$BTC Bitcoin, abbreviated as BTC, is a decentralized cryptocurrency that operates on a peer-to-peer network. Here's a brief overview of its current state and key aspects:

*Current State*

- *Current Price*: $94,448.01

- *Market Cap*: $1.89 trillion

- *Percent Change*: -0.20%

*Key Aspects*

- *Blockchain Technology*: Bitcoin uses a distributed ledger called a blockchain to record transactions, ensuring security and transparency through cryptography.

- *Decentralized Nature*: Bitcoin operates without a central authority, allowing users to create new addresses and transact without approval.

- *Mining Process*: Transactions are validated and blocks are created through a proof-of-work mechanism, requiring significant computational power and specialized hardware.

- *Supply Limit*: The total supply of bitcoin is capped at 21 million, with around 19.6 million already in circulation.

*History and Development*

- *Origin*: Bitcoin was invented in 2008 by an unknown entity named Satoshi Nakamoto and released as open-source software in 2009.

- *Adoption*: El Salvador adopted bitcoin as legal tender in 2021, and the US has approved spot bitcoin ETFs, offering direct exposure to bitcoin ¹.