$BTC BTC is the widely recognized ticker symbol for Bitcoin, the world's first decentralized digital currency.

Here's a breakdown of what that means:

Decentralized: Unlike traditional currencies (like USD or INR) which are controlled by central banks and governments, Bitcoin operates on a peer-to-peer network. This means there's no single authority controlling it. Transactions are verified and recorded by a network of computers around the world.

Digital Currency (Cryptocurrency): Bitcoin exists solely online. It's a type of cryptocurrency, meaning it uses cryptography (advanced encryption) to secure transactions and control the creation of new units.

Blockchain Technology: Bitcoin is built on a technology called blockchain. This is a public, distributed ledger that records all Bitcoin transactions in a secure and immutable way. Each "block" of transactions is linked to the previous one, forming a "chain."

Scarcity: There will only ever be a maximum of 21 million Bitcoins created. This limited supply is a key factor in its value proposition, often leading it to be compared to "digital gold." New Bitcoins are introduced into circulation through a process called "mining."

Mining: Bitcoin mining involves powerful computers solving complex mathematical problems to verify and add new transaction blocks to the blockchain. Miners who successfully do this are rewarded with new Bitcoins (though the reward halves approximately every four years in an event called "halving").

Uses: Bitcoin can be used for:

Transactions: Sending and receiving payments directly between users without intermediaries.

Investment: Many people hold Bitcoin as an investment, seeing it as a store of value or a speculative asset.

Remittances: Sending money across borders, often with lower fees and faster speeds than traditional banking.

Current Price (as of June 20, 2025, 2:16 PM IST):

1 Bitcoin (BTC) is approximately 91,84,514.47 Indian Rupee (INR).

1 Bitcoin (BTC) is approximately 106,089.50 United States Dollar (USD).

Factors Influencing Bitcoin's Price: