btc$BTC

Here are some updates on Bitcoin ¹:

- *Price*: Bitcoin price as of May 23, 2024, was Rs 57,88,606, which is down by -0.57%.

- *Legal status in India*: Bitcoin trading is completely legal in India. People can buy or sell Bitcoins through crypto exchanges providing their services in the country.

- *How it works*: Bitcoin operates on a blockchain based decentralized ledger which is controlled by several nodes and servers operated by users around the world. New Bitcoins are created through a process called mining which involves the use of specialized computers used to solve mathematical puzzles and approving transactions in the network.

- *Returns*: Bitcoin returned 159.85% in the last year.

- *Circulating supply*: The amount of coins that are circulating in the market and are in public hands is 1.97.