$BTC Bitcoin (BTC) is a decentralized digital currency that operates without a central authority, allowing peer-to-peer transactions over the Bitcoin network. It utilizes blockchain technology—a public ledger ensuring transparency and security of all transactions. New bitcoins are introduced into circulation through a process called mining, where participants validate transactions and secure the network by solving complex mathematical problems.

As of today, Bitcoin is trading at $89,070.00, reflecting a decrease of 2.60% from the previous close. The day's trading range has seen a high of $91,472.00 and a low of $84,971.00.

Recently, Bitcoin's price experienced a significant surge, surpassing the $100,000 milestone in December 2024. This increase was largely attributed to speculations of a supportive regulatory environment under the then-upcoming Trump administration, leading to heightened institutional investment, particularly in bitcoin-backed ETFs.

In January 2025, Bitcoin reached a new all-time high of $108,099, driven by former President Donald Trump's reelection and his crypto-friendly policies. Financial experts advise caution due to Bitcoin's historical volatility and recommend keeping cryptocurrency allocations to no more than 5% of one's portfolio to manage risks.

More recently, Bitcoin prices soare

d following President Trump's announcement of a U.S. crypto strategic reserve, which includes Bitcoin among other cryptocurrencies. The price peaked at $95,136 before settling above $91,000.