$BTC /USDT, which represents the trading pair of Bitcoin against Tether, a stablecoin pegged to the US dollar. The chart displays the price of Bitcoin over a period of time, with the current price at $108,654.96. It also shows the 24-hour high, low, and trading volume.
Bitcoin is a decentralized digital currency that operates without the need for a central authority like a bank or government. It utilizes blockchain technology, a distributed ledger secured by cryptography, to record transactions. Bitcoin was created in 2009 as a way for people to send money over the internet without intermediaries. The supply of bitcoins is limited to 21 million, which prevents the erosion of value that can occur with traditional currencies.
Cryptocurrency exchanges allow users to trade cryptocurrencies for other assets, including fiat currencies or other digital currencies. The image shows a snapshot of the Bitcoin price on a trading platform.
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