+

Total Market Cap: $2.360T

24h Volume: $33.110B

BTC Dominance: 67.94%

Global Market Sentiment: 29

Average Market Correlation: 0.34

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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Beta

Bitcoin

BTC
Rank #1
$81,944.41

-0.95%

Low:
$78,705.96
High:
$82,256.53
(24h)
Volume 24h
$20,819,152,655
-42.48%
Circulating Supply
19,849,556 BTC
Total Supply
ISSUE TO SOLVE
Max Supply
21,000,000 BTC
Market Cap
$1,605,549,303,599
Fully Diluted Market Cap
$1,720,832,579,220
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
42.34%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.61
Beta
The Beta coefficient is a measure of a crypto volatility and direction in comparison to the volatility and direction of the overall market. A positive Beta greater than 1 indicates that the crypto is more volatile than the market, while a beta less than 1 means it is less volatile.
0.345
Market Dominance
67.94%
ATL/ATH
$219.96/$105,996.51
Relative Strength Index
The Relative Strength Index (RSI) is an indicator that measures the rate of price changes by comparing the extent of recent gains to recent losses. It scales from 0 to 100 and is used to determine potential turning points in price behavior. A reading above 70 indicates that an asset may be due for a decrease in price, while a reading below 30 suggests a potential increase in price. The RSI calculated here is based on Daily returns over the last month.
42
Information for Bitcoin
Last News related to Bitcoin
What is Bitcoin ?

Overview

Bitcoin is a decentralized digital currency created by an unknown person or group of people using the pseudonym Satoshi Nakamoto in 2009. It operates on a peer-to-peer network, allowing users to transact directly without needing intermediaries. The core technology behind Bitcoin is the blockchain, a public ledger that records all transactions. Bitcoin's design allows for secure, anonymous, and tamper-resistant transactions, making it a pioneer in blockchain technology and the crypto economy.

Utility

Bitcoin serves primarily as a digital currency and a store of value, often termed 'digital gold.' It is designed to be a medium of exchange and a secure way to store wealth over the long term. Bitcoin can be used for a wide range of financial transactions, from buying goods and services to international money transfers. Additionally, it plays a significant role in the development of financial and technological innovations such as smart contracts and decentralized finance (DeFi) applications.

Security

Bitcoin’s network security is ensured through a consensus mechanism known as Proof of Work (PoW). Miners use computational power to solve complex mathematical puzzles and verify transactions, which are then added to the blockchain. This process, while energy-intensive, secures the network against fraudulent activities and attacks. The SHA-256 cryptographic algorithm is used, providing a high level of security and resistance to tampering, making the Bitcoin network one of the most secure cryptocurrencies.

Supply data provided by CoinGecko API
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