Today's Bitcoin Price Summary
Bitcoin's price today is $26,490.00 USD, with a 24-hour trading volume of $7,159,900,415 USD. BTC
is down -0.45% in the last 24 hours. Bitcoin is currently ranked #1 with a
market capitalization of $516,188,403,939 USD.
Bitcoin is the world's first successful decentralized cryptocurrency and payment system, launched in 2009 by a mysterious creator known only as Satoshi Nakamoto. The native currency of the Bitcoin network, called Bitcoin (BTC), has revolutionized digital payments by allowing users to securely transfer money without having to rely on central authorities or intermediaries.
The Bitcoin network is powered by a decentralized peer-to-peer network, where users can exchange bitcoins without needing an intermediary. This public ledger uses a technology known as "blockchain" to record and order all transactions securely and immutably. To ensure that consensus is reached amongst users on the validity of each transaction, computers in the network use a process called proof-of-work (PoW).
Miners validate transactions and secure the network by running specialized machines all day, for which they are rewarded with new bitcoins. Bitcoin miners prioritize transactions with higher fees attached to them as this helps to cover their costs of electricity and maintenance. Every time a user sends a transaction, they must pay a network fee based on the size of their transaction before it can be queued for validation.
As we move into an increasingly digitized world where more people are relying on online payment systems for daily needs, understanding how Bitcoin works is essential in order to stay ahead of the curve with emerging technologies. With its revolutionary potential still largely untapped, there’s no telling what this innovative system may offer us next!
What type of cryptocurrency is Bitcoin?
The BTC token on the Bitcoin network is classified as a type of Currency.
What is Bitcoin All-Time High price (ATH)?
On November 10th, 2021 02:24:11 PM, Bitcoin hit a historic high of $69,045.00 USD.
It has been about 1 year ago since Bitcoin reached its peak.
What is Bitcoin All-Time Low price (ATL)?
On July 6th, 2013 12:00:00 AM, Bitcoin reached a bottoming price of $67.81 USD.
About 10 years ago has passed Bitcoin has seen such a low price.