Bitcoin Price

Bitcoin (BTC) Live Price Chart

Bitcoin Live Price Data

The live price of Bitcoin is $70,138.8, with a total trading volume of $ 151.89M in the last 24 hours. The price of Bitcoin changed by -1.28% in the past day, and its USD value has increased by +11.94% over the last week. With a circulating supply of 19,701,693 BTC, the market cap of Bitcoin is currently 1.38T USD, marking a --% increase today. Bitcoin currently ranks #1 in market cap.
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Note: This data is for reference only.

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How can I buy Bitcoin (BTC)?

Buying BTC on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Bitcoin (BTC) for more information.

What Is Bitcoin (BTC) Crypto?

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.

The Bitcoin digital currency is the first of its kind that has seen widespread adoption and interest from users worldwide. In 2021, El Salvador became the first country in the world to adopt Bitcoin as a legal tender, further boosting its acceptance as an alternative to government-issued fiat currencies.

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.

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.

Bitcoin has gained popularity as a digital currency and a speculative investment asset. It has experienced significant price volatility throughout its history, with its value subject to market demand and investor sentiment. Bitcoin's price reached significant milestones over the years, and it has been one of the top-performing asset classes in global financial markets, including stocks, commodities, and bonds, over the past decade. On January 10, 2024, the US SEC approved 11 spot Bitcoin ETFs in the US markets, increasing institutional investor interest in the digital gold Bitcoin.

How Does Bitcoin Work?

Bitcoin offers a unique payment network that operates on a decentralized and transparent system powered by blockchain technology. This innovative approach eliminates the need for intermediaries like banks, reducing transaction costs and providing greater control over funds. By leveraging blockchain technology, all participants in the Bitcoin network can view and verify transactions, ensuring transparency and accountability.

Each Bitcoin transaction is cryptographically recorded within the blockchain, creating a tamper-proof and immutable ledger. Unlike traditional payment methods such as fiat currencies or credit cards, Bitcoin transactions are highly secure and resistant to fraud. The distributed nature of the blockchain ensures that any attempt to tamper with the records requires the consensus and knowledge of all nodes in the network, making it virtually impossible to alter transaction details without detection.

The Bitcoin network relies on mining rigs and powerful computing devices to verify transactions and add them to the blockchain. These mining rigs are crucial in maintaining the network's integrity by adding new blocks and earning block rewards. The process of mining not only verifies transactions but also creates new Bitcoins, increasing the circulating supply. However, the total supply of Bitcoins is fixed at 21 million, making the mining process progressively more challenging. This scarcity and growing demand contribute to Bitcoin's increasing value as a digital asset.

To prevent the double spending problem, where the same Bitcoin token is used in multiple transactions simultaneously, Bitcoin employs a consensus mechanism called proof of work (PoW). Using complex mathematical computations and long hashes, PoW ensures the integrity of the network. This intensive consensus mechanism deters fraudulent activities, making Bitcoin a reliable and secure digital currency.

History of Bitcoin

The history of Bitcoin traces back to the groundbreaking publication of its white paper on October 31, 2008, authored by the enigmatic figure known as Satoshi Nakamoto. This pseudonymous individual or group introduced a revolutionary concept of a peer-to-peer, decentralized virtual currency designed for secure online payment transfers. Nakamoto's proposal incorporated innovative blockchain technology, a distributed ledger system that encrypted block transactions.

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.

Bitcoin (BTC) Price Movements ($)
PeriodChangeChange (%)
7 Days$7,216.411.49%
30 Days$4,008.86.07%
3 Months$2,378.13.51%
24H Investment Barometer
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Bitcoin Conversion Rate
  • 1 BTC to USD$70,138.85
  • 1 BTC to EUR€64,682.18
  • 1 BTC to AUD$105,226.51
  • 1 BTC to KRW₩95,812,477.42
  • 1 BTC to JPY¥10,972,802.56
  • 1 BTC to GBP£55,089.5
  • 1 BTC to INR₨5,840,630.54
  • 1 BTC to IDRRp1,124,676,492.3
  • 1 BTC to CAD$95,752.15
  • 1 BTC to RUB₽6,331,763.82


How much is 1 Bitcoin (BTC) worth?
KuCoin provides real-time USD price updates for Bitcoin (BTC). Bitcoin price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BTC to USD exchange rates.
What Makes Bitcoin Valuable?

Limited Bitcoin Supply (21 Million BTC)

One crucial aspect driving Bitcoin's worth is its scarcity, attributed to the fixed supply. Its creators declared that only 21 million BTC would ever be minted or generated at its inception.

Decentralization: A Key Attraction for Bitcoin Users

With the growing popularity of decentralized cryptocurrencies and increasing trading volumes, demand for Bitcoin among retail and institutional investors is on the rise. This heightened demand supports Bitcoin's price.

Bitcoin's Dominant Market Cap: The Most Valuable Cryptocurrency

Furthermore, BTC's fixed maximum supply and its reputation as the original cryptocurrency with the largest market capitalization make it an appealing store of value. This factor contributes to the stability of Bitcoin's live price.

Crypto Adoption Surge Boosts Bitcoin's Value

The growing interest in BTC and other digital assets among large and small investors has raised its value in recent months. The expanding use cases for cryptocurrencies make this asset class more attractive for investment. As the leader in the crypto market, Bitcoin is a sought-after addition to many portfolios.

Bitcoin: A Hedge Against Inflation and "Digital Gold"

Since the COVID-19 pandemic began, global financial markets have experienced high levels of uncertainty. Many investors view Bitcoin as a hedge against inflation, earning it the nickname "digital gold" in the financial market. Amid central banks' monetary easing, equity market volatility, and rising gold prices, numerous investors have turned to Bitcoin for its high returns.

What Is Bitcoin (BTC) Price Prediction?

While it is impossible to offer an accurate Bitcoin price prediction over any timeframe, there are several factors you could monitor to understand what drives price action and volatility in this crypto. These include:

Supply and Demand of BTC Coins

The Bitcoin live price is affected by the balance between its limited supply and the market's demand for it. The total supply of Bitcoin is capped at 21 million coins, and its production rate is reduced approximately every four years by halving. As the supply becomes scarcer, it can increase demand and potentially drive the BTC to USD price.

Regulatory Developments Worldwide

Government regulations and legal frameworks play a role in shaping the perception and adoption of Bitcoin. Different countries have varying approaches to cryptocurrency regulations, and changes in regulations can impact market sentiment and investor confidence, which, in turn, can affect the value of Bitcoin.

Impact of News Events on BTC Price

News events and media coverage can significantly impact Bitcoin's price. Positive news, such as institutional adoption or regulatory clarity, can increase demand and the price of BTC. Conversely, negative news, such as security breaches or regulatory crackdowns, can decline Bitcoin’s value due to reduced confidence and selling pressure.

Liquidity and Accessibility

The ease of buying, selling, and trading Bitcoin can impact its price. As Bitcoin becomes more accessible through various platforms and investment products, such as futures and mutual funds, it can attract a broader investor base, potentially increasing the demand and price of BTC.

What Is Bitcoin Mining?

Bitcoin mining is the process of creating new Bitcoins using mining rigs and high-capacity computers. By solving intricate mathematical puzzles, miners validate transactions within the blockchain and record them in newly formed blocks. It's an essential process that ensures the security and integrity of the Bitcoin network.

Bitcoin miners verify transactions, mint fresh BTC, and contribute to its circulating supply. As a reward for their mining efforts, miners receive a portion of newly minted Bitcoins as block rewards.

When Is the Next Bitcoin Halving?

Bitcoin halving events are predetermined and built into the Bitcoin protocol. The halvings happen every four years until the maximum supply of 21 million Bitcoins is reached, estimated at around 2140. After every halving, the number of new Bitcoins created and rewarded to miners for adding blocks to the blockchain is reduced by 50%. The first Bitcoin halving occurred on November 28th, 2012, at block number 210,000, when the block reward was reduced from 50 BTC to 25 BTC.

After the second halving in July 2016 and the third halving in May 2020, the next halving is anticipated around April 2024, around block number 840,000, when the block reward will reduce from 6.25 BTC to 3.125 BTC.

How Much Energy Does Bitcoin Consume?

The Bitcoin network utilizes a proof-of-work (PoW) consensus mechanism to validate transactions, requiring mining rigs with high computational power and energy. These Bitcoin mining rigs are essential to maintain a record of all transactions on BTC’s blockchain.

Bitcoin's energy consumption is attributed to its decentralized structure and the consensus mechanism known as proof of work. To verify transactions, computers within the Bitcoin network compete to solve complex mathematical problems. This process, known as mining, requires significant computational power and consumes substantial energy.

However, Bitcoin miners are exploring the potential of harnessing cleaner energy sources could solve Bitcoin's energy consumption problem.

How Secure Is Bitcoin?

Regarding security, Bitcoin stands tall as a cryptocurrency designed with this paramount aspect in mind. Since its inception, the Bitcoin blockchain has remained resilient, never experiencing any significant outages or successful attacks. While there are theoretical possibilities of hacking the Bitcoin protocol, executing a 51% attack is arduous and costly in time and effort, owing to the decentralized nature of the Bitcoin network powered by its open community worldwide.

However, it's important to acknowledge that your Bitcoin holdings can be susceptible to hacks and scams when stored in digital wallets or exchanges. Here’s more information on the safest way to store your Bitcoins.

What Are The Different Ways to Invest in Bitcoin?

Are you eager to invest in Bitcoin and capitalize on its potential? Look no further as we present various investment avenues to explore. Read on to discover how to invest in Bitcoin and make the most of this exciting digital asset.

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.

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.

Go Long or Short Bitcoin: Investing in Bitcoin Futures Contracts

Users can also long or short Bitcoin to profit from its price movements. Bitcoin futures offer a popular option for advanced traders to generate leveraged returns through minimum base capital. However, great profits often come with great risks, and you must exert proper risk management to reduce the risks of losses in the volatile crypto market.

Investment Trusts: Exposure to Bitcoin via Reliable Options

Investment trusts offered by reputable firms such as Grayscale are attractive for larger investors seeking exposure to Bitcoin. For example, the Grayscale Bitcoin Trust is a publicly traded fund that enables you to purchase GBTC shares, providing indirect exposure to Bitcoin. It's important to note that investment trusts often trade at a premium and may involve higher costs than buying Bitcoin directly on an exchange.

What Can You Buy With Bitcoin?

Bitcoin has emerged as a widely accepted payment method across various businesses, opening up a world of possibilities for its users. In addition to trading cryptocurrencies on exchanges, BTC's Lightning Network enables seamless online and offline transactions for goods and services.

Online Retail and Services

Bitcoin has transcended its digital realm and can now be used as a substitute for traditional money. You can utilize BTC to make purchases on online retail platforms, book your dream holidays through travel websites, acquire online services, pay for meals at select eateries, and even order food online. Moreover, third-party services have facilitated the option to place orders on Amazon using Bitcoin, expanding the scope of your online shopping experience.

Car Dealerships and Luxury Cars

While Tesla may have discontinued accepting Bitcoin as a payment method, numerous car dealerships in the United States still embrace the digital currency. These dealerships allow customers to purchase vehicles, including luxury cars, using BTC.

Real Estate

Real estate has also embraced Bitcoin as a viable payment option. Although relatively rare, there have been notable instances of real estate sales conducted with Bitcoin. The acceptance of BTC in the real estate market showcases its growing recognition as a legitimate and valuable asset for high-value transactions. As Bitcoin continues to gain traction, more opportunities for purchasing properties using cryptocurrency may emerge.

What is the all-time high price of Bitcoin (BTC)?
The all-time high price of Bitcoin (BTC) is $73,750.0. The current price of BTC is down 0.05% from its all-time high.
What is the all-time low price of Bitcoin (BTC)?
The all-time low price of Bitcoin (BTC) is $0.0. The current price of BTC is up 1,442,237.24% from its all-time low.
How much Bitcoin (BTC) is there in circulation?
As of 5 22, 2024, there is currently 19,701,693 BTC in circulation. BTC has a maximum supply of 21,000,000.
What is the market cap of Bitcoin (BTC)?
The current market cap of BTC is $1.38T. It is calculated by multiplying the current supply of BTC by its real-time market price of $1.38T.
How do I store Bitcoin (BTC)?
You can securely store your Bitcoin in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BTC include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Bitcoin (BTC) to cash?
You can instantly exchange your Bitcoin (BTC) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BTC to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.