Bitcoin Price Today | Live Bitcoin Price Chart

The current Bitcoin price is $54,335, with a market capitalization of $1,073,270,913,422. The 24-hour trading volume is $17,681,307,846. The BTC to USD price is updated in real-time. Over the past 24 hours, Bitcoin price has changed +0.93%, with a circulating supply of 19.7 million.

Live Bitcoin Price Chart

Bitcoin All-Time High Price

On March 14, 2024, Bitcoin reached an all-time high price of $73,738. The lowest price recorded for Bitcoin was $67.81 on July 06, 2013.

Factors Influencing Bitcoin Price Volatility

• Market Sentiment and Speculation: The Bitcoin market is highly influenced by investor sentiment. Since the market consists largely of individual investors, fluctuations in sentiment can cause significant price changes. Market news, discussions on social media, and statements by celebrities can all significantly impact Bitcoin prices.
• Supply and Demand: The supply of Bitcoin is limited, with a total cap set at 21 million. This fixed supply makes the price sensitive to changes in demand. When market demand suddenly increases or decreases, price volatility becomes more pronounced.
• Market Liquidity: Compared to traditional financial markets, the Bitcoin market has lower liquidity. Lower liquidity means that even relatively small buy or sell orders can have a substantial impact on the price.
• Regulatory and Policy Changes: Changes in government policies and regulations can significantly affect Bitcoin prices. For example, government announcements of bans or restrictions on Bitcoin trading can cause prices to drop, while the introduction of favorable regulations can drive prices up.
• Technological Upgrades and Security Issues: Upgrades to Bitcoin and its underlying blockchain technology, security incidents (such as hacking), and the discovery of major vulnerabilities can all affect investor confidence and market prices.
• Macroeconomic Factors: Global economic conditions, monetary policies (such as decisions by the Federal Reserve), and economic uncertainties (such as geopolitical risks) can all influence Bitcoin prices. Bitcoin is sometimes viewed as a hedge against economic instability, which can drive up prices during times of economic turbulence.

What is Bitcoin?

Bitcoin is a decentralized digital currency proposed by an individual or group of individuals under the pseudonym Satoshi Nakamoto in 2008 and officially launched in 2009. It is a peer-to-peer electronic cash system designed to allow users to conduct transactions directly without intermediaries such as banks or governments.

Key Features

• Decentralization: Bitcoin relies on a distributed network, the blockchain, and is not controlled by any central authority.
• Limited Supply: The total supply of Bitcoin is capped at 21 million, giving it anti-inflationary characteristics.
• Anonymity: While all transactions are publicly recorded on the blockchain, the identities of the parties involved remain anonymous.
• Irreversibility: Once confirmed, Bitcoin transactions cannot be reversed or altered.
• Global Reach: Bitcoin can be traded quickly and securely worldwide without the need for traditional banking systems.

Brief History of Bitcoin

• 2008: Satoshi Nakamoto publishes the Bitcoin white paper.
• 2009: The Bitcoin network goes live with Nakamoto mining the genesis block.
• 2010: The first real-world transaction using Bitcoin occurs (buying pizza).
• 2011: Bitcoin reaches parity with the US dollar for the first time.
• 2013: Bitcoin price surpasses $1,000, attracting significant attention.
• 2013: Major companies like Overstock, Newegg, and Dell start accepting Bitcoin as payment.
• 2017: Bitcoin price approaches $20,000 and experiences a hard fork, resulting in the creation of Bitcoin Cash.
• 2021: In November, Bitcoin price hits an all-time high of over $68,000.
• 2022: Governments and regulatory bodies increase scrutiny and regulation of Bitcoin and other cryptocurrencies.
• January 2024: The SEC approves a Bitcoin spot ETF for listing.
• April 2024: Bitcoin undergoes its fourth halving event.

Frequently Asked Questions About Bitcoin

Learn More About Bitcoin

Official Website: https://bitcoin.org/

White Paper: https://bitcoin.org/bitcoin.pdf

Blockchain Explorer: https://btc.com/

Source Code: https://github.com/bitcoin/bitcoin