Bitcoin - BTC Price in USD, Market Cap, Volume (24h), and Ranking
Top 10 Bitcoin Markets
| # | Exchange | Pairs |
|---|---|---|
| 1 | Binance | BTC/FDUSD BTC/USDT |
| 2 | Coinbase | BTC/USD |
| 3 | Bybit | BTC/USDT |
| 4 | OKX | BTC/USDT |
| 5 | UPbit | BTC/KRW |
| 6 | Kraken | XBT/USD |
| 7 | KuCoin | BTC/USDT |
| 8 | Gate.io | BTC/USDT |
| 9 | HTX | BTC/USDT |
| 10 | Bitfinex | BTC/USD |
Bitcoin - A Brief Introduction
Bitcoin - the most commonly known as BTC is a digital Cryptocurrency without any central bank and the single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transaction are verified by network through cryptography and recorded in a public distributed ledger called a Block Chain (Blockchain). Bitcoin currency was invented by the unknown person or group of people using the name Satoshi Nakamoto. Bitcoin currency are created as a kickback for a process as a mining. Bitcoin can be exchanged for other currencies. Bitcoin currency used as an investment, although several regulatory have issued investor alerts about Bitcoin.
A Brief History
Creation
The "Bitcoin.org" domain was register on 18 August 2008. On 3 January 2009, the Bitcoin network was created when Nakamoto mined the first block of the chain, known as the genesis block. This note references a headline published by The Times and has been interpreted as both a timestamp and a comment on the instability caused by Fractional-reserve banking. The receiver of the first Bitcoin transaction was Cypherounk Hal Finney, who create the first reusable proof of work system (RPOW) in 2004. Finney downloaded the Bitcoin software on its release date, and on 12 January 2009 received ten Bitcoin from Nakamoto. Other early cypherpunk supports were created of Bitcoin predecessors: Wei Dai, creator of b-money, and Nick Szabo, creators of Bit gold. In 2010.The first known commercial transaction using Bitcoin occurred two Papa John's pizzas for? 10,000. Blockchain analysts estimate that Nakamoto had mined about one million Bitcoin before disappearing in 2010, when the handed the network alert key and control of the code repository over to Gavin Andresen. Andresen then sought to decentralize control. This left opportunity for controversy to develop over the future development path of Bitcoin, in contrast to the perceived authority of Nakamoto's contributions.
2011-2012
After early “proof-of-concept" transactions, the first major users of Bitcoin were black markets, such as Silk Road. The beginning in February 2011, Silk Road exclusively accepted Bitcoin as payment, transacting 9.9 million in Bitcoin, worth about $21 million.
In 2011, the Bitcoin price started at $0.30 and growing to $5, 27 for the year. The price rose to $31.50 on 8 June. Within a month the price fell to $11.00. The next month price is also fell to $7.80 and in another month the price fell up to $4.77.
In 2012, Bitcoin price started at $5.27 growing to #13.30 for the year. The price had risen up to $7.38 in 9 January, but then crashed by 49% to $3.80 over the next 16 days. On 17 August the rose price is $16.41, but fell by 57% to $7.10 over the next three days.
The Bitcoin Foundation was founded in September 2012 to promote Bitcoin development and uptake.
2013-2016
In 2013, 1 January 2014 price started at $13.30 rising to $770.
In March 2013 the Blockchain temporarily splits into two independent chains with different rules. The two Blockchain operated simultaneously for six hours, each with its own version of the transaction history. When the majority of the network downgraded to version 0.7 of the Bitcoin software the Normal operation was restored. In April, exchanges Bitlanstant and Mt. Gox experienced processing delays returning to $160 within six hours. The Bitcoin price rose to $259 on 10 April and then crashed by 83% to $45 over the next three days. On 15 May 2013, US authorities seized account associated with Mt.
The prices started at $770 and fell to $314 for the year in 2014.
On July 30, 2014, the Wikimedia Foundation started accepting donations of Bitcoin.
The price started at $314 in 2015 and rose to $434 for the year. In 2016 price rose to #998 on 1 January 2017.
2017-2019
On 1 January 2018 price started at $998 in 2017 and rose #13,412.44 on 1 January 2018, after reaching its all-time high of #19,783.06 on 17 December 2017.
China banned trading of Bitcoin, in September 2017 the first step was taken and a complete ban that started on 1 February 2018. Bitcoin price then fell from $9,052 to $6,914 on 5 February 2018. The percentage of Bitcoin trading in the Chinese Renminbi fell from over 90% in September 2017 to less than 1% in June 2018.
Throughout the rest of the first half of 2018, Bitcoin price fluctuated between $11,480 and $5,848. On 1 July 2018, Bitcoin price was #6,343. On January 1, 2019 the price was $3,747, down 72% for 2018 and down 81% since the all-time high.
2020-Present
Some major instiututes & companies started to acquire Bitcoin in 2020. As MircroStrategy company invested 250M US Doallar in Bitcoin. Square, Inc., company invested 50M US Dollar. And MassMutual company 100M US Dollar.
Paypal also added their platform support for Bitcoin in the United States of America in November 2020.
And it was the first time that Bitcoin market capital reached upto 1T US Dollar in Februrary 2021. In the same month of 2021, the Taproot soft-fork also upgraded and activated, support for Schnorr signature was added, and functionality of smart contracts & Lightning Network was also improved. Before that, Bitcoin was using only elliptic curve with ECDSA algorithm for producing signatures. And Bitcoin also became legal tender in EI Salvador in September 2021, along side the US Dollar ($). In the next month; i.e., Octobor 2021, the very first Bitcoin futures Exchange-traded fund (ETF), which called BITO was approved by SEC and also listed on the CME. And it was approved from Proshares.
Between May 2022 and June 2022, Bitcoin price fell by following the collapse of TerraUSD; which is a stablecoin, and the Celsius Network; which is a cryptocurrency load company.
In 2023, ordinals; a not-fungible tokens; which referred as NFTs - on Bitcoin went to live. First US spot Bitcoin ETFs began to trade in January 2024 by offering the direct exposure to Bitcoin on American stock exchanges for the first time.
