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

Bitcoin

BTC

BTC to GBP Price

£52,331.24

Bitcoin Market Cap

£1.03T

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BTC GBP price chart / performance

BTC GBP price chart / performance

From
Jun 8, 2024
To
Jun 15, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
-0.93%
Return (7D)
-4.07%
Return (1M)
+4.83%
Return (1Y)
+165.54%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Bitcoin (BTC) History and Overview

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. The live Bitcoin to GBP conversion is £ 52,324.81.

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. The current price of 1 BTC in GBP is £ 52,324.81. But you do not need to buy a whole Bitcoin; you can buy a very small fraction of it.

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.

1/6


Morning update:


Yesterday the price dropped below our trackline but managed to close above it. As mentioned many times in the past, in a bull market the close below the trackline happens very rarely so we are confident that this may be the local bottom. We saw a big volume candle near the lows suggesting that many liquidations took place. Big volume candles are usually a bottom sign so we should be moving up next week. Not worried for now but need a strong bounce next week! $BTC

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12 people like this

3/6


ETFs saw another big outflow day. Again, this could be viewed as a sign of capitulation as $189 million left the ETFs🤔 Something similar happened a few weeks ago when we were trading below $60k👀 $BTC

10 people like this

5/6


Meanwhile, MicroStrategy increased their target for the raise to $700 million. They will start bidding next week👀 $BTC


https://www.microstrategy.com/press/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes_06-14-2024

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11 people like this

6/6


Lastly, zooming out on a weekly chart, we are still in a parabolic trend. For this to stay relevant, an impulsive move should follow in the coming weeks🤔 $BTC


Have a great weekend and we will be back with you on Monday!

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12 people like this
Avatar
@ICONOMI
23h ago

This week, the crypto market has been buzzing with critical updates and developments. Here are the key highlights:


Ethereum ($ETH) ETFs: Nearing full approval by the SEC, signaling potential growth in institutional investment.


EU MiCA Standards: Finalized for crypto firms, providing a comprehensive regulatory framework in the European Union.


Bitcoin ($BTC): Facing bearish trends amid the Federal Reserve's hawkish stance.


Biden's Campaign: Considering accepting crypto donations, indicating a more open stance towards cryptocurrency.


NHS: Addressing the rising issue of Bitcoin trading addiction among young men in the UK, pushing for stricter regulations.


For detailed insights and more information, visit our blog. 👉 HERE

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2 people like this

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Bitcoin Price FAQ

What Is the Highest Price of Bitcoin in GBP?

Bitcoin price UK history shows the highest value of 56,968.75 GBP . We recorded this price on March 14, 2024, but we cannot exclude that a higher price was registered before May 19, 2017.

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