BTC

Bitcoin price

BTC
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$57,418.40

-$350.8 (-0.61%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$1,085.46B
Volume (24h)
$37.54B
Circulating supply
18,887,381

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BTC/USDT
₮57,418.40$57,418.40
-0.61%
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About Bitcoin (BTC)

Bitcoin is a decentralized peer-to-peer network and the leading digital currency in terms of overall market size. Bitcoin was first proposed via a 2008 white paper authored by a pseudonymous programmer or a group of programmers, known as Satoshi Nakamoto. The network went live on Jan. 3, 2009.

The Bitcoin network itself comprises thousands of distributed nodes that independently verify transactions made using BTC. Unlike all previous payment networks, Bitcoin functions without reliance on a central authority.

Bitcoin miners group BTC transaction data and record it in blocks. Each block is cryptographically linked to the previous block, creating a chain — known as a blockchain. This linkage ensures previously recorded data is incredibly resistant to change.

In the years since its launch, Bitcoin has attracted increasing mainstream interest. Today, there are an estimated 100 million Bitcoin users, and tens of thousands of merchants accept BTC payments worldwide.

The growth of Bitcoin adoption as a means of payment, a money transfer system or a savings vehicle has seen the BTC price and market capitalization increase significantly. In February 2021, the total value of all BTC in circulation passed $1 trillion for the first time.

BTC price and tokenomics

The BTC price is based on supply and demand. However, unlike national currencies, the BTC supply doesn't increase or decrease in response to changing demand. The protocol itself enforces a maximum total supply of 21 million coins.

New BTC enters circulation each time a miner adds a block of transactions to the blockchain. Initially, this block reward was 50 BTC. After every 210,000 blocks — or, roughly, every four years — issuance of this mining reward is automatically cut in half. The most recent Bitcoin halving event, which took place in May 2020, reduced the block reward to 6.25 BTC. These reductions will continue until all 21 million BTC are in circulation at some point around the year 2140.

With the supply known and limited, changes in demand determine the current Bitcoin price. If buying pressure outweighs selling pressure, the price increases. If sellers outnumber buyers, the BTC price falls.

Over Bitcoin's existence, demand for a censorship-resistant, permissionless payment solution has trended upward. So, too, has the Bitcoin price. However, sudden sell-offs create price volatility. This volatility has made BTC very popular with traders. Meanwhile, Bitcoin's finite supply has encouraged a growing number of individuals, corporations and institutions to invest in BTC as a store-of-value asset.

About Bitcoin's founder

Satoshi Nakamoto's identity remains a mystery to this day. Between October 2008 and mid-2010, the programmer didn't reveal much personal information at all.

What Nakamoto's emails and forum posts do show is a strong disdain for central banking. The currency system Nakamoto created reflects this, too. No entity can censor Bitcoin transactions, nor alter either the network's rate of issuance or its maximum supply.

In Bitcoin's infancy, Nakamoto was one of its only miners. The creator is believed to have personally mined around 1 million coins. At the current Bitcoin price, Nakamoto's coins are worth tens of billions of dollars. The fact that these coins have never moved lends support to theories that Nakamoto has either lost access to these wallets or has passed away.

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Bitcoin FAQ
How do you get BTC?

You can get hold of BTC in a couple of different ways:

1: Mining
2: Being paid in BTC
3: Buying BTC

For most people, using OKEx to buy BTC will be the easiest option. Not everyone's boss will agree to pay them in BTC, and mining involves huge upfront spending on hardware.

Buying BTC on OKEx couldn't be easier. Not only will you deal with a highly secure, feature-rich exchange platform, but you're also sure to get the best USDT/BTC price, too.

How does Bitcoin work?

At its core, Bitcoin is a distributed ledger used to record transactions between users. This ledger is stored on thousands of computer systems around the world.

Unlike a traditional transaction ledger, no central authority controls Bitcoin. Instead, computer systems, known as miners, compete to solve a computationally intensive task. Whichever miner solves the task first can add a block of transactions to the blockchain. After each block is added, miners compete again for the right to add the next block.

Known as proof-of-work, this mining process ensures that all participants converge on a single transaction history — without reliance on a central authority.

How can I buy Bitcoin?

OKEx allows users to buy and sell BTC via its easy-to-use, secure exchange platform. If you don't have an account at OKEx already, signing up only takes a few minutes. Once registered, you'll not only have access to a world-leading cryptocurrency exchange that's loaded with cutting-edge features, but you'll also receive a generous welcome bonus, too.

If you already have an account at OKEx, it's even easier to buy BTC. Just sign in, select the amount of BTC you want to buy and confirm your transaction. You'll get the best BTC price, and your purchase will appear in your OKEx wallet in seconds.

Is Bitcoin legal?

Holding, buying and selling BTC is perfectly legal in almost every jurisdiction around the world. BTC is not prohibited in any of the markets OKEx provides services to.

That said, the legal classification of BTC varies between countries. A handful of jurisdictions treat it as a form of currency. Others classify BTC as property. These distinctions often have implications with regard to taxation.

How do you invest in Bitcoin?

Investing in Bitcoin is easy. OKEx provides its users with a couple of options. Firstly, you can use our quick trade feature to instantly buy and sell BTC. We recommend this method to our newest users.

Advanced users can invest in Bitcoin via OKEx's world-class exchange platform. There, you can fine tune your BTC investment or trading strategy using limit and stop orders. Finally, high net worth and institutional Bitcoin investors can buy BTC via our OTC trading desk.

Whatever your circumstances, OKEx's diverse product suite makes investing in Bitcoin quick and easy.

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Bitcoin price statistic

Price today
Bitcoin price
$57,418.40
Price change (24h)
-$350.8
-0.61%
Low and high (24h)
$55,896.90Low
$59,184.60High
Volume (24h)
$37.54B
Circulating supply
18,887,381
Market cap
$1,085.46B

Found any mistakes?

Bitcoin FAQ
How do you get BTC?

You can get hold of BTC in a couple of different ways:

1: Mining
2: Being paid in BTC
3: Buying BTC

For most people, using OKEx to buy BTC will be the easiest option. Not everyone's boss will agree to pay them in BTC, and mining involves huge upfront spending on hardware.

Buying BTC on OKEx couldn't be easier. Not only will you deal with a highly secure, feature-rich exchange platform, but you're also sure to get the best USDT/BTC price, too.

How does Bitcoin work?

At its core, Bitcoin is a distributed ledger used to record transactions between users. This ledger is stored on thousands of computer systems around the world.

Unlike a traditional transaction ledger, no central authority controls Bitcoin. Instead, computer systems, known as miners, compete to solve a computationally intensive task. Whichever miner solves the task first can add a block of transactions to the blockchain. After each block is added, miners compete again for the right to add the next block.

Known as proof-of-work, this mining process ensures that all participants converge on a single transaction history — without reliance on a central authority.

How can I buy Bitcoin?

OKEx allows users to buy and sell BTC via its easy-to-use, secure exchange platform. If you don't have an account at OKEx already, signing up only takes a few minutes. Once registered, you'll not only have access to a world-leading cryptocurrency exchange that's loaded with cutting-edge features, but you'll also receive a generous welcome bonus, too.

If you already have an account at OKEx, it's even easier to buy BTC. Just sign in, select the amount of BTC you want to buy and confirm your transaction. You'll get the best BTC price, and your purchase will appear in your OKEx wallet in seconds.

Is Bitcoin legal?

Holding, buying and selling BTC is perfectly legal in almost every jurisdiction around the world. BTC is not prohibited in any of the markets OKEx provides services to.

That said, the legal classification of BTC varies between countries. A handful of jurisdictions treat it as a form of currency. Others classify BTC as property. These distinctions often have implications with regard to taxation.

How do you invest in Bitcoin?

Investing in Bitcoin is easy. OKEx provides its users with a couple of options. Firstly, you can use our quick trade feature to instantly buy and sell BTC. We recommend this method to our newest users.

Advanced users can invest in Bitcoin via OKEx's world-class exchange platform. There, you can fine tune your BTC investment or trading strategy using limit and stop orders. Finally, high net worth and institutional Bitcoin investors can buy BTC via our OTC trading desk.

Whatever your circumstances, OKEx's diverse product suite makes investing in Bitcoin quick and easy.