$BTC Bitcoin's current price is $99,079.37, with a 2.57% increase over the last two days, reaching a high of $99,419 and a low of $95,784.61. Here's a brief overview ¹:
- *Market Capitalization*: $1.88 trillion
- *Exchange*: Traded on platforms like Binance
- *Currency*: US Dollar (USD)
- *Blockchain Technology*: Bitcoin operates on a decentralized peer-to-peer network, recording transactions on a public ledger called a blockchain
- *Mining Process*: Transactions are validated through proof-of-work, 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
Some key aspects of Bitcoin include ²:
- *Decentralized Nature*: Bitcoin operates without central authority, allowing users to create new addresses and transact without approval
- *Security*: Transactions are secured through cryptography, making it difficult for unauthorized users to spend others' bitcoins
- *Adoption*: Bitcoin's adoption has grown over the years, with some countries like El Salvador adopting it as legal tender
- *Volatility*: Bitcoin's price can fluctuate rapidly due to market sentiment, adoption rates and global economic conditions
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