Bitcoin: A Complete Overview

Current Status of Bitcoin

Bitcoin (BTC) holds the #1 rank among cryptocurrencies. As of today, its price is $118,728.02, with a daily trading volume of $73.61 billion. In the last 24 hours, Bitcoin has risen slightly by +0.19%. Compared to its highest price in the past 7 days ($120,859.89), it’s down by -1.76%, while it's up +1.98% from its 7-day low of $116,427.99. There are currently 19.9 million BTC in circulation, with a maximum supply capped at 21 million.

---

What is Bitcoin?

Bitcoin is the world’s first cryptocurrency, launched in 2009. It runs on blockchain technology, a decentralized public ledger that records all transactions. Unlike traditional currencies, Bitcoin is not controlled by any government or central bank. Instead, it relies on a Proof of Work (PoW) system to validate and secure transactions.

Bitcoin was introduced by a mysterious creator or group using the name Satoshi Nakamoto, who published the whitepaper on October 31, 2008. Since its launch, Bitcoin has maintained dominance in the crypto space and is considered the most valuable and widely accepted cryptocurrency globally.

---

A Short History of Bitcoin

Bitcoin officially came into existence on January 3, 2009, when Nakamoto mined the first block, known as the Genesis Block. Initially, it was only popular among computer programmers and tech enthusiasts. The first real trading markets for Bitcoin began in July 2010, with its price starting as low as $0.0008 to $0.08 per coin.

Later, Nakamoto handed over development responsibilities to Gavin Andresen, who became the lead developer at the Bitcoin Foundation. Since then, thousands of developers have contributed to enhancing Bitcoin’s code, helping it grow into a widely recognized digital asset. Today, even major companies and countries have started to adopt or hold Bitcoin as part of their financial strategies.

---