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Bitcoin price, market cap on Coin360 heatmap

Bitcoin(BTC)

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$65,972.93
(6.6%)
1.00000000 BTC
Market Cap (Rank#1)
$1,299,592,494,595
19,698,875 BTC
Vol 24h
$17,683,640,898
268,044 BTC
Circulating Supply
19,698,875
Max Supply
21,000,000
4h agonulltx
BlockDAG’s Piccadilly Event Draws BNB & Bitcoin Cash Investors
BNB Enthusiasts Rally at BlockDAG’s Notable London Piccadilly Showcase with $26M Presale Amid Bitcoin Cash Rise BlockDAG’s recent event at London’s Piccadilly Circus was a standout, drawing significant attention following similar events in Tokyo and Las Vegas. With its presale hitting $26 million, BlockDAG continues to carve out a prominent […]
7h agocoindesk
Izzy Englander's Millennium, Paul Singer’s Elliott Among Bitcoin ETF Holders
After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs.
8h agocoindesk
Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.
10h agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | May 15, 2024
Discover how CPI data influenced Bitcoin, token trends, and recent major hacks in the crypto market.
11h agocoindesk
Incoming Vanguard CEO Won't Reverse Decision Not to Launch Bitcoin ETF
The former BlackRock executive is replacing outgoing CEO Tim Buckley, effective July 8.
11h agocoindesk
Rafael Cordón: Safeguarding Elections With Bitcoin
Software engineer Rafael Cordón’s Simple Proof system helped prevent fraud in Guatemala’s most recent presidential election. Can this technology be used to insure against election interference in other jurisdictions?
12h agocoindesk
Halving Impact and Macro Shifts Create Tailwinds for Bitcoin
Despite the drop in bitcoin’s price since April’s halving, there are still plenty of reasons to be bullish about BTC and crypto, says Paul Marino, Chief Revenue Officer at GraniteShares.
14h agocoindesk
Crypto Old-Head Otoh Talks Casascius Bitcoins, Tax Havens and Old Friends
The pseudonymous investor – early to both Ethereum and Litecoin – has lived large. He is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.
15h agocoindesk
Hyperion Decimus' Newest Fund to Leverage CoinDesk Indices' Bitcoin and Ether Trend Indicators
Aimed at institutional investors, the systematic-based fund will seek to profit off uptrends in crypto markets while sidestepping the downtrends.
16h agocoindesk
Bitcoin Hovers at $62K While Pepe Hits Record High as GameStop Extends Rally
Dog-themed floki (FLOKI) zoomed 12%, the highest among the top 50 tokens by market capitalization, while pepe (PEPE) jumped 5% to a new lifetime peak.
16h agocoindesk
First Mover Americas: Bitcoin Approaches $63K Ahead of U.S. CPI Data
The latest price moves in bitcoin (BTC) and crypto markets in context for May 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
17h agocoindesk
Bitcoin Nears $63K as Bulls Chew Through 'Taker Selling'
A taker order is the
1 day agonulltx
Bitcoin Funding Rate Rises Amidst On-Chain Activity Slump
Bitcoin’s recent surge in funding rate on exchanges like DyDx and Deribit is causing concern among crypto enthusiasts, who are wary of history repeating itself after last week’s market top. With bullish sentiments prevailing, there’s a desire to keep Bitcoin FOMO (Fear of Missing Out) in check, ensuring that shorts […]
1 day agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | May 14, 2024
Bitcoin under $62K, Coinbase falters, memecoins surge. Key market insights.
1 day agocoin360
How to Earn $3,000 Worth of Bitcoin Using Cryptocurrency with Simpleminers Cloud Mining Platform
Your Bitcoin Earning Potential with Simpleminers
2 days agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | May 13, 2024
Today's Bitcoin rally and meme coin frenzy dissected: Understand what's driving the surge and how meme culture is reshaping markets.
2 days agonulltx
BITCOIN PRICE ANALYSIS & PREDICTION (May 13) – BTC Surges 2% Daily To Retap $63,000 Range In A Fresh Increase, Are The Bulls Back? 
The latest surge in Bitcoin’s price seemed to have restored bullish hope as it bounced off a key level last week. It reiterated positive actions today and is now looking poise for a shift amid a fresh surge.  Starting this month on a bullish note, Bitcoin recovered nicely from a […]
2 days agocoin360
El Salvador Reveals $353 Million Bitcoin Holdings on Public Treasury Website
El Salvador's bold embrace of Bitcoin as legal tender shakes global finance.
4 days agonulltx
BDAG Celebrates at Piccadilly Circus; BCH & ATOM Insights
BlockDAG Illuminates Piccadilly Circus to Celebrate CoinMarketCap Listing Forecasting $30 by 2030, Plus Updates on Bitcoin Cash and Cosmos As the cryptocurrency market experiences its usual ebb and flow, BlockDAG has captured the spotlight with its dazzling showcase at London’s Piccadilly Circus, celebrating its recent CoinMarketCap listing. This event is […]
4 days agonulltx
Crypto Market Sentiment Remains Bearish Despite Resilient Trends
The sentiment surrounding top cryptocurrency assets continues to lean towards negativity, a trend that has persisted since the Bitcoin halving on April 19th failed to immediately spur market growth across the crypto sector.  With uncertainty prevailing, the departure of small wallets from the market may serve as the catalyst needed […]
5 days agonulltx
Bitcoin Cash’s Upgrade, Injective’s Decline, and BlockDAG’s Rising Strategy
BlockDAG’s Detailed Roadmap Reveals X1 Miner App Launch Amid Bitcoin Cash Upgrade and Injective Price Decline  In the shifting landscape of cryptocurrency, success often hinges on strategic adaptability and clear forward planning. Bitcoin Cash is preparing for its May 15 upgrade, introducing an adaptive blocksize limit algorithm aimed at enhancing […]
5 days agocoin360
Bitcoin ETF Outflows: Insider's Glimpse at Hong Kong's Bold Bet
Dive deep into Hong Kong's groundbreaking crypto ETF landscape, where outflows challenge $261M holdings in a thrilling battle for digital asset supremacy.
6 days agocoin360
Coin360 Daily Dispatch | Crypto Market Updates & Highlights | May 9, 2024
From Bitcoin's price woes to Ethereum's new economic model and Binance's legal battles, get the latest on what's shaking the crypto world.
6 days agonulltx
Bitcoin Dips Below $62,000 Mark Amidst Whale Activity And ETF Fluctuations
Bitcoin experienced a dip in value today, falling below the $62,000 mark and recording a 2.5% loss. However, amidst this downturn, a significant whale in the cryptocurrency market seized the opportunity to purchase an additional 250 BTC, totaling $15.56 million, at the bottom of the price drop.  This whale has […]

About Bitcoin?

The live price of Bitcoin (BTC) today is 65,972.93 USD, and with the current circulating supply of Bitcoin at 19,698,875 BTC, its market capitalization stands at 1,299,592,494,595 USD. In the last 24 hours BTC price has moved 4,676.11 USD or 0.08% while 17,107,894,272 USD worth of BTC has been traded on various exchanges. The current valuation of BTC puts it at #1 in cryptocurrency rankings based on market capitalization.

Learn more about the Bitcoin blockchain network and how it works or follow the price of its native cryptocurrency BTC and the broader market with our unique COIN360 cryptocurrency heatmap.

Bitcoin, the pioneering cryptocurrency, has established itself as a formidable player in the digital currency market.

The price of Bitcoin is known for its volatility, influenced by factors like market sentiment, regulatory news, and large trades by significant holders known as "whales". Despite these fluctuations, Bitcoin has shown a remarkable journey since its inception in 2009, often being viewed as a store of value or "digital gold".

The cryptocurrency's decentralized nature and the underlying blockchain technology have been central to its appeal, offering a level of security and transparency not typically found in traditional financial systems. Bitcoin's fixed supply of 21 million coins adds to its scarcity, often cited as a reason for its value appreciation over time.

Background and Development

Bitcoin, an innovative peer-to-peer electronic cash system introduced by Satoshi Nakamoto on October 31, 2008, represents a significant leap in global financial policy. Beyond merely a cryptocurrency, Bitcoin's blockchain technology has found applications in diverse fields like supply chain management and energy trading, demonstrating its versatile impact.

Origin and Ideology

The origin of Bitcoin ties closely with cryptographic proof, eliminating the need for trust in financial transactions. Its inception signaled the start of a new era in digital currency, with its ideology deeply resonating with communities valuing decentralization, individual freedom, and privacy, notably among tech enthusiasts, libertarians, and crypto-anarchists.

Pre-History and Community Influence

Understanding Bitcoin's history necessitates exploring its pre-history in online forums of cryptographers and computer scientists. Influential communities like the Extropians and Cypherpunks, advocating for technological solutions for social improvement and privacy, were instrumental in shaping Bitcoin's development.

Technical Lineage and Early Development

Bitcoin’s technical lineage is rich, building upon previous research in distributed systems and financial cryptography. It drew inspiration from digital cash experiments like Hashcash, B-money, and Bit Gold, incorporating public key cryptography for secure, encrypted communication. 

The early days of Bitcoin saw it as an open-source project, attracting significant contributions from a global community of developers. Its first transaction on January 12, 2009, marked the beginning of a new era in transactional currency.

Historical Milestones

  • Bitcoin Pizza Day: The real-world value of Bitcoin was first demonstrated on May 22, 2010, when 10,000 Bitcoins were exchanged for two pizzas, marking a significant milestone in its history as a transactional currency.

  • Mining Industry Evolution: Initially a small-scale activity, Bitcoin mining evolved into a large-scale operation, with the formation of the first mining pool, Slush Pool, in 2010.

  • Silk Road Influence: Bitcoin's association with the Silk Road, an online marketplace infamous for illegal activities, played a pivotal role in its early history.

  • Satoshi's Exit: The departure of Satoshi Nakamoto from the Bitcoin project in April 2011 underscored its decentralized nature.

  • WikiLeaks and Bitcoin: In 2011, WikiLeaks began accepting Bitcoin donations, highlighting its utility as a censorship-resistant currency. 

  • Mt. Gox Incident: The fall of Mt. Gox in 2014, once the largest Bitcoin exchange, raised awareness about the risks of centralized cryptocurrency management.

  • Regulatory Developments: The emergence of regulatory frameworks, such as New York's BitLicense, significantly influenced the cryptocurrency business landscape and adoption.

  • The Lightning Network: Introduced as a solution to Bitcoin's scalability issues, the Lightning Network enables off-chain transactions, improving Bitcoin's transaction capacity.

  • Bitcoin Scaling Wars: The debate around Bitcoin's scalability, especially concerning block size and network decentralization, led to forks like Bitcoin Cash and Bitcoin SV, as well as layer 2s like Stacks and Liquid.

  • Bitcoin Halvings: Crucial to Bitcoin's economic model, halvings reduce the reward for mining new blocks, thus influencing Bitcoin's scarcity and value. Previous halvings occurred in November 2012, July 2016, and May 2020. Each halving event has historically led to increased attention and speculation about Bitcoin's price.

  • Upcoming Bitcoin Halving: The next Bitcoin halving is anticipated around 2024, based on the mining of block #840,000. This event is closely watched by the cryptocurrency community for its potential impact on Bitcoin's price and mining ecosystem.

Historical Price Analysis

2013 Surge and Drop

In 2013, Bitcoin first surged past $1,000, marking its entry into mainstream awareness. However, this was followed by a significant drop, showcasing early volatility.

2017 Spike and 2018 Dip

A landmark year, 2017 saw Bitcoin reach nearly $20,000, driven by a surge in public and investor interest. This peak was short-lived, as 2018 saw a drastic decline, with prices falling below $4,000.

Stabilization in 2019-2020

Beginning 2019 around $3,700, Bitcoin saw gradual growth throughout the year. The pandemic in 2020 initially caused a sharp decline, dropping Bitcoin to about $5,000 in March. However, by the end of 2020, it recovered to close to $29,000, fueled by increasing institutional interest and its role as a digital asset amidst economic uncertainty.

2021 Peak and Fluctuations

The ATH of $69,044 in November 2021 was a significant milestone, reflecting growing mainstream acceptance. However, 2022 began with a downturn, with the price falling to $46,319.65 by January and further to around $16,540.69 by January 2023. As of December 2023, Bitcoin's price hovered around $40,000s, indicating a consolidation phase after the volatile previous year.

How Bitcoin Works

  • Decentralized Network: Operates on a distributed ledger, not controlled by any single entity.

  • Limited Supply: Capped at 21 million coins, preventing inflation.

  • Proof of Work Consensus: Miners solve complex problems to validate transactions and create new blocks.

  • Security: Highly secure, leveraging cryptographic techniques to protect transactions.

  • Peer-to-Peer Transactions: Enables direct transactions between users without intermediaries.

  • Transparency: Every transaction is recorded on the blockchain, visible to all.

  • Global Accessibility: Available to anyone with internet access, regardless of location.

BTC News, Ecosystem, and Highlights

Ecosystem Overview

In 2023, the Bitcoin ecosystem has evolved significantly, incorporating new layers and functionalities that extend beyond its original scope. Notably, Bitcoin has embraced Layer 2 solutions (L2s), decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized exchanges (DEXes), and gaming platforms. These advancements have enriched the Bitcoin ecosystem, offering a variety of decentralized applications (Dapps) that leverage Bitcoin's robust network.

Key Developments and Partnerships

  • DeFi on Bitcoin: With the Taproot upgrade in November 2021, Bitcoin's ecosystem started supporting Dapps, enabling a broader range of DeFi activities. 

  • NFTs and Marketplaces: The introduction of Bitcoin Ordinals has spurred the development of NFTs on the Bitcoin network. Marketplaces such as Gamma and major centralized exchanges like Binance and OKX now support Bitcoin NFTs, enabling the creation, minting, and trading of these digital assets.

  • Bitcoin Wallets: The rise of Ordinals has also led to the development of new Bitcoin wallets capable of distinguishing between standard and inscribed Satoshis (Ordinals). Notable examples include UniSat and XDEFI Wallet, offering features like marketplace integration and support for multiple blockchains.

  • Community and Network Support: The Bitcoin ecosystem is supported by a vibrant community of developers, investors, and users. Platforms like Stacks foster community engagement through events, forums, and working groups, contributing to the ongoing development and adoption of Bitcoin-related technologies.

Bitcoin ETF Fever

In 2023, the Bitcoin ETF landscape is marked by significant developments, particularly around spot Bitcoin ETFs. Key players like BlackRock have updated their ETF proposals, notably allowing cash redemptions, to align with the U.S. Securities and Exchange Commission (SEC) requirements. This strategic update by BlackRock, the world's largest asset manager, indicates a strong push for approval in the near future.

Other major institutions, including Fidelity and VanEck, are actively involved in proposing Bitcoin ETFs. These entities often collaborate with major exchanges such as Coinbase to meet the SEC's criteria, particularly the need for surveillance-sharing agreements, which are essential for monitoring and deterring market manipulation.

Despite these developments, the SEC remains cautious, having denied all previous spot Bitcoin ETF applications due to fraud concerns. The debate continues over whether the existing Bitcoin market is sufficiently regulated and large enough to support a spot Bitcoin ETF. The role of exchanges like Coinbase, recognized as significant players in the crypto market, is also crucial in this context.

The efforts to establish Bitcoin ETFs, including both spot and futures variants, are pivotal in integrating the cryptocurrency market with traditional financial systems. The decisions by regulatory bodies like the SEC will significantly influence the inclusion of Bitcoin in diverse investment portfolios.

Frequently Asked Questions about BTC

1. Beyond its market dominance, what makes Bitcoin uniquely valuable compared to other cryptocurrencies?

Bitcoin's first-mover advantage and widespread adoption grant it unparalleled legitimacy and stability. Its decentralized nature and limited supply (21 million coins) foster trust and long-term value appreciation. While newer cryptos may offer faster transactions or specialized DeFi features, Bitcoin remains the digital gold standard, a secure store of value in a volatile market.

2. Does Bitcoin have any real-world uses beyond speculation and investment?

Absolutely! Bitcoin facilitates direct, borderless payments without intermediaries. Businesses have increasingly begun accepting Bitcoin for various services, and individuals use it for international transactions or online purchases. Moreover, the emergence of Layer 2 solutions and DeFi apps on Bitcoin expands its utility into areas like micropayments, lending, and even gaming.

3. What are the environmental concerns surrounding Bitcoin mining and its energy consumption?

Bitcoin's proof-of-work (PoW) consensus mechanism requires significant energy for miners to solve complex problems. This raises concerns about its environmental impact and carbon footprint. However, several initiatives are promoting greener mining practices, such as switching to renewable energy sources and exploring alternative consensus mechanisms like proof-of-stake.

4. How does the upcoming Bitcoin halving in 2024 potentially affect its price and the mining ecosystem?

The halving event will further reduce the reward for miners, creating additional scarcity and potentially driving up Bitcoin's price. This may initially attract more miners, increasing competition and network security. However, the reduced rewards might also incentivize some miners to leave, potentially impacting the network's hash rate.

5. Given the regulatory uncertainties surrounding Bitcoin, what are the potential risks and opportunities for future adoption?

While regulatory concerns and lack of clarity still pose challenges, increasing institutional interest and the growing Bitcoin ecosystem demonstrate promising potential. The approval of Bitcoin ETFs could significantly boost mainstream adoption and integrate Bitcoin into traditional financial systems. However, regulatory oversight remains crucial to address issues like market manipulation and consumer protection.

Bitcoin Price65,972.93 USD
Market Rank#1
Market Cap1,299,592,494,595 USD
24h Volume17,683,640,898 USD
Circulating Supply19,698,875 BTC
Max Supply21,000,000 BTC
Yesterday's Market Cap1,306,147,291,136 USD
Yesterday's Open / Close61,630.39 USD / 66,306.50 USD
Yesterday's High / Low66,397.49 USD / 61,517.27 USD
Yesterday's Change
0.08% ( 4,676.11 USD )
Yesterday's Volume17,107,894,272 USD
Mining Info
Hashing algorithmSHA-256
Pools (known)70
Pools Hashrate641.95 EH/s
Network Hashrate582.95 EH/s
By MiningPoolStats
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