But what is Bitcoin?
Bitcoin is a digital currency that uses blockchain technology to enable secure and transparent transactions between individuals without the need for intermediaries such as banks. It was created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto and has since become one of the most well-known and widely accepted cryptocurrencies in the world.
The price of Bitcoin is highly volatile and can fluctuate significantly in short periods of time. The current value of Bitcoin is $101,958.27 per BTC, with a circulating supply of 19,795,587 BTC. The total market capitalization of Bitcoin is $2,018,286,003.53, meaning that the total value of all bitcoins in circulation is approximately $2 trillion.
Bitcoin trading volume has dropped by $10,476,232,146.33 in the last 24 hours, representing a drop of 17.90%. This means that there has been a decrease in the number of bitcoins traded on online exchanges in the last 24 hours. However, the equivalent of $58,538,286,867.46 worth of BTC has still been traded in the last 24 hours, indicating that there is still a high demand for Bitcoin in the market.
In general, Bitcoin is a highly volatile and high-value digital currency that is traded on online markets around the world. Its circulating supply is limited, meaning there is a fixed number of bitcoins available for trading. This, combined with the high demand for Bitcoin, contributes to its high market value.
