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Bitcoin Price(BTC)

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$ 23,935.69
+3.57%
(1D)

BTC Price Live Data

The live price of Bitcoin is $ 23,935.69 per (BTC / USD) today with a current market cap of $ 457.56B USD. 24-hour trading volume is $ 26.67B USD. BTC to USD price is updated in real-time. Bitcoin is +3.57% in the last 24 hours. It has a circulating supply of $ 19.12M USD.
BTC Price Performance USD
ChangeAmount%
Today$ 854.23+3.57%
30 Days$ 2,567.59+10.73%
60 Days$ -5,034.11-21.03%
90 Days$ -5,555.19-23.21%

BTC Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 23,104.10
High: $ 24,203.69
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 68,789.63
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.13%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+3.57%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+3.10%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+3.10%
The percent change in trading volume for this asset compared to 7 days ago.

BTC Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#1
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 457.56B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 26.67B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
$ 19.12M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
$ 19.12M
Circulating supply shows the number of coins or tokens that have been issued so far.

About Bitcoin (BTC)

Bitcoin is one of the most popular cryptocurrencies in the market. First introduced in 2009 by Satoshi Nakamoto, Bitcoin has held the crypto market’s number one spot according to market capitalization. Bitcoin paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions.  

As the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. However, one does not have to buy an entire bitcoin as bitcoins can be divided into small units called satoshis, named after the creator. A satoshi is equivalent to 0.00000001 bitcoin.

There is no physical BTC token so you can think of bitcoin as digital money. Bitcoin transactions are fully transparent and can’t be censored. You can send money to anyone in the world with ease. It’s a financial system backed by thousands of computers, known as ‘nodes’, around the world, instead of a single central bank or government, i.e. hence the term ‘decentralization’. 

Bitcoin Upgrades

Because Bitcoin is decentralized and community-driven, many upgrades to Bitcoin come in the form of formal proposals called Bitcoin Improvement Proposals, or BIPs. This ensures that the software is always undergoing upgrades that can further contribute to the community’s needs. Anyone can propose a BIP, and the community will reject or approve of the BIP collectively. One major upgrade to Bitcoin’s consensus protocol is the SegWit Upgrade, proposed in BIP 141 and designed to help the bitcoin scale to support more transactions to meet growing demand. BIPs like these change Bitcoin’s consensus rules, resulting in forks. 

Bitcoin Forks

Forks are the points where software is copied and modified, resulting in two chains with a shared original chain. There are two types of forks–soft and hard forks. Soft forks are upgrades that still allow un-upgraded nodes to interact with upgraded nodes. Hard forks are upgrades that do not allow un-upgraded nodes to interact with upgraded ones. Bitcoin Cash is an example of a hard fork of Bitcoin.

Because Bitcoin is decentralized, it is not subjected to inflation or any monetary policies created by any central banks or government. Instead, there will only ever be 21 million BTC in existence.

Common Bitcoin Misconceptions 

Bitcoin is just a passing phase.

Bitcoin and blockchain technology introduce solutions for real-world issues, seeking to help the unbanked population, combat counterfeiting and improve cross-border transactions to name a few. Even if we disregard the notion of bitcoin as a speculative asset or store of value, it is likely here to stay and disrupt many sectors.

Bitcoins can be copied and pasted, making them easy to counterfeit.

No, thanks to the Bitcoin protocol, your bitcoin cannot be copied. The word ‘crypto’ in ‘cryptocurrency’ comes from the word ‘cryptography’, a technique that allows for secure communication, meaning that it is impossible to counterfeit bitcoin, unlike fiat. In fact, Bitcoin solves the issue of double-spending, a loophole in traditional digital cash that allows a user to spend the same amount of funds twice.

Bitcoin is bad for the environment.

A significant percentage of bitcoin mining uses renewable energy (wind, solar, hydro etc) instead of traditional energy sources that are bad for the environment. 


People Also Ask: Other Questions About Bitcoin

  1. How Many Bitcoins Are There? 

    Bitcoin has a circulating supply of 18,832,712 BTC and a maximum supply of 21,000,000 (21 Million) BTC tokens.

  2. What Role Does Bitcoin Have as a Store of Value?

    Bitcoin is valued as a useful form of money, and is measured by its growth of users, merchants and accepted locations.

  3. How Is Bitcoin (BTC) Different From Bitcoin Cash (BCH)?

    Bitcoin's block size is capped at 1 MB, while Bitcoin Cash's block size is capped at 32 MB.

  4. Why Do Bitcoin Price Changes Impact Other Coins?

    Due to its pioneer status, a lot of investors view it as the crypto market’s reserve so other coins depend on its value to remain high. 

  5. How Secure Is Bitcoin?

    Bitcoin is secured with a Proof-of-Work (PoW) mechanism,  which means millions of miners work together to secure the decentralized network. Each miner keeps a record of all transactions. Forcing a transaction is impossible because they would have to control 51% of all miners. 

  6. What Is Bitcoin Mining?

    Bitcoin mining is the process where miners contribute the processing power of their hardware rigs to solve cryptographic puzzles from each transaction on the Bitcoin blockchain.  Miners receive BTC for solving cryptographic puzzles, and transactions are recorded in blocks that get added to the blockchain. 

  7. How Can I Store My Bitcoin?

    Because BTC is a digital currency, it is stored in a digital wallet. Here are two ways to store your Bitcoin:

    1. Store your BTC on Binance exchange

    If you are looking for quick access to your BTC to facilitate trading, you can consider storing your Bitcoin on the Binance exchange. 

    1. Store your BTC in a Bitcoin wallet

    Alternatively, you can store your BTC in an external BTC wallet. There are hot and cold wallet solutions available in the market with different pros and cons, so you can explore the options to see which one suits you best.

Top News
Binance Market Update (2022-08-08)
The global cryptocurrency market cap now stands at $1.13T, up by 2.93% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $23,000 and $24,248 over the past 24 hours. As of 04:00 PM (UTC) today, BTC is trading at $24,002, up by 4.24%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include MULTI, GRT, and ROSE, up by 25%, 19%, and 14%, respectively.Top stories of the day:Chainlink Will Not Support Ethereum Forks After the MergeDigital Asset Investment Products See Inflows Of $3M Last Week - CoinSharesCoinShares' latest weekly flows report showed $3M of inflows into crypto investment products last week.Dogecoin Is Serving More Purpose Than Cardano, Claims Mark CubanFutures Weekly Wrap (Aug 1st-Aug 7th): Cryptos Reclaim Vital SupportCoca-Cola launched a surprise NFT collectible on Polygon to celebrating International Friendship Day2022 Fundraisings Already Surpassed 2021: MessariToday’s Fear & Greed Index Is 30, the Level Is FearBitcoin Is Trading at a Discount, Says Bloomberg Senior AnalystMarket movers:LUNA: $2.1226 (+2.18%)ETH: $1775.95 (+4.53%)BNB: $325.1 (+0.81%)XRP: $0.3795 (+1.74%)ADA: $0.5343 (+3.01%)SOL: $42.5 (+5.35%)DOT: $9.19 (+7.49%)DOGE: $0.07035 (+2.07%)AVAX: $29.04 (+3.64%)MATIC: $0.9242 (+1.26%)Top gainers on Binance:MULTI/BUSD (+25%)GRT/BUSD (+19%)ROSE/BUSD (+14%)
Binance
57 mins ago
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#Binance
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Binance
57 mins ago
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Exchange Fees and Commissions Not The Leading Factor For Crypto Adoption For Institutional Players: Report
As the drive for mainstream crypto adoption picks pace, retail and institutional players are exploring ways of tapping into opportunities presented by the crypto markets. In this endeavour, institutional players are faced with various factors for consideration as they trade in digital assets.According to the Crypto Trading Report 2022 by PricewaterhouseCoopers (PwC), the Alternative Investment Management Association (AIMA) and Finery Markets, institutional players rated the following factors, in order of importance, as key in choosing an exchange venue for digital assets namely; execution and liquidity quality, the assets an exchange supports, regulation and jurisdiction reputation, and fees and commissions.According to the participants: “When choosing an exchange, the respondents seem to place importance on execution and liquidity quality. More than two-thirds of the respondents chose this option when given a chance to select the three most important factors. The second most important factor is the assets an exchange supports. Rounding off the top three, regulation and jurisdiction reputation is the final factor in the choice of exchange. Interestingly, fees and commissions come in fourth place, suggesting that actors are willing to potentially pay more in transaction fees when the exchange trades the requested asset, ensures “best execution” and is located in a jurisdiction that promotes legal certainty”.The survey found that jurisdictions that promoted digital assets and had less restrictive crypto regulations led in numbers of licensed institutional investors. Two-thirds of the institutional participants were under the supervision of a regulator. Russia and Switzerland were the leading jurisdictions for institutional investors in digital assets and, at the same time, holding licences in their country of domicile.The survey data further showed that institutional players were using digital assets in addition to traditional finance. The survey found that: “Over 50% of the companies that have traditionally traded in financial instruments are now engaging in trade in the digital asset landscape”. On monthly crypto trading volume, the survey indicated that the highest number of respondents were trading less than USD 10 million in digital assets. However, the survey also found that though a more significant number of companies traded less, the volumes of institutions that trade more than USD 10 million were much more significant.According to the survey, only 9% of institutions were using a single venue for digital asset execution. 90% of the respondents were trading on Centralised Exchanges (CEXs), while around half were trading with Over The Counter (OTC) desks. Over a third of the respondents also traded on Decentralised Exchanges (DEXs) due to their wider digital asset offering, which is an essential factor in choosing an exchange for institutional players.The interplay of the various factors for crypto adoption for institutional players is expected to change as the crypto landscape develops. The ranking of the importance of the elements will depend on how the critical factors are addressed.
Isa Nsereko - ZyCrypto
3 hrs ago
#CEX
#DEX
#Adoption
#CEX
#DEX
#Adoption
Isa Nsereko - ZyCrypto
3 hrs ago
#CEX
#DEX
#Adoption
#CEX
#DEX
#Adoption
Nepal Looks to Launch Digital Currency as Central Bank Approves Study
Central Bank Digital Currencies (CBDCs) are the latest buzz among central banks and Nepal is looking to ride the wave to create a digital version of its national currency. Nepal Rastra Bank (NRB), the country’s central bank, has proposed a revision to legislation governing its powers and responsibilities, allowing it to explore the possibilities of a CBDC, reports The Kathmandu Post. The Nepal Rastra Bank (NRB) Act 2002 has no provision for the central bank to create a digital currency, as only paper notes and coins are allowed. Revati Nepal, a senior executive at the bank, noted that a task force has been created, charged with the duty of drafting an amendment to the legislation to allow the NRB to issue digital currencies. “After internal discussions, we will send the bill to the government to table it in Parliament,” said Revati. Plans of launching a CBDC had been in the works prior to the creation of the task force. Revati spearheaded a team that carried out a survey of the feasibility of a CBDC and reported that it was a viable venture but noted that some economic considerations will be factored in. On the technical side of things, Revati suggested that the NRB will use a separate digital wallet for digital banking transactions to be carried out and will “explore interoperability” with payment service providers. Nepal in no rush Compared to the breakneck speed of CBDC development in countries like Nigeria and the Bahamas. The country is choosing to concern itself with the creation of proper infrastructure to support the leap toward CBDCs. “Cybersecurity must be considered before introducing digital currencies,” said Prakash Kumar Shrestha, head of economic research at NRB. “We have to strengthen our cybersecurity before taking a step forward in the digitalization of currency.” Nepal amplified Shrestha’s comments by stating that the NRB will not “take unnecessary risks by rushing into introducing digital currency.” Learning from the forerunners Financial experts in Nepal are advising the regulators to steal a page from other jurisdictions that have launched their own CBDCs. India, its southern neighbor, has made giant strides and there are calls for Nepal to observe India’s progress. China, another neighboring country, has reached an advanced stage with its digital yuan while other Asian nations are at various stages of their CBDC development. The data shows that Nepal is ripe for a CBDC as its electronic banking is rising at a frenetic pace with billions of dollars in transactions being settled in the last 11 months, according to The Kathmandu Post. The post Nepal Looks to Launch Digital Currency as Central Bank Approves Study appeared first on BeInCrypto.
Wahid Pessarlay - BeInCrypto
3 hrs ago
#Nepal
#CBDC
#Nepal
#CBDC
Wahid Pessarlay - BeInCrypto
3 hrs ago
#Nepal
#CBDC
#Nepal
#CBDC
Top Blog
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
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