What is Bitcoin?
Bitcoin is the pioneer of cryptocurrencies and a decentralized global payment system. Designed as an alternative to traditional electronic transactions, Bitcoin eliminates the need for central banks or intermediaries. Transactions occur directly between users on the network and are permanently recorded on a public blockchain—a secure, immutable ledger where each block cryptographically links to the previous one.
Key features of Bitcoin:
- Decentralized validation via a distributed network of miners who secure the blockchain.
- Fixed supply of 21 million BTC, making it a deflationary asset.
- Store of value embraced by investors, with a peak market cap of $1.1 trillion in 2021.
👉 Discover how Bitcoin mining works
Bitcoin (BTC) Key Metrics
| Metric | Value |
|---|---|
| Price (USD) | $108,765.90 |
| All-Time High | $112,033.31 |
| Market Cap | $2.1 Trillion |
| 24h Trading Volume | $30.3 Billion |
| Circulating Supply | 19.887 Million BTC |
| Max Supply | 21 Million BTC |
Bitcoin Market Data
Top exchanges for BTC trading:
| Market | Exchange | Price (USD) | 24h Volume | Liquidity (±2%) |
|---|---|---|---|---|
| BTC/USDT | ProBit | $108,762.74 | $87.42 M | $88.02 M |
| BTC/USDT | Blynex | $108,762.73 | $27.53 M | $74.59 M |
| BTC/USDT | BVOX | $108,750.75 | $414.03 M | $67.89 M |
| BTC/USD | Coinbase | $108,764.66 | $664.61 M | $58.74 M |
👉 Compare BTC liquidity across platforms
Bitcoin Technical Profile
- Consensus Mechanism: Proof of Work (PoW)
- Hashing Algorithm: SHA-256
- Mineable: Yes (No premine or inflation)
- Hard Cap: 21 Million BTC
FAQ: Bitcoin Essentials
How does Bitcoin differ from traditional money?
Bitcoin operates without central authority, using blockchain technology to enable peer-to-peer transactions with transparent, immutable records.
What determines Bitcoin’s price?
Market demand, adoption rates, macroeconomic trends, and regulatory developments collectively influence BTC’s valuation.
Why is Bitcoin called "digital gold"?
Its scarcity (capped supply) and durability mirror gold’s properties, making it a hedge against inflation.
Can Bitcoin transactions be reversed?
No—once confirmed on the blockchain, transactions are irreversible by design.
How do I start investing in Bitcoin?
Purchase BTC through regulated exchanges, store it securely in a wallet, and consider dollar-cost averaging to mitigate volatility.
Final Thoughts
Bitcoin remains the cornerstone of cryptocurrency, combining revolutionary technology with robust market liquidity. Whether you're trading or holding long-term, understanding its mechanics ensures informed decisions in the dynamic crypto space.
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