$BTC

Bitcoin (BTC), the first and largest cryptocurrency by market cap, operates on a decentralized blockchain, enabling peer-to-peer transactions without intermediaries. Created in 2009 by Satoshi Nakamoto, it has a fixed supply of 21 million coins, with around 19.7 million in circulation as of May 2025. BTC’s price is volatile, influenced by market demand, investor sentiment, and macroeconomic factors. In 2025, BTC hit an all-time high near $100,000, driven by ETF approvals, institutional adoption, and favorable U.S. policies post-2024 election, though it recently dipped to around $80,000 amid profit-taking.

On Binance, BTC trading dominates, with over 1,200 trading pairs. Spot trading fees are 0.1%, while futures offer up to 75x leverage at 0.02% maker fees. Binance’s BTC markets see billions in daily volume, supported by tools like limit orders and real-time charts. The platform’s P2P feature allows direct BTC-fiat trades, popular in emerging markets.

Regulation impacts BTC’s ecosystem. In the U.S., the SEC treats BTC as a commodity, but tax rules require reporting gains. The EU’s MiCA enforces transparency for BTC transactions, while bans in countries like China limit access. Despite regulatory hurdles, BTC’s role as a store of value and hedge against inflation continues to drive adoption, with Binance’s Pizza Day events highlighting its cultural significance.