$BTC Bitcoin (BTC) is a decentralized cryptocurrency with a current price of $103,138.82, showing a 4.38% increase. Here's a brief overview:
*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
Bitcoin's market capitalization is $1.93 trillion, with a circulating supply of 19,591,231 BTC. Its decentralized nature and limited supply make it an attractive investment option.¹ ²