Bitcoin price

What is the price of bitcoin today? BTC price in USD

The current price of Bitcoin is $ 27,295.31 USD and the BTC volume today is $ 397,742,140,040 USD. Bitcoin’s price changed 7.15% in 24 hours. MarketCap BTC is $ 529,183,369,830. The current CoinGecko #1557 ranking.

Bitcoin’s highest price

Bitcoin reached an all-time highest (ATH) price of $64,683 on April 14, 2021.

The lowest Bitcoin price (BTC)

The lowest Bitcoin price in history was PLN 224.69 and it was on July 5, 2013.

About Bitcoin:

Wondering what it is or how to buy bitcoin? What is the forecast for future investments and is it worth exploring this topic? Read the text and bet on bitcoin cryptocurrencies on a safe online exchange.

Bitcoin Price History

Bitcoin is the world’s first cryptocurrency, introduced in 2009 by a person or group of people with the pseudonym Satoshi Nakamoto. It is worth knowing, however, that the Bitcoin cryptocurrency was described for the first time 10 years earlier by Wei Dai working as a programmer. Bitcoin (BTC for short) was the only cryptocurrency until April 2011. The first official publication on bitcoin characterized the principles of the functioning of this cryptocurrency and the opportunities that come with it. Year by year, the popularity of bitcoins grew, and today they have the most established position on the cryptocurrency exchange. Interestingly, Germany recognizes bitcoin as a means of payment, and a Cypriot university allows you to pay with bitcoin, which is also imitated by Denmark. The advantage of bitcoin (and not only) is its decentralization. Bitcoins do not have a central issuing institution, they are independent of banks and national governments.

1 BTC is divided into 100,000,000 smaller units called satoshi (1 satoshi is worth 0.00000001 bitcoin). Bitcoins are moved in blocks every 10 minutes in a decentralized ledger that connects the blocks into a coherent chain. The origins of this chain go back to the first block of genesis. On December 17, 2017, Bitcoin had its own ATH (highest market value) of PLN 71,919 ($ 20,089)! The current time is an opportunity to summarize: today Bitcoin’s shares exceed 30% of the entire cryptocurrency market! The construction of bitcoin is based on a blockchain system – a shared transaction record. This means that the very strong SHA-256 encryption algorithm is in use. The average time to confirm the transaction by the network is 10 minutes. It is estimated that about 7 transactions are made in one second.

Bitcoin – price

Bitcoin is highly volatile. On the first day, the rate may drop by 10%, and on the second day, the BTC price may rise by 15%. There are many factors that influence the price of bitcoin. Sometimes BTC is referred to as “digital gold” because the price of bitcoins allows you to make money on the difference in exchange rates. This is illustrated by the first chart at the top of our page. Recently, there has been a so-called bitcoin halving. Bitcoin halving is a process that occurs on average every 4 years. As a result, the reward for cryptocurrency miners drops by half. What does it really mean in the context of the BTC rate? Bitcoin enthusiast quotes predict that in a few months the value of bitcoin will rise due to relentless demand but lower supply of BTC. Let’s look at 2020 and the coronavirus pandemic. On March 13, 2021, 1 Bitcoin on the Bitstamp exchange was paid 61 781 USD. This is the current price record!

What else is worth knowing about bitcoins? Bitcoin is a deflationary cryptocurrency, which means that there can be a finite amount of it in circulation – a maximum of 21 million BTC. Making transactions is anonymous, legal, fast and secure. There are no intermediaries, no boundaries or the need to book. Due to online activities, there is always a risk of hacking attacks. However, you can effectively minimize them by having a wallet. The available types of wallets include wallets for computers (e.g. for Windows, Linux and Mac), for mobile devices (Android, iOs, Windows Phone and BlackBerry), as well as for hardware (e.g. Ledger Nano S) and web wallets on websites. A paper wallet, i.e. a printout, is also a safe and traditional security feature.

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Resources:

Official website: https://bitcoin.org/en/

Whitepaper: https://bitcoin.org/bitcoin.pdf

Source Code: https://github.com/bitcoin/