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Cryptocurrencies:  6,281Markets:  24,811Market Cap:  $363,900,198,45424h Vol:  $81,030,436,345BTC Dominance:  60.8%
Market Cap:  $363,900,198,45424h Vol:  $81,030,436,345BTC Dominance:  60.8%Cryptocurrencies:  6,281Markets:  24,811

Bitcoin (BTC)

$12,006.14 USD (2.27%)
1.00000000 BTC (0.00%)
Buy
Exchange
Gamble
Earn Crypto
  • Market Cap
    $221,589,655,323 USD
    18,456,356 BTC
  • Volume (24h)
    $20,278,107,497 USD
    1,688,978 BTC
  • Circulating Supply
    18,456,356 BTC
  • Max Supply
    21,000,000 BTC
  • Historical data for Bitcoin

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Mar 01, 2020
    8,599.76
    8,726.80
    8,471.21
    8,562.45
    35,349,164,300
    156,238,987,740
    Feb 29, 2020
    8,671.21
    8,775.63
    8,599.51
    8,599.51
    35,792,392,544
    156,895,988,084
    Feb 28, 2020
    8,788.73
    8,890.46
    8,492.93
    8,672.46
    44,605,450,443
    158,211,707,019
    Feb 27, 2020
    8,825.09
    8,932.89
    8,577.20
    8,784.49
    45,470,195,695
    160,238,496,932
    Feb 26, 2020
    9,338.29
    9,354.78
    8,704.43
    8,820.52
    50,420,050,762
    160,879,489,024
    Feb 25, 2020
    9,651.31
    9,652.74
    9,305.02
    9,341.71
    42,515,259,129
    170,369,581,558
    Feb 24, 2020
    9,921.58
    9,951.75
    9,537.04
    9,650.17
    45,080,496,648
    175,977,808,526
    Feb 23, 2020
    9,663.32
    9,937.40
    9,657.79
    9,924.52
    41,185,185,761
    180,963,233,540
    Feb 22, 2020
    9,687.71
    9,698.23
    9,600.73
    9,663.18
    35,838,025,154
    176,180,696,548
    Feb 21, 2020
    9,611.78
    9,723.01
    9,589.74
    9,686.44
    40,930,547,513
    176,587,087,363
    Feb 20, 2020
    9,629.33
    9,643.22
    9,507.90
    9,608.48
    44,925,260,237
    175,147,142,158
    Feb 19, 2020
    10,143.80
    10,191.68
    9,611.22
    9,633.39
    46,992,019,710
    175,585,931,679
    Feb 18, 2020
    9,691.23
    10,161.94
    9,632.38
    10,142.00
    47,271,023,953
    184,838,512,656
    Feb 17, 2020
    9,936.56
    9,938.82
    9,507.64
    9,690.14
    45,998,298,413
    176,585,280,987
    Feb 16, 2020
    9,889.18
    10,053.97
    9,722.39
    9,934.43
    43,374,780,305
    181,017,665,264
    Feb 15, 2020
    10,313.86
    10,341.56
    9,874.43
    9,889.42
    43,865,054,831
    180,179,996,219
    Feb 14, 2020
    10,211.55
    10,322.00
    10,125.53
    10,312.12
    43,338,264,162
    187,862,645,449
    Feb 13, 2020
    10,323.96
    10,457.63
    10,116.16
    10,214.38
    49,356,071,373
    186,065,003,526
    Feb 12, 2020
    10,202.39
    10,393.61
    10,202.39
    10,326.05
    43,444,303,830
    188,081,204,386
    Feb 11, 2020
    9,855.89
    10,210.05
    9,729.33
    10,208.24
    37,648,059,389
    185,917,114,989
    Feb 10, 2020
    10,115.56
    10,165.77
    9,784.56
    9,856.61
    39,386,548,075
    179,494,809,266
    Feb 09, 2020
    9,863.89
    10,129.44
    9,850.39
    10,116.67
    35,807,884,663
    184,214,765,394
    Feb 08, 2020
    9,793.07
    9,876.75
    9,678.91
    9,865.12
    35,172,043,762
    179,615,828,322
    Feb 07, 2020
    9,726.00
    9,834.72
    9,726.00
    9,795.94
    34,522,718,159
    178,339,437,206
    Feb 06, 2020
    9,617.82
    9,824.62
    9,539.82
    9,729.80
    37,628,823,716
    177,118,274,394
    Feb 05, 2020
    9,183.42
    9,701.30
    9,163.70
    9,613.42
    35,222,060,874
    174,983,423,933
    Feb 04, 2020
    9,292.84
    9,331.27
    9,112.81
    9,180.96
    29,893,183,716
    167,093,636,162
    Feb 03, 2020
    9,344.68
    9,540.37
    9,248.63
    9,293.52
    30,934,096,509
    169,126,861,034
    Feb 02, 2020
    9,389.82
    9,468.80
    9,217.82
    9,344.37
    30,835,736,946
    170,034,976,662
    Feb 01, 2020
    9,346.36
    9,439.32
    9,313.24
    9,392.88
    25,922,656,496
    170,900,662,180

About Bitcoin

What Is Bitcoin?

Bitcoin is a completely decentralized digital cryptocurrency. Unlike US dollars that you can hold in your hand (or in your bank account), there is no central authority or centralized payment system controlling Bitcoin. Instead, Bitcoin operates in a peer-to-peer network that allows anyone in the world to send and receive Bitcoin without any middleman (like a bank, central bank or payment processor).

Although there are thousands of cryptocurrencies ranked on CMC today, Bitcoin was the very first cryptocurrency ever created. On Oct. 31, 2008 a person (or group of people) under the pseudonym “Satoshi Nakamoto” published the now-world famous Bitcoin white paper.

The first line reads: “A purely peer-to-peer version of electronic cash, which would allow online payments to be sent directly from one party to another without going through a financial institution.”

The Bitcoin network then launched on Jan. 3, 2009, marking the start of the cryptocurrency revolution.

How Does Bitcoin Work?

Bitcoin is a purely decentralized digital currency, which makes it unlike any other asset that came before it.

Before the digital age, everyone transacted in physical forms of currencies, from livestock and salt, to silver and gold, and finally to banknotes. Only in recent times was money “digitized” — allowing bank accounts to exist online, as well as creating the many online payment processing platforms, such as PayPal and Square, that you often use today without thinking about it.

However, all of these “digital transactions” require a centralized system to operate. Your bank, or financial services like PayPal, needs to ensure that all of their users’ accounts are constantly updated and tallied correctly. These systems represent the centralized form of digital money.

Bitcoin revolutionized digital money by decentralizing this accounting process. Instead of a central figure that is responsible for making sure that their users’ transactions were always adding up, Bitcoin works by sharing the account balances and transactions of every user across the globe in a pseudonymous form. In simplest terms, this means that anyone can download and run the free and open-source software required to participate in the Bitcoin protocol.

As a Bitcoin user, all you need to know to send Bitcoin to someone else is their Bitcoin address (a series of letters and numbers, not their name or any personal information!). By sending your Bitcoin to an address, what you are doing is broadcasting your transaction (Hi, I’m Alice sending 1 BTC to Bob!) across the Bitcoin network using blockchain technology (more about that below). Since the Bitcoin network has the most up-to-date ledger tracking Alice’s wallet balance, the system checks her wallet balance (i.e., Alice has 2 BTC in her wallet, so a transaction of 1 BTC to Bob is valid), and then completes the transaction.

In summary, Bitcoin works by ensuring that this shared ledger always tallies up, and that new Bitcoin transactions (Bob sends 2 BTC back to Alice. Go Alice!) are validated, recorded and then added to the ledger in order. That is the heart of blockchain technology, where new “blocks of information” are added to the chain of blocks that already exist.

How Does Bitcoin Mining Work?

“Mining” refers to the act of adding new blocks to the blockchain. In simple terms, Bitcoin miners dedicate significant amounts of computing power to solve a cryptographic problem, which is basically a very complex puzzle. The successful miner that solves the puzzle before all the other miners gets rewarded with a “block reward,” which is an allocation of a predetermined number of Bitcoin. In some cases, the block rewards are awarded to mining pools, when miners group together to share resources.

Once the puzzle is solved, the block is “confirmed,” and it is added to the blockchain. This new information is sent to all nodes, aka participants in the Bitcoin protocol, and the shared ledger is updated once again.

As Bitcoin's price rises, the block reward becomes increasingly more attractive. This incentivizes more miners to join in the competition to mine for blocks. In return, the more miners there are in the system, the more secure the network is. In addition, the increased competition also means miners are continually investing in newer hardware to ensure their computing power remains relevant for the fight for block rewards.

What Is a Bitcoin Halving?

To ensure that the value of Bitcoin is not compromised by an infinite supply, Satoshi Nakamoto wrote in a “halving event” that happens every 210,000 blocks. When Bitcoin’s network first began, Bitcoin’s block reward was 50 BTC per block mined. This was halved in 2012, at block #210,000, where the block reward became 25 BTC. The second halving was in 2016, at block #420,000, and the block reward became 12.5 BTC.

This process will continue every 210,000 blocks, until the total supply of BTC (21 million BTC) has been reached. It is estimated that the final block reward will be paid in 2140! For more information on the Bitcoin halving, check out our Bitcoin Halving page and blog post!

How Can I Store my Bitcoin?

There are many different ways of storing your Bitcoin – here’s just a few:

  1. Keep it on a Bitcoin exchange

There are many Bitcoin different exchanges all over the world. All of these exchanges allow you to sell Bitcoin for other cryptocurrencies (altcoins) or government currencies (USD, EUR, GBP etc.) At the same time, these Bitcoin exchanges allow you to store your BTC with them, which means that the burden of keeping it safe is on them. Do note that incidents have occurred when exchanges have been hacked or lost their customers’ BTC, so do your own research when you’re looking for an exchange that’s safe to hold your cryptoassets. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.

  1. Keep it in a Bitcoin wallet

Instead of keeping it on a Bitcoin exchange, you could keep your Bitcoin in a Bitcoin wallet instead. Wallets come in two forms — hot and cold. Hot wallets are software that stays connected to the internet, aka storing your Bitcoin online. It is more convenient to transact via a hot wallet, but they logically are more susceptible to being attacked, as they stay connected to the internet.

Cold wallets are wallets that are not “online.” They are less prone to attack, as hackers cannot access this type of cold storage via the internet, but they are also a lot less convenient for the user as they may be cost-prohibitive and require more technical understanding to operate. Examples of cold wallets are hardware wallets and paper wallets.

Bitcoin Statistics

Bitcoin Price$12,006.14 USD
Bitcoin ROI
8,773.72%
Market Rank#1
Market Cap$221,589,655,323 USD
24 Hour Volume$20,278,107,497 USD
Circulating Supply18,456,356 BTC
Total Supply18,456,356 BTC
Max Supply21,000,000 BTC
All Time High
$20,089.00 USD
(Dec 17, 2017)
All Time Low
$65.53 USD
(Jul 05, 2013)
52 Week High / Low
$12,034.14 USD /
$4,106.98 USD
90 Day High / Low
$12,034.14 USD /
$8,719.67 USD
30 Day High / Low
$12,034.14 USD /
$9,088.95 USD
7 Day High / Low
$12,028.41 USD /
$11,094.15 USD
24 Hour High / Low
$12,028.41 USD /
$11,548.78 USD
Yesterday's High / Low
$11,806.06 USD /
$11,548.78 USD
Yesterday's Open / Close
$11,737.33 USD /
$11,675.74 USD
Yesterday's Change$-61.59 USD (-0.52%)
Yesterday's Volume$17,489,608,833 USD
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