$BTC Bitcoin is a decentralized digital currency that operates without central authority or banks, utilizing peer-to-peer technology to facilitate transactions and manage the issuance of bitcoins collectively by the network. Here are some key details:

*Current Status:*

- *Current Price*: $103,925.99 USD, with a 2.02% decrease in the last 24 hours

- *Market Cap*: $2.08 trillion USD

- *24-hour High*: $106,172.06 USD

- *24-hour Low*: $102,345.00 USD

*Key Features:*

- *Fast peer-to-peer transactions*: Enables quick and efficient transactions

- *Worldwide payments*: Allows for global transactions with low processing fees

- *Low processing fees*: Compared to traditional payment systems

- *Decentralized*: Operates without central authority or banks

- *Open-source*: Bitcoin's design is public, and everyone can participate

*How it Works:*

- *Blockchain technology*: Records all transactions on a public distributed ledger

- *Mining process*: New blocks are created every 10 minutes, validating transactions and securing the network

- *Private keys*: Users need to keep their private keys secret to prevent theft

Bitcoin has been around since 2009 and has gained popularity as an investment and form of payment. Some countries, like El Salvador, have even adopted it as legal tender. However, its price can be volatile, and environmental concerns have been raised regarding its mining process.