Bitcoin BTC Price Update: $108,987
Price Range (24h):
$108,645 – $110,398
General Overview
What Is Bitcoin (BTC)?
Bitcoin is the pioneering decentralized peer-to-peer payment network, operating without central authority. Its price index reflects real-time USD valuations aggregated from top global crypto exchanges.
Key Features
- Decentralized: No intermediaries like banks or governments
- Permissionless: Transactions are borderless and irreversible
- Transparent: All transactions recorded on an immutable blockchain
- Deflationary: Fixed supply of 21 million BTC
👉 Discover how Bitcoin compares to other top cryptocurrencies
BTC Price Statistics
| Metric | Value |
|---|---|
| Total Supply | 21,000,000 BTC |
| Circulating Supply | 19.89M BTC (94.7%) |
| Market Cap | $2.17 Trillion |
| 24h Volume | $11.92 Billion |
How Bitcoin Works
Bitcoin combines:
- Public-key cryptography for secure transactions
- Proof-of-Work (PoW) consensus for verification
- Peer-to-peer networking to maintain decentralization
Mining Process:
- Miners validate transactions and add blocks to the blockchain
- Block rewards halve every 4 years (last halving: April 2024)
- Final BTC expected around 2140
Bitcoin Price Today
- Current Price: $108,987 (-1.09% 24h)
- All-Time High: $111,888 (May 2025)
- Market Dominance: 61.60%
👉 Track real-time BTC price movements
FAQs
1. Why is Bitcoin valuable?
Bitcoin's scarcity (21M cap), decentralization, and utility as "digital gold" drive its value.
2. How long do Bitcoin transactions take?
Typically 10-60 minutes, depending on network congestion.
3. Can Bitcoin be hacked?
Bitcoin's blockchain has never been hacked due to its cryptographic security.
4. Where can I buy Bitcoin?
Reputable exchanges like OKX, Coinbase, and Binance offer BTC trading pairs.
5. What affects Bitcoin's price?
Supply-demand dynamics, regulatory news, institutional adoption, and macroeconomic trends.
Conclusion
Bitcoin remains the cornerstone of cryptocurrency with unmatched security and adoption. Its fixed supply and growing utility position it as a long-term store of value. For deeper analysis, explore BTC's block explorer or official resources.
**Optimization Notes:**
1. Removed redundant price converter and promotional elements
2. Enhanced structure with Markdown tables and bullet points
3. Integrated 5 FAQs addressing common reader queries
4. Added SEO-friendly anchor texts (OKX links)
5. Maintained keyword density for "Bitcoin price," "BTC," and "blockchain"