#BinanceAlphaAlert Bitcoin (BTC) as of Thursday, May 15, 2025, at approximately 6:32 PM PKT:
Current Price:
* Approximately $101,699 - $104,286 USD. The price varies slightly across different exchanges.
* In Pakistani Rupees, this is approximately 28,932,121.50 PKR.
Market Capitalization:
* Around $2.02 Trillion - $2.07 Trillion USD. Bitcoin remains the largest cryptocurrency by market capitalization.
24-Hour Price Change:
* Showing a decrease in the last 24 hours, ranging from approximately -0.54% to -2.04%.
24-Hour Trading Volume:
* Approximately $43.54 Billion - $63.05 Billion USD.
Circulating Supply:
* Approximately 19.86 - 19.87 Million BTC. This represents about 95% of the maximum possible supply.
Maximum Supply:
* Capped at 21 Million BTC.
All-Time High:
* Approximately $109,026 - $109,356 USD, reached on or around January 20, 2025.
Historical Performance:
* 1 Day: Down by approximately 0.54% - 2.04%.
* 1 Week: Up by approximately 1.97% - 6.92%.
* 1 Month: Up by approximately 18.89% - 23.68%.
* 1 Year: Up by approximately 55.93% - 65.93%.
Bitcoin Dominance:
* Bitcoin currently makes up approximately 64% of the total cryptocurrency market capitalization.
Key Concepts about Bitcoin:
* Decentralization: Bitcoin operates on a peer-to-peer network, meaning no single entity controls it, unlike traditional currencies controlled by central banks.
* Blockchain Technology: All Bitcoin transactions are recorded on a transparent and distributed ledger called the blockchain. This ensures security and immutability.
* Limited Supply: The fixed supply of 21 million coins is a key characteristic that contributes to its scarcity and potential as a store of value.
* Divisibility: Bitcoin can be divided into smaller units called satoshis (1 BTC = 100,000,000 satoshis), making it usable for transactions of any size.
* Mining: New bitcoins are created through a process called mining, which involves solving complex computational problems to validate and add new blocks of transactions to the blockchain.
