$BTC BTC is the abbreviation for Bitcoin, which is the world's first and largest decentralized cryptocurrency. Here's a breakdown of what that means:

* Decentralized: Unlike traditional currencies issued by central banks, Bitcoin operates on a peer-to-peer network without any central authority or intermediary (like a bank). This means transactions are processed and verified by the network participants themselves.

* Cryptocurrency: It's a digital or virtual currency that uses cryptography for security. This makes it very difficult to counterfeit or double-spend.

* Blockchain: Bitcoin transactions are recorded on a public, distributed ledger called a blockchain. This ensures transparency and immutability of transactions.

* Mining: New bitcoins are created through a process called "mining," where powerful computers solve complex mathematical problems to validate transactions and add new blocks to the blockchain. Miners are rewarded with new bitcoins for their work.

* Limited Supply: There will only ever be 21 million Bitcoins created, making it a scarce asset, often compared to "digital gold."

Current Status and Price (as of June 13, 2025):

The cryptocurrency market is currently experiencing a downturn. Bitcoin has seen a price drop of approximately 1.7% to 1.85% over the past 24 hours, falling to around $107,500 - $107,782. In Pakistan, the price of 1 Bitcoin is currently around PKR 29,915,169.59 to PKR 30,149,528.64 (approximately 30 million Pakistani Rupees).

Key things to remember about Bitcoin:

* Volatility: Bitcoin's price is highly volatile and can fluctuate significantly in short periods.

* Investment: While it was initially designed as a medium of exchange, Bitcoin is largely seen as an investment asset and a store of value.

* Regulation: The regulatory landscape for