Bitcoin Overview
$108,936.46 (-0.75% in 24h)
Bitcoin (BTC) is the world's first cryptocurrency, created by Satoshi Nakamoto in 2009. As the most valuable digital asset, it operates without intermediaries, relying on cryptographic technology and network consensus to validate transactions. This decentralized nature enhances security, transparency, and financial autonomy.
Key Features of Bitcoin
- Decentralization: Eliminates reliance on banks or financial institutions.
- Transparency: All transactions are permanently recorded on the public Bitcoin blockchain.
- Scarcity: Capped supply of 21 million coins, with periodic halving events to control inflation.
Bitcoin Market Performance
- Current Price: $108,936.46
- Market Cap: $2.17 trillion
- 24-Hour Range: $108,570.73 – $110,539.03
Bitcoin's volatility reflects its market-driven nature, with prices influenced by supply/demand dynamics, investor sentiment, and macroeconomic factors. Despite fluctuations, BTC has consistently rebounded to new highs, cementing its status as "digital gold."
How Bitcoin Works
Blockchain Technology
Bitcoin transactions are grouped into blocks, validated by miners through Proof-of-Work (PoW), and added to the blockchain every ~10 minutes. This process ensures:
- Immutability: Transactions cannot be altered once confirmed.
- Security: Cryptographic hashing protects against fraud.
Bitcoin Halving
Occurring every four years (last in 2024), halving reduces mining rewards by 50%. This scarcity mechanism historically triggers price surges, with the next event expected in 2028.
Where to Buy Bitcoin
👉 Buy Bitcoin securely on OKX
Popular platforms include:
- Centralized Exchanges (CEX): User-friendly, supporting fiat-crypto pairs.
- Decentralized Exchanges (DEX): Peer-to-peer (P2P) trading with no intermediaries.
Step-by-Step Purchase Guide
- Create an account on a trusted exchange.
- Choose "Buy BTC" and select payment method (card, bank transfer, or P2P).
- Enter amount and confirm transaction.
Storing Bitcoin Safely
Select a wallet based on your needs:
- Hot Wallets (e.g., Cryptomus): Web/mobile apps for quick access.
- Cold Wallets (e.g., hardware devices): Offline storage for enhanced security.
Key security practices:
- Enable 2FA and KYC verification.
- Use PIN codes for wallet access.
Bitcoin Use Cases
- Digital Gold: Hedge against inflation and economic uncertainty.
- Cross-Border Payments: Low-cost, fast transactions globally.
- Institutional Investment: Portfolio diversification for corporations.
Factors Influencing Bitcoin's Price
| Factor | Impact |
|---|---|
| Supply/Demand | Scarcity drives value. |
| Regulatory News | Policies affect adoption. |
| Market Sentiment | Media coverage shifts prices. |
| Technological Advances | Upgrades (e.g., Lightning Network) improve utility. |
FAQ
What was Bitcoin's lowest and highest price?
- All-Time Low: $0.0486
- All-Time High: $111,990.33
How long does a Bitcoin transaction take?
~10 minutes per block confirmation. Fees may vary based on network congestion.
Why is Bitcoin volatile?
Prices depend solely on market activity, with no central authority to stabilize fluctuations. Speculation and news events amplify volatility.
Can Bitcoin be used for everyday purchases?
Yes! Many merchants accept BTC via payment processors or lightning network.
Why Choose Bitcoin?
- Decentralization: Full control over your assets.
- Transparency: Public ledger ensures trust.
- Growth Potential: Increasing institutional adoption.
👉 Start trading Bitcoin today on OKX
Cryptomus Tools
- TRX Staking: Earn 20% annual interest.
- AML Checks: Verify transaction safety.
- Mobile App: Manage crypto on-the-go.
Note: All financial decisions should be made after thorough research. Past performance does not guarantee future results.