$BTC Bitcoin is a decentralized digital currency that operates without a central authority, allowing peer-to-peer transactions without intermediaries. Here's a snapshot of Bitcoin's current state ¹ ²:
- *Current Price*: $103,431.75, with a 0.91% decrease in the last 24 hours
- *Market Capitalization*: $2.05 trillion
- *24-hour Trading Volume*: $59.16 billion
- *Circulating Supply*: 19.86 million BTC
- *Maximum Supply*: 21 million BTC
*Key Facts:*
- Bitcoin's price has risen 68.36% in the past year and 10.83% year-to-date
- The cryptocurrency saw a significant liquidation event with $32.31 million liquidated in one hour, mainly from long positions
- Financial brokers are currently prohibited from recommending Bitcoin ETFs to clients, but this restriction is expected to change, potentially leading to increased inflows into Bitcoin ETFs
*Where to Buy Bitcoin:*
- Popular exchanges include Binance, Bybit, and BitMart
- Trading pairs like BTC/USDT are available on these platforms
- Binance has a 24-hour trading volume of $2,748,144,227.09 for the BTC/USDT pair
*How Bitcoin Works:*
- Bitcoin operates on a decentralized ledger called the blockchain
- Transactions are verified through a process called mining, which involves solving complex puzzles
- Miners are rewarded with new Bitcoins for validating transactions and adding them to the blockchain ³