What is Bitcoin and BTC?

 What is Bitcoin and BTC?

What is Bitcoin and BTC

Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without relying on intermediaries such as banks or financial institutions. It was introduced in 2009 by an anonymous individual or group operating under the name Satoshi Nakamoto.

All Bitcoin transactions are recorded on a public ledger known as the blockchain, which provides transparency, security, and immutability. Because of its fixed supply of only 21 million coins and its growing acceptance as a long-term asset, Bitcoin is often referred to as “digital gold.” It is widely used for online payments, investment purposes, and international money transfers.

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Bitcoin (BTC) Price Today

The live price of Bitcoin is $91,079.12 per BTC/USD, with a total market capitalization of $1,801.79 billion USD. The 24-hour trading volume stands at $81.90 billion USD. Bitcoin prices are updated in real time, and BTC has increased by 3.47% in the last 24 hours, with a circulating supply of 19.78 million BTC.

What does BTC mean?

Bitcoin is the world’s most popular and valuable cryptocurrency. Launched in 2009 by the pseudonymous creator Satoshi Nakamoto, Bitcoin introduced a decentralized digital payment system that operates without intermediaries such as banks. As the first cryptocurrency, Bitcoin set the foundation for thousands of altcoins and marked a major milestone in the evolution of blockchain technology and digital finance.

Why Is the Bitcoin Price So Volatile?

Because trading volume is lower, large buy or sell orders can cause significant price swi News coverage, social media trends, influential opinions, and regulatory announcements can quickly impact investor confidence, leading to short-term price fluctuations. Uncertainty surrounding government policies and global economic conditions also affects supply and demand dynamics.

Another major factor is Bitcoin’s fixed supply. Only 21 million bitcoins will ever be created, making it a scarce asset. In addition, large holders of Bitcoin—often referred to as “whales”—can significantly influence the market when they move substantial amounts of the cryptocurrency.

When Was Bitcoin Created?

 It is built on a decentralized, peer-to-peer network powered by blockchain technology, allowing users to send and receive payments securely without relying on intermediaries such as banks.

How Does Bitcoin Work?

When Is the Next Bitcoin Halving?**
Predicting the exact date of the next halving is difficult because it depends on when a specific block height is reached. Since Bitcoin halvings occur every 210,000 blocks, the next halving is expected to happen in 2028. Typically, a halving takes place about every four years and reduces the block reward given to miners.

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Does Bitcoin Halving Affect BTC’s Price?**

So far, Bitcoin’s price movement following the fourth halving has not been particularly dramatic. Many analysts believe this is because the cryptocurrency market is now far more mature than it was during earlier halvings. Current global economic conditions may also be contributing to the relatively stable price action. In addition, factors such as market sentiment, regulatory changes, and major global events continue to influence Bitcoin’s price.

Bitcoin halving directly affects miners, as the reward for mining new blocks is reduced by half. After the April 2024 halving, the block reward decreased to 3.125 BTC per block. This mechanism was built into the Bitcoin protocol to control supply and support Bitcoin’s role as a deflationary digital asset.

To track upcoming events and learn more about how the process works, you can follow a Bitcoin halving countdown. Bitcoin can be purchased on Binance, where its price is updated and available in real time.