Bitcoin Price Today – Discover More About it Now

Posted on by
Bitcoin Price Today
Bitcoin Price Today

Bitcoin price today is $20,803.28 USD with a 24-hour trading volume of $39,526,232,512 USD. Our BTC to USD pricing is updated in real-time. In the previous 24 hours, Bitcoin has dropped 4.84 percent. With a live market cap of USD 397,424,691,594, the current ranking is #1. It has a total quantity of 21,000,000 BTC coins and a circulating supply of 19,103,943 BTC coins.

If you’re wondering where to buy Bitcoin at the moment, the leading cryptocurrency exchanges for buying Bitcoin stock right now are Binance, OKX, Bybit, BingX, and FTX. Others are included on our cryptocurrency exchanges page.

What Is Bitcoin (BTC)?

Bitcoin is a decentralized cryptocurrency that was first defined in a whitepaper in 2008 by a person or group of individuals going by the identity Satoshi Nakamoto.

It was released shortly after, in January 2009.

Bitcoin is peer-to-peer internet money, which means that all transactions take place directly between equal, independent network participants, with no need for a third party to permit or enable them.

Bitcoin Price – Who Are the Founders of Bitcoin?

Satoshi Nakamoto is the pseudonym used by the original creator of Bitcoin.

The exact identity of the individual — or organization — behind the alias is unknown as of 2021.

Bitcoin’s Price History

Bitcoin’s price fluctuations indicate both investor enthusiasm and frustration with its promise.

Satoshi Nakamoto, the mystery Bitcoin creator(s), created it to be used in daily transactions and to avoid traditional banking infrastructure following the 2008 financial meltdown.

The price swings of Bitcoin are mostly the result of investors and traders wagering on an ever-increasing price in anticipation of riches.

However, the Bitcoin price story has shifted once more.

Bitcoin began to lose steam in January 2022.

Here’s a summary of Bitcoin’s price history:

Bitcoin price 2009–2015

When Bitcoin was first established in 2009, its price was zero.

On July 17, 2010, its value increased to $.09.

Bitcoin’s price increased again on April 13, 2011, from $1 to a high of $29.60 by June 7, 2011, representing a 2,960 percent increase in three months.

Following a steep decline in cryptocurrency markets, Bitcoin’s price fell to $2.05 by mid-November.

The price increased from $4.85 on May 9 to $13.50 on August 15.

The year 2012 was fairly unremarkable for Bitcoin, but 2013 saw significant price gains.

Bitcoin started the year at $13.28 and reached $230 on April 8.

Its price then dropped at a similar rate, dropping to $68.50 a few weeks later on July 4.

Bitcoin was trading at $123.00 in early October of 2013.

By December, it had risen to $1,237.55, only to plummet three days later to $687.02.

Bitcoin’s price fell throughout 2014, reaching $315.21 at the start of 2015.

Bitcoin price 2016–2020

Prices gradually increased throughout 2016, reaching over $900 by the end of the year.

Bitcoin’s price stayed around $1,000 in 2017 until it broke $2,000 in mid-May when it surged to $19,345.49 on December 15.

The attention of mainstream investors, governments, economists, and scientists was drawn, and other entities began developing cryptocurrencies to compete with Bitcoin.

In 2018 and 2019, Bitcoin’s price meandered sideways with brief spurts of activity.

In June 2019, for example, there was a revival in price and trade activity, with the price exceeding $10,000.

However, by mid-December, it had dropped to $6,635.84.

The COVID-19 pandemic caused the economy to shut down in 2020.

Bitcoin’s price has surged once more.

The value of the coin at the start of the year was $6,965.72.

The epidemic closure and following government initiatives exacerbated investors’ concerns about the global economy, hastening Bitcoin’s growth.

At the end of the day on November 23, Bitcoin was worth $19,157.16. Bitcoin’s price hit well around $29,000 in December 2020, having increased 416 percent from the beginning of the year.

Bitcoin price 2021–Present

Bitcoin broke its 2020 price record in less than a month in 2021, reaching $40,000 on January 7, 2021. As Coinbase, a cryptocurrency exchange went public in mid-April, Bitcoin prices reached fresh all-time highs of more than $60,000. Bitcoin’s price rose further as a result of institutional interest, reaching a high of $63,558 on April 12, 2021.

Prices had dropped nearly half during the summer of 2021, reaching $29,796 on July 19. Another bull run occurred in September, with prices reaching $52,693, but a severe downturn brought it to a close of $40,710 roughly two weeks later.

Bitcoin achieved an all-time high of $68,789 on November 10, 2021, before closing at $64,995. Bitcoin plummeted to $46,164 in mid-December 2021. The price began to fluctuate more as investors became concerned about inflation and the advent of a new variation of COVID-19, Omicron.

Bitcoin’s price continued to tumble between January and May 2022, with closing prices only hitting $47,445 at the end of March before falling further to $28,305 on May 11.

Bitcoin closed below $30,000 for the first time since July 2021. On June 13, cryptocurrency values plummeted. For the first time since December 2020, Bitcoin fell below $23,000.

From November 2021 to June 2022, Bitcoin’s price movements looked to resemble those of the stock market, implying that the market was treating it like a stock.

Bitcoin Price – What Affects the Price of Bitcoin?

Supply and Demand

Bitcoin and other cryptocurrency prices, like other currencies, products, or services within a country or economy, are determined by perceived value as well as supply and demand.

People will acquire Bitcoin if they believe it is worth a certain amount, especially if they believe it will rise in value.

Only 21 million Bitcoins will ever be created by design. As long as demand remains constant or increases, the closer Bitcoin comes to its limit, the higher its price will be.

Bitcoins are generated at a set rate by mining software and hardware. This rate divides in half every four years, slowing the creation of coins.

Bitcoin’s price should continue to rise as long as it remains popular and supply cannot keep up with demand.

However, if demand falls and popularity declines, there will be more supply than demand. The price of Bitcoin should therefore fall unless it maintains its worth for other reasons.

The price of Bitcoin can be influenced by economic factors, as illustrated by the COVID-19 outbreak.

New Bitcoin Securities

Another element influencing Bitcoin’s price is supply and demand. Bitcoin evolved into a financial instrument used by investors and financial institutions to hold value and create rewards. As a result, investors have invented and traded derivatives. This affects the price of Bitcoin.

Speculation, investment product hype, irrational exuberance, and investor panic and terror are also likely to influence Bitcoin’s price, as demand rises and falls in tandem with investor emotion.

Cryptocurrency Competition

Other cryptocurrencies may potentially have an impact on Bitcoin’s price.

There are numerous cryptocurrencies, and the number is growing as regulators, institutions, and merchants resolve concerns and accept them as forms of payment and currency.

Finally, if consumers and investors believe that other coins will be more valuable than Bitcoin, demand will fall, and prices will follow.

Alternatively, if the mood and trading shift in the opposite direction, demand will climb along with prices.

Bitcoin price – Is Bitcoin a Good Investment?

Bitcoin is a cryptocurrency that may be used to make payments.

Investors and traders have begun to use it as an investment, although its price is extremely erratic.

This puts a substantial amount of money at risk. Before purchasing Bitcoin as an investment, it is best to consult with a professional financial counselor about your circumstances and aspirations.

How Long Does It Take to Mine One Bitcoin?

The degree of difficulty varies.

The time it takes to find a block depends on the software and hardware used, as well as the available energy resources, but the typical time is about 10 minutes.

What Makes Bitcoin Unique?

The fact that Bitcoin was the first cryptocurrency to exist on the market gives it a distinct advantage.

It has succeeded in establishing a global community and spawning a completely new business of millions of fans who produce, invest in, trade, and utilize Bitcoin and other cryptocurrencies in their daily lives.

The creation of the first cryptocurrency provided a conceptual and technological foundation for the development of thousands of competing ventures.

How Much Bitcoin Is in Circulation?

The entire supply of Bitcoin is limited by its software and will never exceed 21,000,000 coins.

New coins are created through the “mining” process: as transactions are broadcast throughout the network, miners pick them up and package them into blocks, which are then protected by intricate cryptographic equations.

Miners receive rewards for each successful block added to the blockchain as compensation for their computational resources. At the time of Bitcoin’s creation, the reward was 50 bitcoins per block: this figure is half with every 210,000 new blocks mined – a process that takes the network around four years.

The block reward has been reduced three times by 2020 and now consists of 6.25 bitcoins.

After the 2020 halving, the Bitcoin mining reward is capped at 6.25 BTC as of mid-September 2021, which is around $299,200 in today’s Bitcoin price.

Bitcoin Price – How Is the Bitcoin Network Secured?

Bitcoin is protected by the SHA-256 algorithm, which is part of the SHA-2 family of hashing algorithms and is utilized by Bitcoin Cash (BCH) and several other cryptocurrencies.

Bitcoin Price – Bitcoin Energy Consumption

Consumers have become increasingly interested in their energy consumption and personal impact on climate change over the last few decades.

When news stories began to circulate concerning the potential detrimental impacts of Bitcoin’s energy use, many people were concerned about Bitcoin and condemned its energy consumption.

According to one assessment, each Bitcoin transaction consumes 1,173 KW hours of electricity, enough to “power the ordinary American home for six weeks.” According to another research, the energy used by Bitcoin annually is greater than the annual hourly energy consumption of Finland, a country with a population of 5.5 million.

The announcement has prompted reactions from everyone from internet entrepreneurs to environmental campaigners to government officials.

Tesla CEO Elon Musk even indicated in May 2021 that Tesla will no longer accept cryptocurrencies as payment owing to his concerns about its environmental imprint. While many of these people have decried the issue and moved on, some have suggested solutions: how can we make Bitcoin more energy efficient? Others have merely taken a defensive stance, claiming that the Bitcoin energy crisis has been overblown.

Miners are currently significantly reliant on renewable energy sources, with estimates indicating that Bitcoin’s utilization of renewable energy might range between 40 and 75 percent. However, detractors argue that boosting Bitcoin’s use of renewable energy will take away from solar sources powering other sectors and industries such as hospitals, factories, and houses. The Bitcoin mining community also believes that the rise of mining will eventually lead to the construction of new solar and wind farms.

Furthermore, some proponents of Bitcoin contend that the gold and banking industries require twice as much energy as Bitcoin, rendering the argument of Bitcoin’s energy consumption moot. Furthermore, unlike the other two industries, the energy use of Bitcoin can be easily tracked and traced.

Those who support Bitcoin point out that the sophisticated validation procedure results in a more secure transaction system, which justifies the energy consumption.

Bitcoin Price – What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption?

Earlier this year, a legislative hearing on the matter was held in the United States, where lawmakers and IT professionals discussed the future of crypto mining in the United States, notably underlining their concerns about fossil fuel usage. Leaders also discussed the ongoing controversy over the coal-to-crypto trend, including the number of coal facilities in New York and Pennsylvania that are being converted into mining farms.

Aside from legislative hearings, private sector crypto projects targeted environmental challenges, such as the Crypto Climate Accord and Bitcoin Mining Council, exist.

Indeed, the Crypto Climate Accord outlines a plan to eradicate all greenhouse gas emissions by 2040 and given Bitcoin’s inventive potential, it is realistic to imagine that such lofty goals can be realized.

Bitcoin Price – What Is Bitcoin’s Role as a Store of Value?

Bitcoin is the first digital currency that is decentralized and peer-to-peer.

One of its primary functions is to serve as a decentralized store of value.

In other words, it establishes ownership rights in the form of a physical item or a unit of account. However, the latter store-of-value function has been called into question. Many cryptocurrency fans and economists predict that widespread acceptance of the top currency will usher in a new modern financial world in which transaction amounts will be priced in smaller units.

In honor of the pseudonymous originator, the smallest units of Bitcoin, 0.00000001 BTC, are known as Satoshis (or Sats for short).

At the current Bitcoin price, 1 Satoshi is worth around $0.00048.

For many, the leading cryptocurrency is seen as a store of value — similar to gold — rather than a currency.

Because the initial cryptocurrency was designed to be a store of value rather than a payment mechanism, many individuals buy it and keep onto it long-term (or HODL) rather than spending it on products like you would normally spend a dollar – considering it as digital gold.

Bitcoin Price – Crypto Wallets

The most common bitcoin wallets include both hot and cold wallets.

Hot wallets and cold wallets are two types of cryptocurrency wallets.

Hot wallets may connect to the internet, whereas cold wallets are meant to store significant quantities of currency away from the internet.

Trezor, Ledger, and CoolBitX are three of the best crypto cold wallets. Exodus, Electrum, and Mycelium are three of the most popular cryptocurrency hot wallets.

Bitcoin Price – How Is Bitcoin’s Technology Upgraded?

A hard fork is a drastic modification to the protocol that allows previously invalid blocks/transactions to be valid, requiring all users to upgrade. If users A and B dispute over whether an incoming transaction is valid, a hard fork could render the transaction valid for users A and B but not for user C.

A hard fork is a protocol upgrade that is incompatible with previous versions.

This means that before the new blockchain with the hard fork starts and rejects any blocks or transactions from the old blockchain, every node (computer linked to the Bitcoin network via a client that operates validating and relaying transactions) must be upgraded.

The old blockchain will continue to exist and accept transactions, but it may be incompatible with newer Bitcoin clients.

A soft fork is a change to the Bitcoin protocol that invalidates only previously valid blocks/transactions.

A soft fork is backward-compatible since previous nodes will recognize the new blocks as valid.

This type of fork merely requires a majority of miners to upgrade to implement the new rules.

The following are some famous cryptocurrencies that have had hard forks: Bitcoin’s hard fork produced Bitcoin Cash, and Ethereum’s hard fork produced Ethereum Classic.

Since its original fork, Bitcoin Cash has been hard forked, resulting in the formation of Bitcoin SV. More information about the differences between Bitcoin, Bitcoin Cash, and Bitcoin SV may be found here.

Bitcoin Price – How Much Is Bitcoin?

The current value of Bitcoin fluctuates all day, every day. It truly is a worldwide asset. From a low of less than one cent per coin, Bitcoin’s price has climbed by thousands of percent to the figures shown above. All cryptocurrencies’ prices are highly volatile, which means that anyone’s idea of how much Bitcoin is will alter by the minute.

However, different nations and exchanges display different prices at times, thus comprehending how much Bitcoin is a consequence of a person’s location.

Bitcoin Price – Is Bitcoin Political?

Bitcoin is becoming increasingly political, especially after El Salvador began using it as legal cash.

The decision was announced and implemented nearly unilaterally by the country’s president, Nayib Bukele, disregarding objections from his population, the Bank of England, the IMF, Vitalik Buterin, and others.

Bukele has also revealed intentions to develop Bitcoin City, a city entirely centered on mining Bitcoin with geothermal energy from volcanoes, since the Bitcoin law was passed in September 2021.

Countries such as Mexico, Russia, and others have been speculated to be interested in accepting Bitcoin as legal cash, but El Salvador is the only one so far.

Bitcoin Cost – Where Can You Purchase Bitcoin (BTC)?

Bitcoin is almost identical to cryptocurrency in many ways, which means you can buy it on almost any crypto exchange — both for fiat money and other cryptocurrencies.

Some of the major markets where BTC can be traded.

  • Binance
  • Coinbase Pro
  • OKEx
  • Kraken
  • Huobi Global
  • Bitfinex
Bitcoin Price FAQs

Bitcoin Price -How Much Is Bitcoin selling today?

Bitcoin Price Chart (BTC/USD)

24 Hour High24 Hour LowMarket Capitalization
22,252.63 USD20,962.98 USD404,665,925,975.18 USD

Bitcoin Price – What is $1000 Bitcoin worth?

The value of 1000 BTC converted to USD is 23139000.

Bitcoin Price – How many dollars is $200 bitcoins?

According to the “Open Exchange Rates,” the cost of 200 Bitcoins in US Dollars today is $4,367,530.20; compared to yesterday, the exchange rate declined by -4.18 percent (by -$912.31).

Bitcoin Price – How many bitcoins are left?

How many of the 21 million Bitcoins are still in circulation? There are still 2.3 million Bitcoins to be mined. Surprisingly, even though 18.6 million Bitcoin were mined in just over ten years, the remaining 2.3 million will take another 120 years to mine. This is due to the halving of Bitcoin.

Bitcoin Price – What is Bitcoin’s highest price?

On November 10, 2021, Bitcoin reached an all-time high of $69,044.77. (9 months).

Bitcoin Price – What is the lowest Bitcoin price?

On July 6, 2013, Bitcoin reached an all-time low of $67.81. (about 9 years).

What was the 24-hour trading volume of Bitcoin?

Bitcoin’s 24-hour trading volume is $51,705,253,455.

Where can Bitcoin be traded?

Bitcoin may be traded on Binance, Currency.com, and Binance. BTC/USD, BTC/CAD, BTC/EUR, BTC/PHP, BTC/INR, and BTC/IDR are some of the market’s most popular Bitcoin trading pairings.

Bitcoin Price Conclusion

Today’s Bitcoin price is $20,943.51, with a 24-hour trading volume of $39.78 B. BTC has dropped -5.13 percent in the last 24 hours. It is currently -13.64 percent off its all-time high of $24,250.43 and 1.00 percent off its all-time low of $20,735.17. BTC has a circulating circulation of 19.1 million coins and a maximum supply of 21 million coins.