Bitcoin (BTC) Overview
$108,900.25 (-0.64% in 24h)
What Is Bitcoin?
Bitcoin (BTC) is the first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. As the most valuable digital asset, it operates without intermediaries, relying on cryptographic principles and network consensus to validate transactions. This peer-to-peer system enhances security, transparency, and financial sovereignty.
Why Bitcoin Matters
Bitcoin shapes the entire crypto market—its price movements often dictate trends across other cryptocurrencies. Despite its volatility, BTC has consistently rebounded after major corrections, reaching new all-time highs.
Key Metrics (Latest Data):
- Price: $108,900.25
- Market Cap: $2.17 trillion
- 24h Range: $108,568.64 – $110,536.90
How Bitcoin Works
Blockchain Technology
Bitcoin transactions are recorded on a public ledger called the Bitcoin blockchain. Miners validate transactions by solving complex mathematical problems (~10 minutes per block), ensuring decentralization and immutability.
Supply & Halving Events
- Fixed Supply: 21 million BTC (deflationary by design).
- Halving: Every ~4 years, miner rewards are cut in half (last: 2024; next: ~2028). Historically, halvings trigger price surges due to reduced supply.
Buying & Storing Bitcoin
Where to Buy BTC
👉 Buy Bitcoin securely on OKX or decentralized exchanges (DEXs). Options include:
- Credit/debit card purchases.
- P2P trading platforms.
Wallet Storage
Use a non-custodial wallet (hardware, mobile, or web-based) for full control. Key features to prioritize:
- Two-factor authentication (2FA).
- Multi-currency support.
Bitcoin’s Use Cases
- Digital Gold: Hedge against inflation.
- Borderless Payments: Low-cost international transfers.
- Institutional Investment: Portfolio diversification.
FAQ
Why Is Bitcoin Volatile?
Price depends solely on supply/demand. Factors include:
- Speculation.
- Regulatory news.
- Macroeconomic trends.
What Drives Bitcoin’s Value?
- Scarcity (fixed supply).
- Adoption by businesses/institutions.
- Technological advancements (e.g., Lightning Network).
How Does Mining Work?
Miners compete to solve PoW puzzles, earning BTC rewards. High energy costs ensure network security.
Is Bitcoin Safe?
Yes—its decentralized nature and transparent blockchain reduce fraud risks.
Top Cryptocurrencies (24h Performance)
| Coin | Price Change |
|------------|--------------|
| Ethereum | +2.3% |
| Solana | -1.5% |
| Cardano | +0.8% |
👉 Explore more trading pairs on OKX
Pro Tips for Bitcoin Investors
- Dollar-Cost Average (DCA): Mitigate volatility by buying small amounts regularly.
- Secure Your Keys: Never share wallet seed phrases.
- Stay Informed: Follow regulatory updates and tech developments.
Ready to start? 👉 Trade BTC with low fees today