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Bitcoin

BTC

BTC to USD Price

$43,747.53

Bitcoin Market Cap

$855.79B

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BTC USD price chart / performance

Data Disclosure
From
Nov 29, 2023
To
Dec 6, 2023

Strategies with BTC

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Returns

Return (24h)
+4.75%
Return (7D)
+15.22%
Return (1M)
+25.19%
Return (1Y)
+156.70%

My Investment

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

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.

Major breakout in $BTC today, hitting new 52-week high of $44k. $ETH following and $TOTAL3 on the verge of a breakout. I'm staying bullish on $ETH but rolling part of position into $QNT to increase a position. Keeping other allocations intact.

One person likes this

Taking some great profit from $NEAR and $BTC.

KV🫅



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2 people like this

15 eur free gift card: 86890WBUCBMX 💪💪💪

As $BTC continues to climb, we take some profits to our favourite alts, as we expect them to follow soon.

4 people like this

$BTC is grinding higher once more.


Alts are lagging today, but no reason to panic, they will follow the king and they will increase in price faster. Trend is still up.


$ETH is consolidating above the previous resistance at 2.1k that is now turning into support. History is on its way to rhyme and the first few months of 2024 could be very good for $ETH .

2 people like this
Avatar
@ICONOMI
19h ago

Brazil's largest bank, Itaú Unibanco, has made a decisive entry into the crypto space by introducing trading services for $BTC and $ETH. This move is not just a leap for Itaú but a significant indicator of traditional financial institutions acknowledging the potential and demand for cryptocurrency.


Itaú's approach, including custody services but not allowing external wallet transactions initially, reflects a cautious yet strategic entry into the crypto market. The bank's reliance on its robust balance sheet for security reassures investors and showcases the evolving synergy between traditional banking and digital assets.


In the broader market, $BTC performance has been remarkable, especially in its decoupling from traditional asset classes. Currently standing at $41,580.88, Bitcoin's resilience amidst a global market retreat highlights its potential as a distinct investment vehicle. This trend is further emphasized by the diminishing correlation coefficients with global shares and gold, suggesting an emerging independent trajectory for cryptocurrencies.


This divergence is also mirrored in the US stock market, where mega-cap tech stocks have experienced a downturn, while $BTC reaches its highest level since April 2022. This contrast in performance underscores the unique factors driving the crypto market, independent of traditional market sentiments.


Looking ahead, the anticipation surrounding the US's approval of its first spot Bitcoin ETFs adds to the positive sentiment. This, coupled with the potential for dialogue with regulators, indicates a maturing market that is increasingly integrating into the mainstream financial ecosystem.

3 people like this

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Bitcoin Price FAQ

What Is the Highest Price of Bitcoin (BTC) in USD?

Bitcoin (BTC) price history shows the highest value of 67,446.95 USD . We recorded this price on November 9, 2021, but we cannot exclude that a higher price was registered before February 17, 2017.

What Is the Lowest Price of Bitcoin (BTC) in USD?
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What Is the Current Price of Bitcoin (BTC) in USD?
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