$BTC Bitcoin (BTC) is a decentralized cryptocurrency with a current price of $98,835.74, showing a 2.39% increase. Here's a brief overview¹:
- *Key Features:*
- *Decentralized*: Operates without central authority or single administrator
- *Blockchain*: Records transactions in a public distributed ledger
- *Mining*: Validates transactions and creates new blocks using proof-of-work consensus mechanism
- *Limited Supply*: Total supply capped at 21 million BTC
- *Usage:*
- *Investment*: Seen as a store of value and investment opportunity
- *Transactions*: Used for cross-border payments and online transactions
- *Adoption*: El Salvador has adopted Bitcoin as legal tender
- *Market:*
- *Market Capitalization*: $1.88 trillion
- *Trading*: Available on various cryptocurrency exchanges, including Binance