#TradersBootcamp Bitcoin (BTC) is the world's first and most widely recognized cryptocurrency. It was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto.
Current Price and Market Data
As of my last update, here are some key market data points for Bitcoin:
- *Current Price*: $43,441 USD [1]
- *Market Capitalization*: $833 billion USD [1]
- *24-Hour Trading Volume*: $34 billion USD [1]
- *Circulating Supply*: 19.3 million BTC [1]
What is Bitcoin?
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries like banks. It's based on a decentralized technology called blockchain, which records all transactions made with Bitcoin.
How Does Bitcoin Work?
Here's a simplified overview:
1. *Mining*: New Bitcoins are created through a process called mining, which involves solving complex mathematical problems.
2. *Blockchain*: All Bitcoin