Expanded Bitcoin Data (as of November 26, 2024)
Market Overview
Current Price: $92,926–$93,260 USD.
Market Capitalization: ~$672 billion USD.
24-Hour Trading Volume: $122 billion USD (62.8% increase).
Circulating Supply: ~19.8 million BTC.
Supply Limit: 21 million BTC.
Historical Data
All-Time High (ATH): $99,000 USD (November 22, 2024).
All-Time Low: $67 USD (July 6, 2013).
2024 Performance: Recent ATH achieved after strong institutional and retail adoption.
Network Details
Blockchain: Bitcoin, based on a decentralized Proof-of-Work (PoW) system.
Mining Algorithm: SHA-256.
Hashrate: ~500 Exahashes/sec, ensuring network security and decentralization.
Block Time: ~10 minutes.
Next Halving: April 2024, reducing block rewards from 6.25 BTC to 3.125 BTC.
Adoption Trends
Mainstream Use Cases:
Store of Value: Seen as "digital gold."
Cross-Border Transactions: Fast, low-cost payments.
Institutional Interest: Spot ETFs and crypto funds growing.
Social Metrics: 57% bullish sentiment on platforms like Twitter.
Challenges
Energy Usage: Bitcoin mining consumes substantial energy.
Regulation: Facing scrutiny in many jurisdictions due to its decentralized nature.
