Bitcoin Price Overview
The current Bitcoin price is ₹91,28,648.65 with a 0.3% decrease over the past 24 hours. Bitcoin's market capitalization stands at ₹181,534.98 billion, dominating approximately 64.66% of the total crypto market.
About Bitcoin
Bitcoin (BTC) remains the cornerstone of cryptocurrency since its 2009 launch. As the first decentralized digital currency, it introduced blockchain technology through a whitepaper authored by the pseudonymous Satoshi Nakamoto. Key attributes:
- Decentralized ledger: Transparent, public transactions without intermediaries
- Fixed supply: Capped at 21 million coins, enhancing scarcity
- Global adoption: Widely accepted as "digital gold" and a store of value
How Bitcoin Works
Core Mechanisms
- Blockchain Technology: Immutable public ledger records all transactions
- Mining Process: Nodes validate transactions via Proof-of-Work (PoW)
- Security: Cryptographic keys (public/private) protect wallets
Key Advantages
| Feature | Benefit |
|---|---|
| Peer-to-peer transfers | Eliminates bank fees |
| 24/7 market | No geographical restrictions |
| Deflationary design | Hedge against inflation |
Buying Bitcoin in India: Step-by-Step
Follow this streamlined process:
- Register on a SEBI-compliant exchange
- Complete KYC with PAN/Aadhaar
- Deposit INR via UPI/net banking
- Purchase BTC at live market rates
👉 Start your Bitcoin investment journey
Why Choose Reputable Exchanges?
- Security: Cold storage for 95%+ funds
- Liquidity: Deep order books prevent slippage
- Compliance: Adherence to FIU-IND regulations
- Educational resources: Beginner guides to advanced trading strategies
Market Statistics (2024 Data)
| Metric | Value |
|---|---|
| 24h Trading Volume | ₹3,920.48B |
| Circulating Supply | 19.89M BTC |
| YTD Returns | +14.13% |
| All-Time High | ₹61,11,938.18 |
Historical Price Trends
- 52-week range: ₹28,37,774.81 - ₹61,11,938.18
Notable milestones:
- 2010: ₹2.27 (ATL)
- 2021: ₹61.11M (ATH)
FAQ Section
Q: Is Bitcoin legal in India?
A: Yes, Bitcoin trading complies with Indian tax laws under VDAs (Virtual Digital Assets). Exchanges must maintain PMLA compliance.
Q: What's the minimum Bitcoin investment?
A: You can buy fractional Bitcoin starting from ₹100 on most platforms.
Q: How do I secure my Bitcoin?
A: Use hardware wallets for long-term storage and enable 2FA on exchange accounts.
Q: Why does Bitcoin's price fluctuate?
A: Demand shifts, regulatory news, macroeconomic factors, and institutional adoption all impact volatility.
Q: Can I use Bitcoin for payments?
A: While possible, most treat BTC as an investment asset due to price volatility.
Key Takeaways
- Bitcoin continues to dominate crypto market share
- Indian investors can buy BTC through compliant exchanges
- Long-term holders benefit from historical appreciation trends
- Always prioritize security when storing crypto assets