Bitcoin (BTC) Overview
$109,026.37 | -0.64% (24h)
What is Bitcoin?
Bitcoin (BTC) is the pioneering cryptocurrency, created by Satoshi Nakamoto in 2009. As the most valuable digital asset, it operates without intermediaries, relying on cryptographic technology and network consensus to validate transactions. This decentralized nature enhances security, transparency, and financial autonomy.
Bitcoin's Market Influence
As the flagship cryptocurrency, Bitcoin dictates trends across the crypto market. Its price volatility significantly impacts other digital assets. Despite fluctuations, BTC has consistently rebounded to new highs. Key metrics as of today:
- Price: $109,026.37
- Market Cap: $2.17 trillion
- 24h Range: $108,570.22 - $110,538.50
How Bitcoin Works
Blockchain Technology
Bitcoin transactions are recorded on a public ledger called the Bitcoin Blockchain. Miners validate transactions by solving complex mathematical puzzles (Proof-of-Work), bundling them into blocks added to the chain every ~10 minutes. This ensures:
✔️ Decentralization
✔️ Transparency
✔️ Immutability
Supply Mechanism
- Fixed Supply: Capped at 21 million BTC.
- Halving Events: Occur every 4 years (last in 2024; next ~2028), reducing mining rewards by 50% to control inflation.
Buying & Storing Bitcoin
Where to Buy BTC
👉 Buy Bitcoin securely on OKX
Popular options include:
- Exchanges: Centralized (e.g., OKX) or decentralized platforms.
- P2P Markets: Direct transactions with sellers.
Storage Solutions
Use a BTC wallet like Cryptomus (offers 2FA, KYC, multi-device support) for secure management.
Bitcoin's Utility
- Digital Gold: Hedge against inflation.
- Payment Method: Cross-border transactions.
- Institutional Asset: Portfolio diversification.
FAQ
What drives Bitcoin's volatility?
Price depends solely on supply-demand dynamics, influenced by:
- Market sentiment
- Regulatory news
- Institutional activity
How is Bitcoin mined?
Miners compete to solve PoW puzzles, earning BTC rewards + transaction fees.
Why is Bitcoin called "decentralized"?
No central authority controls it; transactions are peer-to-peer.
What was Bitcoin's all-time high?
$111,990.33 (vs. initial price of $0.0486).
Explore More with Cryptomus
| Service | Benefit |
|---|---|
| TRX Staking | Earn 20% annual interest. |
| Cryptomus Exchange | Low-fee trading tools. |
| AML Checks | Secure transaction screening. |
👉 Join Cryptomus Telegram for updates
Note: This article is for informational purposes only. Cryptocurrency investments carry risks.
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