$BTC As of approximately 1:45 PM IST on May 8, 2025, the price of Bitcoin (BTC) is around $98,900, which is approximately ₹8,460,000.

Key Points:

Price Performance: Bitcoin has shown positive momentum recently, with a gain of around 2-3% in the last 24 hours and the past week. It is currently trading just below the psychological threshold of $100,000.  

Market Capitalization: The global cryptocurrency market capitalization is currently around $3.17 trillion, with Bitcoin's dominance being approximately 66%. Bitcoin's individual market cap is around $1.93 - $1.96 trillion.

Recent News:

Bitcoin is nearing the $100,000 milestone, driven by the Federal Reserve maintaining stable interest rates and optimism surrounding potential trade deals.  

Bitcoin ETFs are experiencing record inflows, indicating growing institutional adoption.  

Bhutan has partnered with Binance Pay to allow tourists to spend Bitcoin and other cryptocurrencies.  

Emarat, a UAE-based petroleum company, is partnering with Crypto.com to introduce cryptocurrency payment services at its gas stations.  

Bitcoin's "realized cap" has hit a record high, suggesting continued accumulation.  

Bitcoin Halving: The most recent Bitcoin halving occurred on April 20, 2024, reducing the block reward for miners to 3.125 BTC. Historically, halvings have often been followed by periods of price appreciation due to the reduced rate of new supply entering the market. The next halving is expected to occur around 2028.  

General Information about Bitcoin:

Bitcoin is the first decentralized digital currency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto.  

It operates on a technology called blockchain, a distributed public ledger that records all Bitcoin transactions.  

Bitcoin's supply is capped at 21 million coins, designed to create scarcity.  

Bitcoins can be divided into smaller units called satoshis (1 BTC = 100,000,000 satoshis).