2013
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Bitcoin: A Revolutionary Digital Currency

Bitcoin, since its inception in 2009, has emerged as a trailblazer in the realm of cryptocurrencies, establishing a strong foundation for the subsequent proliferation of many other digital currencies. Conceived by an anonymous individual or a group known as Satoshi Nakamoto, Bitcoin introduced a novel paradigm for transferring value over the internet, which is decentralized, secure, and independent of conventional banking institutions. This article explores Bitcoin's attributes, its mechanism of operation, and its potential implications for the global financial landscape.

What is Bitcoin?

Bitcoin (BTC) is a digital currency, the first of its kind, that operates on a decentralized network of computers called nodes. Unlike traditional currencies like the US Dollar or Euro, Bitcoin isn't issued or controlled by any central authority or government. Instead, it relies on cryptographic protocols and a public ledger called blockchain, making it resistant to censorship, inflation, and fraud.

The Mechanism of Bitcoin

At its core, Bitcoin operates on a technology known as blockchain, a digital ledger distributed across a network of computers. This ledger contains a record of every Bitcoin transaction ever executed. Bitcoin miners, who use high-powered computers, validate and add new transactions to this ledger. In return for their efforts, miners are rewarded with new bitcoins, which serves as an incentive for maintaining the network. Bitcoin's supply is limited to 21 million coins, a number predefined in the Bitcoin protocol by Satoshi Nakamoto. This deflationary characteristic distinguishes Bitcoin from traditional fiat currencies, which central banks can theoretically produce in unlimited quantities.

Bitcoin Transactions

To send or receive Bitcoin, users must have a digital wallet. These wallets can be software-based and located on your computer or a mobile device, or they can be hardware-based for increased security. Every wallet has a pair of cryptographic keys: a public key, which is like a bank account number, and a private key, which functions like a PIN or signature. When someone sends Bitcoin, they are essentially transferring ownership to the recipient's wallet. The transaction is then authenticated by miners and added to the blockchain. Importantly, once a transaction is recorded, it cannot be reversed or tampered with, providing a high degree of security.

The Value and Use of Bitcoin

Bitcoin’s value primarily derives from its innovative technology and the belief that it could become a global digital currency. While its price is notoriously volatile due to speculative trading, Bitcoin has become a legitimate means of transaction for a vast array of goods and services. Many businesses, including large corporations like Microsoft and Tesla, have started accepting Bitcoin as a form of payment, thereby increasing its utility and acceptance.

Challenges and Controversies

Despite its potential, Bitcoin also has its share of controversies and challenges. Its anonymity feature, for example, has been exploited for illegal activities such as money laundering and purchasing illicit goods. The Bitcoin network's high energy consumption, primarily due to the mining process, has also raised environmental concerns. Additionally, the high price volatility can present significant risks for individuals and businesses relying on Bitcoin as a payment method or investment.

The Future of Bitcoin

Predicting the future of Bitcoin is challenging due to its relatively short history and the rapidly evolving nature of the cryptocurrency market. However, what's undeniable is that Bitcoin has sparked a financial revolution. Its innovations in blockchain technology have opened up new avenues for global finance, including decentralized finance (DeFi) and smart contracts. Regardless of its own destiny, Bitcoin’s legacy will live on in the myriad of blockchain applications it has inspired.

Conclusion

In conclusion, Bitcoin has laid the groundwork for a new world of digital currencies and blockchain technology. As it continues to evolve and integrate into mainstream finance, its impact on societies and economies worldwide promises to be significant and transformative.