#MostRecentTrade BTC. commonly refers to Bitcoin, which is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Here are some key aspects of Bitcoin:
* Cryptocurrency: Bitcoin is a type of digital or virtual currency that uses cryptography for security. This means that transactions are verified and secured by complex mathematical algorithms.
* Decentralized: Unlike traditional currencies issued by governments, Bitcoin operates on a decentralized network called a blockchain. This network is distributed across many computers, making it resistant to censorship and single points of failure.
* Blockchain Technology: The backbone of Bitcoin is its blockchain, a public, distributed ledger that records all Bitcoin transactions in a secure and transparent manner. Each block in the chain contains a set of verified transactions, and once a block is added to the chain, it cannot be altered.
* Mining: New Bitcoins are created through a process called "mining." Miners use powerful computers to solve complex computational problems, and in return, they are rewarded with newly minted Bitcoins and transaction fees.
* Limited Supply: The total supply of Bitcoin is capped at 21 million coins. This scarcity is a key factor in its value proposition as a digital form of gold.
* Volatility: The price of Bitcoin can be highly volatile, experiencing significant fluctuations over short periods due to market sentiment, regulatory news, and other factors.
As of Wednesday, May 7, 2025, at approximately 6:40 AM in Bangladesh, the value of 1 Bitcoin is ৳11,807,977.50 (Bangladeshi Taka).
Recent news indicates several interesting developments in the Bitcoin space:
* New Hampshire Adopts Bitcoin Reserve Law: New Hampshire has become the first US state to allow the state treasurer to invest a portion of its portfolio (up to 5%) in Bitcoin and other digital assets meeting specific market capitalization criteria.