$BTC Bitcoin (BTC) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to create new addresses and transact without approval. It uses a public distributed ledger called a blockchain to record transactions, ensuring security and transparency through cryptography. The total supply of bitcoin is capped at 21 million, with around 19.6 million already in circulation. Bitcoin's current price is $96,780, with a market capitalization of $1.90 trillion. Its value fluctuates based on market sentiment, adoption rates and global economic conditions ¹ ².