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Bitcoin Price

(BTC)

$64,595.6
0.00%(5m)

1m5m15m1h8h1d1W
Bitcoin (BTC) Live Price Chart

    Bitcoin Live Price Data

    The live price of Bitcoin is 64,595.6, with a total trading volume of -- in the last 24 hours. The price of Bitcoin changed by +0.94% in the past day, and its value has increased by +1.14% over the last week. With a circulating supply of 20,058,403 BTC, the market cap of Bitcoin is currently 0 , marking a +0.94% increase today. Bitcoin currently ranks #1 in market cap.

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    Note: This data is for reference only.
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    BTC(BTC) Profile

    altRank1
    rateAAA
    Expand
    $63,963.8
    $64,966.6

    ATH
    $126,198.06960343
    Price Change (1h)
    +0.03%
    Price Change (24h)
    +0.94%
    Price Change (7d)
    +1.14%
    Market Cap
    24h Volume
    Circulating Supply
    20,058,403
    Max Supply
    21,000,000

    About Bitcoin

    • What Is Bitcoin (BTC)?

      Bitcoin is the world’s first cryptocurrency designed to operate decentralized over a blockchain. Unlike traditional currencies, it can be used as a store of value and for making digital payments without a central authority like a bank or a financial institution. The symbol BTC in the market represents Bitcoin. 

       

      While digital payments have existed for several years, Bitcoin stands apart due to its decentralization features. Instead of depending on the traditional financial infrastructure, transactions of Bitcoin take place on the blockchain on a peer-to-peer basis without the need for an intermediary authority. 

       

      When you invest in Bitcoin, you're buying a piece of this digital asset. Its value can change rapidly, offering both risks and opportunities. You can store Bitcoin in a digital wallet, and it’s secured through cryptography, making it safe from counterfeiting. Many see Bitcoin as a hedge against traditional financial systems and a way to diversify their investment portfolios.


      What sets Bitcoin apart from several other assets is its limited supply. There will only ever be 21 million bitcoins created, which gives it scarcity similar to precious metals like gold. Bitcoins are created through mining, where individuals or organizations use powerful computers to solve complex mathematical problems and validate transactions on the network. Miners receive newly minted Bitcoins as rewards for their contributions to the network's security and transaction processing.

       
    • How Does Bitcoin Work?

      Bitcoin (BTC) works on a technology called blockchain. Blockchain is a public ledger that records all Bitcoin transactions. When you send Bitcoin, your transaction gets added to a block. Miners, who are specialized computers, verify these transactions by solving complex math problems. Once verified, the block gets added to the blockchain, and the transaction is complete.

       

      You control your Bitcoin through a digital wallet, which has a private key. This key is like a password that gives you access to your Bitcoin. Without it, no one can move or spend your Bitcoin. The system is decentralized, meaning no single person or entity controls it. This makes Bitcoin secure and resistant to fraud.

       

      Transactions can be done directly between users without needing a bank or intermediary. This process can take anywhere from a few minutes to an hour, depending on network traffic. Bitcoin is constantly evolving, offering new possibilities for how money can work in the digital age.

    • Who Created Bitcoin?

      Bitcoin (BTC) was created by an unknown person or group using the name Satoshi Nakamoto. It was launched in January 2009 when the first Bitcoin block, called the Genesis Block, was mined. Bitcoin was designed as a decentralized digital currency, free from government control or interference.

      Inception and Genesis Block

      On January 3, 2009, Nakamoto, the creator of Bitcoin, successfully mined the cryptocurrency's first block, the genesis block. It marked the official launch of Bitcoin with an initial value of $0. Over time, the value of Bitcoin gradually appreciated, leading to increased mining activity and heightened demand for this digital asset. 

      Bitcoin Pizza Day: Commercial Transaction with Bitcoin

      A significant milestone occurred on May 22, 2010, when a user conducted the first-ever commercial transaction using Bitcoin. Laszlo Hanyecz, a computer programmer, purchased two pizzas using Bitcoin, valuing the transaction at a staggering 10,000 BTC. Notably, this Bitcoin pizza transaction took place when the price of Bitcoin was considerably lower compared to current levels. 

      Evolution of the Bitcoin Blockchain

      Since its inception, the Bitcoin blockchain has undergone several notable updates. One of the most significant upgrades is the Taproot Update, which went live in 2021. Following the introduction of Segregated Witness (SegWit) in 2017, this update enhances the security of Bitcoin transactions by implementing the "MAST" technique, which obfuscates private transaction data. These upgrades contribute to the continuous development of the Bitcoin ecosystem. 

      The Bitcoin Lightning Network

      The Bitcoin Lightning Network represents a notable advancement in Bitcoin's roadmap. It is a Layer-2 payment protocol built on Bitcoin and designed to improve scalability and transaction throughput. By leveraging the Lightning Network, Bitcoin transactions become faster and more cost-effective, addressing the scalability challenges associated with the base layer of the Bitcoin blockchain. 

      Bitcoin Taproot Upgrade

      Taproot is considered Bitcoin's most significant upgrade in several years. It streamlines transaction processing, making it faster and more cost-efficient. Taproot went live on November 14, 2021, at block 709,632. It reduces the cost and data requirements for multi-signature transactions, making them more affordable. It also improves transaction privacy, making certain complex transactions, like Lightning Network transactions, appear indistinguishable from regular transactions. 

      Bitcoin Ordinals and NFTs

      Bitcoin ordinals, also known as Bitcoin NFTs, are a form of non-fungible tokens (NFTs) native to the Bitcoin blockchain. Introduced in January 2023, Bitcoin ordinals and the BRC-20 token standard have since gained attention in the cryptocurrency community. Bitcoin ordinals are created by attaching information to individual satoshis, the smallest units of Bitcoin. A satoshi is equal to 0.00000001 BTC. Each satoshi can be uniquely identified by its equivalent of a "serial code" through inscription. This inscription can include various data types, such as text, images, audio, or videos.

      Approval of Spot Bitcoin ETFs 

      The approval of spot Bitcoin ETFs in the U.S. in January 2024 marks a major milestone for the cryptocurrency market. A spot Bitcoin ETF allows investors to gain exposure to Bitcoin without needing to own the actual asset, making it easier for institutional and retail investors to participate. This increased accessibility could lead to a significant influx of capital into Bitcoin, potentially pushing its price to new highs. 

      Bitcoin Halving

      Bitcoin halving is a critical event that occurs approximately every four years, reducing the reward miners receive for adding new blocks to the blockchain by half. This reduction in supply issuance tends to create scarcity, often leading to significant price increases. The first halving took place in 2012, followed by others in 2016,  2020, and 2024, each leading to substantial price rallies in the subsequent months. The next halving is scheduled for 2028, and many analysts predict it could drive Bitcoin's price even higher, especially amid its rising adoption among institutional and retail investors.

    • What Is Bitcoin (BTC) Used for?

      Bitcoin (BTC) is used for a wide range of purposes, making it a versatile digital currency. Here are some key uses:

      1. Purchasing Goods and Services: You can use Bitcoin to buy products and services from many retailers, both online and in physical stores. Companies like Microsoft and some fast-food chains accept Bitcoin payments. Bitcoin is also used in e-commerce for global purchases, offering a convenient way to pay without the need for traditional banking services. 

      2. Cross-Border Payments: Bitcoin is popular for international transactions because it allows you to send money across borders quickly and with lower fees compared to traditional financial systems. This makes it a valuable tool for remittances and trade in regions where access to banking is limited. 

      3. Investment and Trading: Many people invest in Bitcoin as a store of value, similar to gold. Traders also buy and sell Bitcoin to profit from its price fluctuations. Bitcoin's decentralized nature and limited supply make it an attractive asset for long-term investment. 

      4. Gaming and Online Entertainment: Bitcoin is increasingly used in the gaming industry, both for purchasing games and in the emerging play-to-earn models. Some online platforms also allow you to use Bitcoin for gambling and other entertainment services, providing anonymity and quick transactions. 

      5. Donations: Bitcoin is commonly used for donations, especially to support causes in regions with financial restrictions or to benefit from tax deductions. Many charitable organizations accept Bitcoin, allowing donors to contribute securely and efficiently. 

      6. Buying and Holding Bitcoin (BTC): The most popular and straightforward option is purchasing Bitcoin and holding onto it. By doing so, you stand to profit as long as the BTC value continues to rise. However, it's important to note that there is a potential risk of losses if the market experiences a crash. In such instances, you can sell your Bitcoin on the market. Through KuCoin, you can explore Spot Trading, Margin Trading, and Futures Trading to diversify your investment strategy and maximize potential returns.

      7. Earning Passive Income through Lending: Another engaging strategy is lending your BTC holdings to generate passive income. By lending Bitcoin, you can conveniently grow your capital over time. This method allows you to put your Bitcoin to work and earn additional returns. KuCoin offers the option to invest BTC on our platform via Crypto Lending and KuCoin Earn services, opening up additional income-generating opportunities. 

    • What Is Bitcoin Tokenomics?

      Bitcoin has a maximum supply of 21 million coins. This cap ensures that no more than 21 million BTC will ever exist, making Bitcoin a scarce asset. As of 2024, around 19.6 million Bitcoins have already been mined, leaving only a small portion left to be introduced into circulation.

       

      Approximately every four years, the reward for mining new Bitcoin blocks is halved. This event, known as "halving," reduces the rate at which new Bitcoins are created, contributing to its scarcity. The next halving, scheduled for April 2024, will reduce the mining reward from 6.25 BTC to 3.125 BTC per block.

       

      Bitcoin's creation process is decentralized, meaning anyone with the necessary hardware can participate in mining. Miners are rewarded with new Bitcoins for validating transactions and adding them to the blockchain. This decentralized nature helps secure the network and prevents any single entity from controlling Bitcoin.


      While Bitcoin is technically inflationary because new coins are continuously mined, the halving events gradually slow down this inflation until it eventually stops around the year 2140, when all 21 million coins will have been mined. This controlled inflation is a key feature of Bitcoin's tokenomics, helping to preserve its value over time.

    FAQ

    • How much is 1 Bitcoin (BTC) worth?

    • How Much Is Bitcoin Worth?

    • What Is Bitcoin (BTC) Price Prediction?

    • What Is Bitcoin Mining?

    • When Is the Next Bitcoin Halving?

    • What Is a Bitcoin ETF?

    • When Will the Last Bitcoin Be Mined?

    • What Are The Different Ways to Invest in Bitcoin?

    • What Can You Buy With Bitcoin?

    • What is the all-time high price of Bitcoin (BTC)?

    • What is the all-time low price of Bitcoin (BTC)?

    • How much Bitcoin (BTC) is there in circulation?

    • How do I store Bitcoin (BTC)?