#BTC☀️ Bitcoin (BTC) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to send and receive funds without intermediaries. Here's what you need to know:
Key Features:
- Decentralized: Bitcoin operates without central authority control.
- Limited Supply: The total supply is capped at 21 million BTC.
- Proof of Work: Transactions are validated through a computationally intensive process called mining.
- Pseudonymous: Users can make transactions without revealing their identities.
Current Market Status:
- Price: $104,033.33 with a 0.06% increase in the last 24 hours.
- Market Capitalization: $2.06 trillion with a 0.08% increase.
- 24-hour Trading Volume: $46.18 billion with a 4.44% increase.
Bitcoin's Environmental Impact:
- Energy Consumption: Bitcoin mining consumes significant amounts of electricity, sparking debates about its environmental sustainability.
- Renewable Energy: Miners are increasingly using renewable energy sources, with estimates suggesting 40-75% of Bitcoin's energy usage comes from renewables ¹.
Where to Buy Bitcoin:
- Binance: One of the most popular exchanges for buying and trading Bitcoin.
- Coinbase: A trusted platform for buying, selling, and managing cryptocurrencies.
- Other Exchanges: BVOX, CoinW, Bybit, BitMart, and more ² ³.#ETHCrossed2500
