$BTC Bitcoin's current price is around $88,548.11-$93,284.14, with a 0.38%-3.43% increase in the last 24 hours. Its market capitalization stands at approximately $1.73 trillion-$1.79 trillion.
*Key Bitcoin Facts:*
- *Decentralized*: Bitcoin operates without central oversight, with transactions validated through cryptography.
- *Blockchain*: A public digital ledger records transactions, making it resistant to manipulation.
- *Supply*: The total supply is capped at 21 million BTC, with around 19.85 million currently in circulation.
- *Mining*: New Bitcoins are created through a process called mining, which involves solving complex mathematical puzzles ¹ ² ³.
*Recent Developments:*
- *Price Predictions*: Some analysts predict Bitcoin's price will exceed $100,000 due to US Treasury buybacks and a weakening dollar.
- *Institutional Interest*: Companies like MicroStrategy and Twenty One Capital are investing in Bitcoin, indicating growing institutional interest ² ¹.
*Market Performance:*
- *24-hour Trading Volume*: $22.2 billion-$40.25 billion
- *All-time High*: $108,268.45 (December 2024)
- *Market Capitalization Rank*: Among the top cryptocurrencies ⁴ ⁵
