$BTC Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without intermediaries like banks. It's built on blockchain technology, ensuring transparency, immutability, and security. With a limited supply of 21 million coins, Bitcoin's scarcity contributes to its value. As the first cryptocurrency, Bitcoin has become a widely recognized store of value and investment asset.
*Current Bitcoin Price:*
- $117,567.70 USD (decreasing by -0.22% since yesterday)
- $113,187.97 USD (up 2.02% in the last 24 hours, according to another source)
- Market capitalization: $2.34 trillion USD
*Key Features:*
- *Decentralized*: No single entity controls Bitcoin.
- *Secure*: Transactions are validated through Proof of Work (PoW) consensus mechanism.
- *Transparent*: Transactions are recorded on a public blockchain.
- *Limited Supply*: Only 21 million Bitcoins will ever exist.
*Uses:*
- *Investment*: Bitcoin is seen as a hedge against inflation and economic instability.
- *Payments*: Bitcoin can be used for online transactions.
- *Store of Value*: Bitcoin's scarcity and security make it attractive for storing value ¹ ².