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1 BTC = 38,733.54 USD
Last updated 2023-12-02 08:50:30(UTC-0)

Bitcoin price live data summary

The live price of Bitcoin is $38,733.54 per (BTC / USD) today with a current market cap of $757.58B USD. The 24-hour trading volume is $19.14B USD. BTC to USD price is updated in real time. Bitcoin is +1.09% in the last 24 hours. It has a circulating supply of 19,558,750 .

What is the highest price of BTC?

BTC has an all-time high (ATH) of $68,789.63, recorded on 2021-11-10.

What is the lowest price of BTC?

BTC has an all-time low (ATL) of $65.53, recorded on 2013-07-05.

When is a good time to buy BTC? Should I buy or sell now?

When deciding whether to buy or sell BTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BTC technical analysis can provide you with a reference for trading.
According to the BTC 4h technical analysis, the trading signal is Strong buy.
According to the BTC 1d technical analysis, the trading signal is Strong buy.
According to the BTC 1w technical analysis, the trading signal is Strong buy.

Bitcoin price performance in USD

24h7d30d90d1yAll-time
+1.09%+2.47%+9.71%+49.66%+128.24%+62639932.00%

Bitcoin price history in USD

TimeLowHigh
24h$38,249.34$38,954.11
7d$36,750.13$38,954.11
30d$34,133.44$38,954.11
90d$24,930.3$38,954.11
1y$16,398.14$38,954.11
All-time$65.53(2013-07-05, 10 years ago )$68,789.63(2021-11-10, 2 years ago )

Bitcoin market information

Market capCombinedShapeIcon
$757,579,515,407.92
+1.09%
Fully diluted market capCombinedShapeIcon
$813,404,221,822.27
+1.09%
Volume (24h)CombinedShapeIcon
$19,144,644,984.17
-2.31%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+100.00%
24h volume / market capCombinedShapeIcon
0.0252
Circulating supplyCombinedShapeIcon
19,558,750 BTC
Total supply / Max supplyCombinedShapeIcon
19,558,750 BTC
21,000,000 BTC
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Bitcoin ratings

Average ratings from the community
5
100 ratings
This content is for informational purposes only.

Bitcoin Social Data

In the last 24 hours, the social media sentiment score for Bitcoin was 0, and the social media sentiment towards Bitcoin price trend was Bearish. The overall Bitcoin social media score was 642,391,707, which ranks 1 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 693,510 times, with Bitcoin being mentioned with a frequency ratio of 31.99%, ranking 1 among all cryptocurrencies.

In the last 24 hours, there were a total of 9,363 unique users discussing Bitcoin, with a total of Bitcoin mentions of 221,840. However, compared to the previous 24-hour period, the number of unique users increase by 39%, and the total number of mentions has decrease by 4%.

On Twitter, there were a total of 12862 tweets mentioning Bitcoin in the last 24 hours. Among them, 50% are bullish on Bitcoin, 5% are bearish on Bitcoin, and 45% are neutral on Bitcoin.

On Reddit, there were 0 posts mentioning Bitcoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Bitcoin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
642.39M(#1)
Social contributors(24h)
9.36K
+39%
Social mentions(24h)
221.84K(#1)
-4%
Social dominance(24h)
31.99%
Twitter
Tweets(24h)
12.86K
+60%
Twitter sentiment(24h)
Bullish
50%
Neutral
45%
Bearish
5%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Bitcoin

This information is from the internet and is not for use as investment advice. If you see any problems, kindly provide your feedback.

What Is Bitcoin?

In 2008, a groundbreaking paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published by an anonymous author known as Satoshi Nakamoto. This paper laid out the fundamental principles of Bitcoin, presenting it as a decentralized digital currency that allows for peer-to-peer transactions. A year later, in 2009, Satoshi Nakamoto mined the first "block" of the Bitcoin blockchain and received 50 bitcoins as a reward, marking the official launch of Bitcoin.

What sets Bitcoin apart from traditional currencies like the U.S. dollar is its lack of a centralized authority. Unlike fiat currencies, which are issued and regulated by governments and managed by financial institutions, Bitcoin operates without any centralized control. There are no banks to manage accounts, no institutions to verify transactions, and no governments issuing the currency.

Instead, Bitcoin relies on a global network of thousands of computers to validate and record transactions. These network nodes use advanced cryptographic techniques to verify transactions, which are then added to a publicly accessible, distributed ledger known as the blockchain. This decentralized approach allows anyone to participate in the Bitcoin ecosystem, contributing to its security and transparency.

Resources

Whitepaper: https://bitcoin.org/bitcoin.pdf

Official website: https://bitcoin.org/en/

How Does Bitcoin Work?

Bitcoin is a revolutionary financial system underpinned by decentralized verification, cryptographic security, and mathematical principles. Unlike traditional banking systems, which are centralized, Bitcoin relies on a network of nodes to validate and record transactions on a public ledger known as the "blockchain."

The Role of Blockchain in Bitcoin Transactions

In essence, a blockchain is a continuously growing chain of blocks containing transaction details. Each block has a cryptographic hash of the previous block, serving as a unique and irreversible fingerprint. This chain ensures data integrity, thwarting any attempts to alter previous transaction records.

When Sender A transfers Bitcoin to Receiver B, this transaction is publicly recorded on the blockchain, making details like the sender, receiver, and the amount of Bitcoin transferred accessible to anyone. The blockchain system eschews the need for a centralized institution; instead, it offers rewards in Bitcoin to those who validate these transactions.

Secure and Transparent Transactions Through Proof-of-Work

The Bitcoin blockchain employs a consensus mechanism called "Proof-of-Work" (PoW) to safeguard its integrity. PoW requires participants, known as miners, to solve complex mathematical problems in order to validate transactions and add them to the blockchain. This proof system ensures that all transactions on the blockchain are legitimate.

A Practical Example: How Alice Sends Bitcoin to Bob

For instance, let's consider Alice wants to send 1 BTC to her friend Bob. To complete this transaction, several conditions must be met:

- Verification of Alice's solvency to ensure she owns sufficient Bitcoin.

- Recording the transaction details in the blockchain, accessible to every participant in the Bitcoin network.

Miners, who are distributed globally and equipped with varying degrees of computing power, compete to solve the complex mathematical problem related to Alice's transaction. The first miner to crack it gains the privilege of adding the transaction to the blockchain. As a reward for this computational effort, the miner receives newly minted Bitcoins.

Bitcoin As A Store Of Value

A Digital Store of Value Comparable to Gold

Bitcoin has cemented its status as a digital store of value, drawing parallels with gold, a traditional store of value. Like gold, Bitcoin boasts a finite supply—only 21 million bitcoins will ever exist. This scarcity makes it an attractive asset for individuals and institutions looking to preserve wealth and hedge against inflation or economic uncertainty.

Unlike fiat currencies such as the US dollar or euro, which are governed by central banks and state authorities, Bitcoin operates in a decentralized environment. This autonomy frees it from governmental oversight, inflationary measures, and political manipulation. In other words, it offers users complete control over their assets—a feature highly valued in the cryptocurrency realm.

What Makes Bitcoin Valuable?

Bitcoin goes beyond being just a digital currency; it fulfills the four essential criteria that define money:

- Scarcity (Rare): With its fixed supply of 21 million coins, Bitcoin's rarity is encoded in its algorithm.

- Medium of Exchange: Accepted by a growing number of merchants and platforms, Bitcoin facilitates the buying and selling of goods and services.

- Unit of Account: Though not yet as stable as traditional currencies, Bitcoin is increasingly used to represent the value of other assets.

- Store of Value: Its decentralized nature and scarcity make it a long-term preservation of wealth.

Given these attributes, Bitcoin has earned its nickname as "digital gold," standing as a reliable store of value in a rapidly evolving financial landscape.

What Is Bitcoin Mining?

Bitcoin mining plays a pivotal role in both creating new bitcoins and validating transactions on the network. This process relies on miners who utilize specialized hardware to solve complex mathematical equations—known as Proof-of-Work (PoW)—in a decentralized manner.

In the nascent stages of Bitcoin, ordinary computers sufficed for mining activities. However, the escalating complexity of the cryptographic puzzles and the growing network have made specialized hardware imperative. Application-Specific Integrated Circuits (ASICs) are now the go-to hardware for miners who are serious about their operations.

Presently, mining is often centralized in large-scale enterprises and mining pools. These entities contribute massive computational power, thereby maintaining the security and integrity of the Bitcoin blockchain. In return, they receive newly minted bitcoins and transaction fees as rewards.

When is the Next Bitcoin Halving?

Approximately every four years, or after 210,000 blocks are mined, the Bitcoin network undergoes a critical event known as a "halving." This halving cuts the mining rewards in half, effectively decreasing the rate of new Bitcoin entering the market. These events have historically acted as catalysts for significant price movements and are closely watched by investors, traders, and miners alike.

The Bitcoin network has undergone three halvings to date: in 2012, 2016, and 2020. Each of these milestones has ignited an economic frenzy, sending Bitcoin's price to new heights. After the 2012 halving, Bitcoin's price went from around $12 to over $1,100 within a year. The 2016 halving event saw Bitcoin’s price surge from $650 to a staggering $20,000 in 2017. The most recent 2020 halving set the stage for Bitcoin's remarkable ascent to nearly $69,000 in 2021.

Looking ahead, the next Bitcoin halving is set for 2024 and is already generating buzz within the crypto community. Miners are preparing for their rewards to decrease from 6.25 to 3.125 Bitcoin per block. While it's impossible to predict the exact impact with certainty, historical data suggests that a contraction in supply, against a backdrop of consistent or increasing demand, could potentially ignite another crypto market bull run.

External factors such as regulatory changes and technological advancements can also influence the market, adding layers of complexity to any predictions.

Crypto analysts and enthusiasts are actively debating the likely outcomes of the 2024 Bitcoin halving, with many believing it could serve as the catalyst for the next major surge in the cryptocurrency market. This belief is fueled by the market's cyclical nature and its propensity to skyrocket post-halving. For example, the total cryptocurrency market capitalization stood at approximately $10 billion around the 2016 halving and ballooned to over $800 billion by the end of 2017. In a similar vein, the total market cap catapulted from roughly $250 billion in May 2020 to a jaw-dropping $2.5 trillion in May 2021 following the 2020 halving.

If past performance is any indicator, the period following the 2024 Bitcoin halving could be a transformative time for the crypto market at large. As always, it's essential to keep an eye on external market factors and tread cautiously, given the inherently volatile nature of cryptocurrencies.

The Transformative Impact of Bitcoin on Financial Systems

Decentralizing the Financial Landscape

Bitcoin, the pioneering digital currency, has fundamentally altered the landscape of traditional finance by offering a decentralized alternative to conventional banking and payment systems. With the capacity to enable rapid, cost-effective, and borderless transactions, Bitcoin has become indispensable for international remittances and global trade, circumventing the lengthy processing times and exorbitant fees associated with mainstream financial institutions.

Driving Innovation in Financial Products and Services

The rise of Bitcoin has also spawned a plethora of financial innovations, ranging from cryptocurrency exchanges that facilitate the buying and selling of digital assets, to digital wallets designed for secure storage and easy access to cryptocurrencies. Furthermore, Bitcoin's underlying blockchain technology has given birth to decentralized finance (DeFi) platforms. These platforms offer decentralized lending, borrowing, and asset management, broadening the scope for financial inclusion and enabling individuals around the world to access financial services without the need for intermediaries.

Expanding Financial Inclusion and Empowerment

Bitcoin has not just reshaped finance for the privileged few but has opened up new vistas for financial empowerment and inclusion worldwide. Even those without access to traditional banking systems can leverage Bitcoin and its affiliated services to partake in global commerce, invest in assets, and even secure loans. This increased accessibility makes Bitcoin a driving force in leveling the financial playing field globally.

Conclusion

Bitcoin has proven itself to be more than just a digital currency; it's a revolutionary force that's redefining our approach to money and finance. As a decentralized, secure digital asset, Bitcoin allows individuals unprecedented control over their financial transactions and wealth management. With its finite supply and growing adoption rates, it is steadily gaining acceptance not just as a medium of exchange but also as a credible store of value. In summary, Bitcoin continues to disrupt traditional financial systems while simultaneously offering a more inclusive and empowering alternative.

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How to buy Bitcoin (BTC)

Buying Bitcoin on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Bitcoin (BTC) .

Trade BTC perpetual futures

After having successfully signed up on Bitget and purchased USDT or BTC tokens, you can start trading derivatives, including BTC futures and margin trading to increase your income.

The current price of BTC is $38,733.54, with a 24h price change of +1.09%. Traders can profit by either going long or short onBTC futures.

Join BTC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BTC tokens, you can also start copy trading by following elite traders.

Bitcoin news

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Cardano founder: BTC was extremely centralized in its early days

Cointime2023/12/02 13:33
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The total market value of cryptocurrencies exceeds 1.5 trillion US dollars, a new high for the year

Cointime2023/12/02 12:48
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Chainlink has integrated Scroll’s BTC/USD on-chain price feed information

Cointime2023/12/02 10:57
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Jack Dorsey supports BTC mining pool Ocean filtering ordinal inscription

Cointime2023/12/02 10:24
profileImg

The U.S. SEC met with 8 Bitcoin spot ETF applicants including Grayscale at the end of November

Cointime2023/12/02 08:33

People are also inquiring about the price of Bitcoin.

What is the current price of Bitcoin?

We update our Bitcoin to USD price in real time. Get the live Price of Bitcoin on Bitget.

What is the 24 hour trading volume of Bitcoin?

Over the last 24 hours, the trading volume of Bitcoin is $19.14B.

What is the all-time high of Bitcoin?

The all-time high of Bitcoin is $68,789.63. This all-time high is highest price for Bitcoin since it was launched.

Can I buy Bitcoin on Bitget?

Yes, Bitcoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Bitcoin guide.

Can I get a steady income from investing in Bitcoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Bitcoin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Who is the creator of Bitcoin?

Bitcoin was created by an unknown person or group of people using the pseudonym Satoshi Nakamoto.

What is the current value of 1 Bitcoin (BTC) in USD?

To find the current value of 1 Bitcoin (BTC) in USD, you can check on Bitget website and app, which offer real-time price updates for Bitcoin. The value of Bitcoin is influenced by factors like supply and demand, market sentiment, and other variables. To get the most accurate and real-time BTC to USD conversion rates, use the Bitget Calculator.

What is the history of Bitcoin's price?

When Satoshi Nakamoto released the Bitcoin whitepaper, the coin was virtually worthless. It remained largely obscure for the first five years, trading for negligible amounts. An iconic moment in Bitcoin's early history is the Bitcoin Pizza Day, celebrated every May 22nd. On this day in 2010, a man in Florida purchased two pizzas for 10,000 BTC, marking the first commercial transaction using Bitcoin. By 2013, Bitcoin reached the US$1,000 milestone, which even led to the debut of a Bitcoin ATM in Vancouver. However, many skeptics wrote off Bitcoin as a fleeting trend. These naysayers were taken by surprise in 2017 when Bitcoin's price skyrocketed to over US$20,000, providing a 20-fold return in less than a year and achieving a market cap surpassing US$1 billion. This meteoric rise drew extensive media coverage and spurred a wave of retail investment in the cryptocurrency. Throughout its existence, Bitcoin has faced its share of critics predicting its decline. Yet, the digital asset defied these expectations, reaching a record value of US$69,000 in 2021. Today, Bitcoin stands as the most recognized and heavily cryptocurrency in the world.

What determines the price of Bitcoin?

The price of Bitcoin is determined by various factors, primarily its characteristics as a currency and its acceptance in the market. To be considered a legitimate currency, Bitcoin should exhibit characteristics such as scarcity, divisibility, acceptability, portability, durability, and uniformity. Bitcoin meets the criteria for portability, durability, and uniformity due to its digital nature. It's also highly divisible with its smallest unit, a Satoshi, representing one millionth of a Bitcoin. The key value drivers for Bitcoin's price are its scarcity and its growing acceptability. The initial surge in Bitcoin's price, or the first bull run, began in 2013, marking the start of its mass adoption. This growing demand, coupled with the fact that Bitcoin mining is not accessible to everyone due to its cost, limits its supply, emphasizing Bitcoin's scarcity aspect. The desire for decentralization in recent years has further boosted Bitcoin's appeal since it remains unaffected by governmental regulations. In summary, the main factors determining Bitcoin's price are its inherent scarcity and its increasing acceptance in the market.

What is the Bitcoin supply over the years?

Bitcoin was designed with a hard supply limit of 21 million coins, a decision stemming from the long-term vision of its creator. By August 2023, approximately 92.71% of this supply, or 19,469,518 Bitcoin, has been mined. This near completion of mining denotes a significant juncture in the currency's timeline. However, it's essential to note that not all of these mined Bitcoins are in circulation. An estimated 4 million Bitcoins are believed to be out of circulation due to various reasons: - Wallet owners have either permanently lost their private keys or did not leave access instructions for their heirs. - Some accidentally or intentionally burned their BTC by sending them to an unusable address - The creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, holds about 1.1 million Bitcoin. This vast amount has remained untouched for over a decade, suggesting that Satoshi might never spend or move these funds. Furthermore, a large number of "whale" Bitcoin holders remain inactive, even during multiple bullish markets since 2017. With over 40% of BTC unmoved, this behavior reinforces the scarcity value of Bitcoin, providing substantial support for its price. The inherent scarcity of Bitcoin, combined with the active loss and dormancy of a sizable portion, amplifies its attractiveness as a store of value and potential for price appreciation.

How can I buy Bitcoin?

If you're interested in becoming a part of the Bitcoin ecosystem, one of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards, via bank transfer, via peer-to-peer transactions, or even in-person purchases. Alternatively, you can deposit funds into your Bitget account and use them to purchase cryptocurrencies, including Bitcoin. Once you have Bitcoin, you can use it for a variety of purposes, including crypto purchases, investment, or even as a means of transferring value across borders without the need for traditional financial institutions. Consider investing in Bitcoin (BTC)? It only takes 2 minutes to register an account on Bitget and start trading Bitcoin.
Cryptocurrency investments, including buying Bitcoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Bitcoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Bitcoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Bitcoin technical analysis

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