Back to Cryptocurrencies

See the live Bitcoin price UK. Buy Bitcoin in the UK or add it to your Crypto Strategy.

Bitcoin

BTC

BTC to GBP Price

£34,419.83

Bitcoin Market Cap

£673.39B

See all buy/sell options

BTC GBP price chart / performance

Data Disclosure
From
Dec 1, 2023
To
Dec 8, 2023

Strategies with BTC

View all

Returns

Return (24h)
-1.13%
Return (7D)
+13.76%
Return (1M)
+20.96%
Return (1Y)
+149.41%

My Investment

Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:

Bitcoin (BTC) History and Overview

Bitcoin is the first and most popular digital currency - a cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority.

Bitcoin refers to both the software protocol as well as to the digital asset, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside the traditional financial system. You can buy and sell BTC for other cryptos alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.

Satoshi Nakamoto, a mysterious person (or group of people), launched Bitcoin in 2009. What sets it apart is that it's completely decentralized, meaning no single entity controls it. Instead, a network of computers, known as miners, maintains and validates transactions.

Bitcoin mining creates new bitcoins in the form of block rewards. The process verifies transactions on the blockchain. Miners earn Bitcoin as a reward for completing "blocks" of verified transactions and adding them to the blockchain.

It has a maximum total supply of 21 million, which means that there can only be 21 million in circulation. However, the number of issued Bitcoins will likely never reach 21 million. That is because of the use of rounding operators in the codebase.

You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." You can store them in a digital wallet.

You can send parts of a Bitcoin to pay for things. You can also trade it for other crypto assets. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.

All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They validate transactions by solving complex math problems and receive new bitcoins as a reward for their efforts.

Key Points to Remember

  • Bitcoin was the first big player in the crypto game, and it's still the largest by market value.
  • Unlike traditional money, it exists on a decentralized network called a blockchain.
  • Its value has had a roller-coaster ride, experiencing dramatic ups and downs over the years.
  • Because of the digital asset's success, countless other cryptos have sprung up, increasing the use of blockchain technology.
  • You can buy Bitcoin on several cryptocurrency exchanges.

How To Buy Bitcoin or Add it to your Strategy

The fastest, most convenient way to purchase Bitcoin is to purchase it on ICONOMI. We check Bitcoin live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Bitcoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Bitcoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bitcoin, we recommend you read the next section, as copying might be a better approach.

Add Bitcoin to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bitcoin in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Bitcoin BTC. See all Bitcoin price predictions in real time and make the best use of their crypto knowledge.

1/4


Morning update:


As expected, Bitcoin started to cool off a bit. So far, this looks like a healthy correction and we continue to print green dots above the trackline🟢$BTC

Post image
11 people like this

What do you think about Terra?

@Diversitas thanks for your updates! Which line is the "trendline" and what does it indicate? Can you elaborate a bit on this graph and dots? Thanks

3/4


Looking at Google Trends, we can see that the number of searches for Bitcoin is starting to move up but is far from the pick levels seen in the last bull market. This clearly shows that the party is just getting started😉 $BTC

Post image
13 people like this

Took profits from $TIA and $RUNE. Loaded up on $SOL and $NEO as they look ready for a big move. $ETH has a lot of lost ground against $BTC to make up for but we still think our alts will outperform ETH.

One person likes this

We've bet heavyly on $ETH following $BTC in this strong upmove. Although we were slightly too early in that trade, we see signs that the tide is turning and it's time for The Queen to run. Today the $BTC value of $ETH shot up from the supportzone and shows relative strength. $ETH is above resistance at 2.1k as well and consolidated above that resistance. We think we are very early in the $ETH trade.


With our 30% in $ETH and 7.5% in $LDO we are well positioned for an $ETH rally. We are only 15% in $BTC right now because we are selling our $BTC in this strenght. Should $BTC push to 48k, we would even lower it to 10% but we will never go below ten percent.


Once $ETH and the alts take over, this aggressive positioning could pay-off massively. We will take those alt-profits back to $BTC (and maybe to $PAXG and a stblecoin as well, when market become overheated.).

For now we stay 100% in the markets, enjoying the bullrun.

One person likes this
CARUS-AR
16h ago

Great to see $ETH dominance vs $BTC schoot up. After Bitcoin leading the uptrend we now see Ethereum starting to outperform.


In previous bull markets for crypto we saw money first flowing to Bitcoin, then Ethereum and after that ALTS, let's hope and see if history repeats or at least rihmes.

Post image
7 people like this

Ready to start your journey with us?

Trusted by over 100,000 users from around the world.

Create Free Account

Other Top Cryptocurrencies

Bitcoin Price FAQ

What Is the Highest Price of Bitcoin in GBP?

Bitcoin price UK history shows the highest value of 49,667.13 GBP . We recorded this price on November 9, 2021, but we cannot exclude that a higher price was registered before May 19, 2017.

What Is the Lowest Price of Bitcoin in GBP?
How to buy Bitcoin in the UK?
What Is the Current Bitcoin Price UK in GBP?
Is Bitcoin a good investment?