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Bitcoin Overview
Bitcoin Overview
BTC is the first successful decentralized cryptocurrency and the native token of the Bitcoin network. The term “Bitcoin” was first used in a 2008 whitepaper published by an anonymous person or group using the pseudonym Satoshi Nakamoto. A couple of months later, in 2009, Satoshi Nakamoto “mined” the first block on the Bitcoin network, thus launching the world’s first cryptocurrency BTC.
Unlike traditional services (Venmo, PayPal, etc.), the Bitcoin network works without a centralized authority. It facilitates peer-to-peer transactions between users directly, without an intermediary. All Bitcoin transactions are recorded in publicly accessible distributed ledgers, which increases transparency. Additionally, the Bitcoin network is permissionless, pseudo-anonymous, and censorship-resistant.
BTC has a fixed supply of 21 million tokens, of which 90% are currently circulating. All BTC tokens are generated by network participants 'mining' complex mathematical problems based on the decentralized Proof-of-Work (PoW) consensus mechanism. As long as they have the computational power to solve the algorithms, anyone can join the Bitcoin network as a node and collect mining rewards and network fees in BTC.
BTC reached its all-time high of $68,978.64 on November 10, 2021, while its market capitalization crossed $1 trillion during the same time.
Unlike traditional services (Venmo, PayPal, etc.), the Bitcoin network works without a centralized authority. It facilitates peer-to-peer transactions between users directly, without an intermediary. All Bitcoin transactions are recorded in publicly accessible distributed ledgers, which increases transparency. Additionally, the Bitcoin network is permissionless, pseudo-anonymous, and censorship-resistant.
BTC has a fixed supply of 21 million tokens, of which 90% are currently circulating. All BTC tokens are generated by network participants 'mining' complex mathematical problems based on the decentralized Proof-of-Work (PoW) consensus mechanism. As long as they have the computational power to solve the algorithms, anyone can join the Bitcoin network as a node and collect mining rewards and network fees in BTC.
BTC reached its all-time high of $68,978.64 on November 10, 2021, while its market capitalization crossed $1 trillion during the same time.
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Bitcoin Price Chart
BTCBitcoin
$22954.47
Price Change:
Bitcoin Current Price
$22954.47Price Change (24h)
$22.37 (0.10%)24h Low - 24h High
$22,849.33 - $23,504.1724h Volume
$1.14B (49,231.70)Bitcoin Market Cap
$442.54BVolume / Market Cap
0.00257Market Cap Dominance
44253979789700.00%Circulation Supply
19.28MTotal Supply
19.28MMax Supply
21.00MHash rate
29.57T TH/sAll-Time High
$68,978.64(-66.48%)
1-Year Price Return
-38.74%6-Month Price Return
11.62%3-Month Price Return
19.11%1-Month Price Return
42.97%Bitcoin and Blockchain Related Companies
Nvidia
$203.65
$207.65
(1.96% Upside)
22 Buy
5 Hold
1 Sell
Strong Buy
-13.22%
premium
premium
Tencent Holdings
$52.55
$48.00
(-8.66% Downside)
0 Buy
1 Hold
0 Sell
Hold
-7.59%
premium
premium
Visa
$231.44
$259.65
(12.19% Upside)
19 Buy
1 Hold
2 Sell
Strong Buy
-0.70%
premium
premium
Tesla
$177.90
$191.37
(7.57% Upside)
20 Buy
7 Hold
3 Sell
Moderate Buy
-43.19%
premium
premium
Taiwan Semi
$93.30
$104.00
(11.47% Upside)
4 Buy
1 Hold
0 Sell
Strong Buy
-18.36%
premium
premium
Alibaba
$118.38
$138.53
(17.02% Upside)
16 Buy
0 Hold
0 Sell
Strong Buy
7.85%
premium
premium
Oracle
$88.99
$96.71
(8.68% Upside)
12 Buy
8 Hold
1 Sell
Moderate Buy
14.55%
premium
premium
Accenture
$277.27
$298.00
(7.48% Upside)
3 Buy
3 Hold
1 Sell
Moderate Buy
-16.48%
premium
premium
Honeywell International
$208.13
$220.36
(5.88% Upside)
7 Buy
6 Hold
1 Sell
Moderate Buy
6.50%
premium
premium
International Business Machines
$134.39
$143.56
(6.82% Upside)
2 Buy
5 Hold
2 Sell
Hold
4.88%
premium
premium
Bitcoin News & Analysis
Read the latest Bitcoin news and analysis from the TipRanks news team.
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Crypto News
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Correlations to Bitcoin
ProShares Bitcoin Strategy ETF
0.98
Invesco QQQ Trust
0.76
SPDR Gold Shares
0.77
SPDR S&P 500 ETF Trust
0.71
Coinbase Global, Inc.
0.92
Silvergate Capital Corp.
-0.35
Marathon Digital Holdings, Inc.
0.91
Overstock.Com
0.60
Microstrategy
0.90
Riot Platforms, Inc.
0.83
Correlation shows how closely two variables move in relation to one another. In investing, this relationship is expressed numerically and ranges between -1.0 and 1.0.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
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Leading Cryptocurrencies
Bitcoin
22954.47
$442.54B
Ethereum
1583.13
$193.74B
Ripple
0.41
$40.98B
Litecoin
88.09
$6.35B
Bitcoin Cash
133.14
$2.57B
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Major Stock Indexes
S&P 500
4070.56
Dow Jones Industrial Average
33978.08
Nasdaq 100
12166.60
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Bitcoin FAQ
How can I buy Bitcoin?
There are a few ways you can buy Bitcoin. These include:
- Through a cryptocurrency exchange. There is usually a choice of payment options, including PayPal, credit card, bank transfer, and digital tokens.
- Over the counter (OTC) services. When you buy OTC, you purchase Bitcoin from the service provider, unlike exchanges, which act as a broker between the buyer and the seller.
- At specialized ATMs. These look like traditional ATMs, however, instead of withdrawing cash, they enable you to connect to a Bitcoin wallet or exchange.
Are there different ways to invest in Bitcoin?
You can gain exposure to Bitcoin price without holding it directly. One of the best ways is to invest in stocks that offer exposure to stocks that offer exposure to Bitcoin.
You can invest in digital currency investment products your such as Grayscale Bitcoin Trust (Symbol: GBTC) and Osprey Bitcoin Trust (Symbol: OBTC) through brokerages.
You can invest in digital currency investment products your such as Grayscale Bitcoin Trust (Symbol: GBTC) and Osprey Bitcoin Trust (Symbol: OBTC) through brokerages.
What is the price of one Bitcoin?
The Bitcoin price is $22,954.47 USD
When did Bitcoin start?
The first block in the Bitcoin blockchain was mined on January 3, 2009. Some say that it was established on 31 October 2008, when Satoshi Nakamoto published the Bitcoin whitepaper.
Who created Bitcoin?
Satoshi Nakamoto wrote the “Bitcoin: A Peer-to-Peer Electronic Cash System” whitepaper. However, this name is a pseudonym, and Satoshi’s true identity is unknown. It could be a single person or a group of people. Although many have claimed that they are the real Satoshi, none have provided solid evidence.
How does Bitcoin work?
Bitcoin works through blockchain technology. This has enabled the digital transmission of a peer-to-peer currency without the involvement of brokers, banks, or governments, creating a decentralized currency.
Are Bitcoin transactions traceable?
All Bitcoin transactions are documented on the blockchain. Anyone can go into a blockchain explorer and track any transaction. This doesn't mean that they will know the identity of the people behind the transactions, as transactions on the Bitcoin network are pseudonymous.
How is Bitcoin’s price calculated?
Bitcoin’s price is set by supply and demand.
Can I buy $10 worth of Bitcoin?
Yes, you can. The smallest unit of bitcoin is called Satoshi, and it is equal to 0.00000001 bitcoin or $ 0.0022954 USD as of January 28, 2023.
What was the highest price for 1 Bitcoin?
As of January 28, 2023, the highest price for 1 Bitcoin was $68,978.64 USD on November 10, 2021.
How often does bitcoin price change?
Bitcoin is traded non-stop in many exchanges. Therefore, the price changes all the time.
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Bitcoin Overview
BTC is the first successful decentralized cryptocurrency and the native token of the Bitcoin network. The term “Bitcoin” was first used in a 2008 whitepaper published by an anonymous person or group using the pseudonym Satoshi Nakamoto. A couple of months later, in 2009, Satoshi Nakamoto “mined” the first block on the Bitcoin network, thus launching the world’s first cryptocurrency BTC.
Unlike traditional services (Venmo, PayPal, etc.), the Bitcoin network works without a centralized authority. It facilitates peer-to-peer transactions between users directly, without an intermediary. All Bitcoin transactions are recorded in publicly accessible distributed ledgers, which increases transparency. Additionally, the Bitcoin network is permissionless, pseudo-anonymous, and censorship-resistant.
BTC has a fixed supply of 21 million tokens, of which 90% are currently circulating. All BTC tokens are generated by network participants 'mining' complex mathematical problems based on the decentralized Proof-of-Work (PoW) consensus mechanism. As long as they have the computational power to solve the algorithms, anyone can join the Bitcoin network as a node and collect mining rewards and network fees in BTC.
BTC reached its all-time high of $68,978.64 on November 10, 2021, while its market capitalization crossed $1 trillion during the same time.
Unlike traditional services (Venmo, PayPal, etc.), the Bitcoin network works without a centralized authority. It facilitates peer-to-peer transactions between users directly, without an intermediary. All Bitcoin transactions are recorded in publicly accessible distributed ledgers, which increases transparency. Additionally, the Bitcoin network is permissionless, pseudo-anonymous, and censorship-resistant.
BTC has a fixed supply of 21 million tokens, of which 90% are currently circulating. All BTC tokens are generated by network participants 'mining' complex mathematical problems based on the decentralized Proof-of-Work (PoW) consensus mechanism. As long as they have the computational power to solve the algorithms, anyone can join the Bitcoin network as a node and collect mining rewards and network fees in BTC.
BTC reached its all-time high of $68,978.64 on November 10, 2021, while its market capitalization crossed $1 trillion during the same time.
Crypto News
Correlations to Bitcoin
ProShares Bitcoin Strategy ETF
0.98
Invesco QQQ Trust
0.76
SPDR Gold Shares
0.77
SPDR S&P 500 ETF Trust
0.71
Coinbase Global, Inc.
0.92
Silvergate Capital Corp.
-0.35
Marathon Digital Holdings, Inc.
0.91
Overstock.Com
0.60
Microstrategy
0.90
Riot Platforms, Inc.
0.83
Correlation shows how closely two variables move in relation to one another. In investing, this relationship is expressed numerically and ranges between -1.0 and 1.0.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
Leading Cryptocurrencies
Bitcoin
22954.47
$442.54B
Ethereum
1583.13
$193.74B
Ripple
0.41
$40.98B
Litecoin
88.09
$6.35B
Bitcoin Cash
133.14
$2.57B
Major Stock Indexes
S&P 500
4070.56
Dow Jones Industrial Average
33978.08
Nasdaq 100
12166.60