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Bitcoin

BTC

BTC to USD Price

$41,188.99

Bitcoin Market Cap

$805.94B

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BTC USD price chart / performance

Data Disclosure
From
Dec 4, 2023
To
Dec 11, 2023

Strategies with BTC

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Returns

Return (24h)
-6.03%
Return (7D)
-2.18%
Return (1M)
+11.72%
Return (1Y)
+140.45%

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.

CARUS-AR
12h ago

First correction after a fantastic rise the past months. So far nothing too horrible and a healthy pull back. We are holding the same return this week as $BTC.

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4 people like this

Are you adding bitcoin? So we have a balance in trusted coin like: BTC and ETH and Alt coins like: Cosmos and Polkadot.

Avatar
@ICONOMI
13h ago

The recent 7.5% drop in $BTC price towards $40,000 is a stark reminder of the inherent volatility in the cryptocurrency market. It has since rebounded a few per cent and is currently trading for $42,132.07.


The broader crypto market, including altcoins like $ETH , $XRP, and $ADA, also felt the ripple effect of Bitcoin's decline, shedding about 4% in value. This market movement underscores the interconnected nature of digital assets and the influence of Bitcoin as a market leader.


In the ETF arena, VanEck's recent amendment to its spot Bitcoin ETF application, changing its ticker to $HODL, reflects a blend of crypto culture and strategic marketing. This move, while appealing to a younger demographic familiar with crypto jargon, also highlights the growing interest and competition among major firms like BlackRock and Fidelity in the crypto ETF space.


Furthermore, Britain's M&G Investments leading a $30 million funding round in the crypto derivatives platform GFO-X is a significant development. This investment not only boosts GFO-X's position ahead of its launch but also signals the growing interest in regulated digital asset trading. With the UK's Financial Conduct Authority's backing, GFO-X is poised to offer a regulated marketplace for Bitcoin index futures and options, potentially positioning London as a global hub for crypto asset technology and investment.


Google recently updated its advertisement policy, allowing advertisements for U.S.-based crypto trusts from January 2024. This change coincides with the anticipated approval of spot Bitcoin ETFs in the United States, potentially heralding a new era of mainstream crypto advertising. By permitting ads for cryptocurrency coin trusts, which are likely to include ETFs, Google is opening up a vital channel for crypto-related financial products to reach a broader audience.


The requirement for advertisers to be Google-certified, ensuring compliance with local laws and regulations, underscores the tech giant's commitment to responsible advertising in this evolving sector.

4 people like this

As the markets corrected, we took profits in $MINA and bought back $BTC and $SOL at lower prices.


We took some profits in $INJ as well and added to our $ETH position.

4 people like this
Diversitas
14h ago

2/3


Meanwhile, things are getting ready for the ETF approval. Google updated the ‘crypto’ ad policy ahead of the approval so BlackRock, Fidelity, VanEck, and others will be able to spend big money on advertising🤔 $BTC


ETF approval odds just moved to 99.99%😉

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15 people like this

Dear valued clients,

We would like to inform you that on December 11, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.


The current active DAA structure will be as follows:

$BTC

$INJ

$SOL

$AVAX

$ADA

$NEAR

$MINA

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2 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?
How to buy Bitcoin (BTC)?
What Is the Current Price of Bitcoin (BTC) in USD?
Is Bitcoin (BTC) a good investment?