Bitcoin vs. US Dollar (BTC/USD)
Current Market Data (2021 Snapshot)
- Previous Close: $62,717
- Selling Price: $60,608
- Daily Range: $59,766 – $63,121
- Opening Price: $62,717
- Buying Price: $60,609
- 52-Week Range: $13,041.2 – $66,927
- 1-Year Growth: +365.33%
What Is Bitcoin?
Bitcoin (BTC), introduced by Satoshi Nakamoto in 2008, is a decentralized digital currency operating on a peer-to-peer network. Key features include:
- Transparency: All transactions are publicly recorded on the blockchain.
- Limited Supply: Capped at 21 million coins, enhancing scarcity.
- March 2021 Milestone: Surpassed $60,000 per coin, reaching a $1.1 trillion market cap.
Regulatory Note: China’s Central Bank declared in 2021 that virtual currencies lack legal tender status and are not protected under financial laws.
Cryptocurrency Conversion Guide
① USDT to RMB Exchange
- 1 USDT = 1 USD
- Current Rate: 1 USD ≈ ¥6.3796
→ 1 USDT ≈ ¥6.38
② Bitcoin to RMB (2021 Rate)
- 1 BTC = ¥376,171.25
Market Volatility: Key Events
October 2021 Price Drop
Bitcoin plummeted $4,000 in one day (-10%) due to:
- Tesla’s Bitcoin sell-off announced by Elon Musk.
- Regulatory warnings from global governments.
December 2021 Crash
- December 4: BTC fell to $42,000**, losing over **$10,000/week.
- Whale Activity: Large holders bought the dip despite declines.
FAQs: Bitcoin Price Dynamics
Q1: How much is 1 Bitcoin in USD today?
A: Prices fluctuate hourly. Check real-time exchanges like 👉 Bitcoin Price Tracker for updates.
Q2: Is Bitcoin legal in China?
A: No. China bans virtual currency transactions and mining (2021 regulatory crackdown).
Q3: Why did Bitcoin crash in December 2021?
A: Combined factors: Tesla’s sell-off, margin call liquidations, and China’s mining ban.
Investment Considerations
- High Risk: BTC’s volatility makes short-term predictions unreliable.
- Long-Term View: Historical growth shows resilience despite drops.
💡 Pro Tip: Diversify with stablecoins like USDT during market turbulence. Learn more at 👉 Crypto Investment Strategies.
Market data sourced from global exchanges. Always verify rates before trading.
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