The Bitcoin price today is $108,913.93 USD**, with a 24-hour trading volume of **$46.34 billion. Over the past 24 hours, BTC's value has remained stable (0% change). Bitcoin currently has a circulating supply of 19.89 million BTC, with a maximum cap of 21 million BTC.
What Is Bitcoin?
Bitcoin (BTC) is the world’s first cryptocurrency built on distributed ledger technology (blockchain). It operates on a proof-of-work (PoW) consensus mechanism and isn’t backed by any central bank or government. Introduced by the pseudonymous Satoshi Nakamoto in a 2008 whitepaper, Bitcoin remains the largest cryptocurrency by market dominance.
👉 Learn how to buy Bitcoin securely
A Brief History of Bitcoin
Nakamoto mined the first Bitcoin block (Genesis Block) on January 3, 2009. Initially traded among tech enthusiasts, Bitcoin’s value ranged from $0.0008 to $0.08 in early 2010. Nakamoto later transferred network control to developer Gavin Andresen, marking the start of Bitcoin’s open-source evolution. Over the past decade, Bitcoin has gained adoption as a digital asset class, with businesses and even nations incorporating it into financial systems.
How Bitcoin Works
Bitcoin introduced a decentralized currency tracked on a public blockchain ledger. Unlike traditional money, it’s maintained by a global network of participants who:
- Validate transactions via mining (solving complex puzzles).
- Earn BTC rewards for securing the network (PoW algorithm).
- Store identical copies of the transaction history.
👉 Explore Bitcoin’s technical mechanics
What Is Bitcoin Used For?
Bitcoin serves as:
- Digital currency for peer-to-peer transactions.
- Payment method for merchants accepting BTC.
- Investment asset traded globally without intermediaries.
Bitcoin FAQ
❓ What’s Bitcoin’s current value?
As of today, 1 BTC = $108,913.93 USD.
❓ How can I convert Bitcoin to cash?
Use regulated exchanges or peer-to-peer platforms to sell BTC for fiat currency.
❓ How many Bitcoins exist?
The max supply is 21 million BTC (≈19.89 million currently circulating).
❓ Where can I store BTC securely?
Options include hardware wallets (e.g., Ledger) or non-custodial software wallets.
❓ What affects Bitcoin ETF prices?
ETFs track BTC’s market price, influenced by demand, regulations, and macroeconomic trends.
### Key SEO Elements
- **Keywords**: Bitcoin price, BTC value, cryptocurrency, blockchain, Satoshi Nakamoto, PoW, Bitcoin ETF.