#CEXvsDEX101 The term "BTC market" generally refers to the market where Bitcoin is traded. Here's a breakdown of what that entails:
Key Aspects of the BTC Market:
* Trading: Bitcoin is bought and sold on various platforms, including cryptocurrency exchanges. These exchanges facilitate the matching of buy and sell orders. Examples of major exchanges include Binance, Coinbase, OKX, and Kraken.
* Price: The price of Bitcoin fluctuates based on supply and demand, market sentiment, news, and macroeconomic factors. You can find the current price on many financial websites and cryptocurrency exchanges.
* As of today, May 30, 2025, the price of Bitcoin is around $106,000 - $109,000 USD. However, this is constantly changing.
* Market Capitalization: This is the total value of all circulating Bitcoin. It's calculated by multiplying the current price of Bitcoin by the number of coins in circulation. Bitcoin typically has the largest market capitalization among all cryptocurrencies.
* Currently, the market capitalization of Bitcoin is over $2.1 trillion USD.