Understanding Bitcoin (BTC) Market Data
Bitcoin (BTC) is the world's first and most valuable cryptocurrency, launched in 2009. It operates on a decentralized peer-to-peer network secured by a proof-of-work consensus mechanism. Today, Bitcoin continues to dominate the crypto market with a commanding share of global cryptocurrency capitalization.
As of the latest data, Bitcoin's price is $108,966. Over the last 24 hours, it has seen a trading volume exceeding $27 billion. The price opened at $109,592 and has experienced a slight decrease of 0.57% since the opening bell. After a bullish push to $109,678, BTC couldn't sustain the momentum for further gains. Compared to its 30-day high, the price is down 1.25%, but it remains up 10.73% from the 30-day low.
Current Key Statistics
- Market Capitalization: $2.2 Trillion (Rank #1)
- 24h Trading Volume: $27.1 Billion (Rank #2) -23.88%
- 24h Price Range: $108,591 - $110,363
- Circulating Supply: 19,887,305 BTC
- Total Supply: 19,887,305 BTC
- Maximum Supply: 21,000,000 BTC
- All-Time High (ATH): $110,983 (1 month ago, currently -1.82%)
- 52-Week Price Range: $49,769 - $111,909
Supply Distribution and Network Activity
Wealth distribution among holders provides insight into the network's decentralization. The top 10 addresses hold approximately 5.55% of the total supply, while the top 100 addresses hold 9.19%. The remaining 85.26% is distributed among all other holders. It's important to note that some of these top addresses may belong to exchange wallets.
Network activity remains robust:
- Transactions (24h): 433,331
- Median Transaction Fee: $1.32
- Blocks Mined (24h): 166
- Current Network Difficulty: 116.96 T
Bitcoin Price Performance and Analysis
Short-Term and Long-Term Returns
Bitcoin's performance showcases its potential for significant returns over time, though it is accompanied by volatility.
| Timeframe | Return vs. USD | Return vs. ETH |
|---|---|---|
| 1 Year | +79.72% | +134.37% |
| 6 Months | +11.08% | -- |
| 3 Months | +30.74% | -- |
Technical Indicators Snapshot
Technical analysis offers a glimpse into market sentiment and potential price movements. Here is a summary of key indicators:
- Relative Strength Index (RSI 14): 65.04 (Natural)
- Moving Averages (SMA & EMA): All major periods (10, 20, 30, 50, 100, 200) currently signal "Buy."
- Commodity Channel Index (20): 105.03 (Sell)
- Average Directional Index (14): 54.77 (Sell)
- Market Sentiment: The overall indicator summary leans Bullish (12), with 3 Bearish and 2 Neutral signals.
These indicators suggest a cautiously optimistic market, with buying pressure indicated by moving averages but some oscillators hinting at potential overbought conditions. For a deeper dive into interpreting these signals and exploring more strategies, many traders use advanced charting platforms.
Frequently Asked Questions
What is Bitcoin's all-time high price?
Bitcoin reached its highest recorded price of $110,983 just one month ago. The current price is approximately 1.82% below this peak. Its all-time low was $70.15, recorded back in 2013.
How many Bitcoins are left to be mined?
There are currently 19,887,305 BTC in circulation. With a maximum supply cap of 21,000,000 BTC, there are approximately 1,112,695 BTC left to be mined through the block reward process, which is expected to continue until around the year 2140.
Is Bitcoin a mineable cryptocurrency?
Yes, Bitcoin is a mineable coin. It uses a Proof-of-Work (PoW) consensus algorithm called SHA256. Miners use powerful computers to solve complex mathematical problems to validate transactions and secure the network, for which they are rewarded with new BTC.
What was Bitcoin's starting price?
The Bitcoin network mined its first block (the Genesis Block) on January 3, 2009. In its earliest days, it had no established market price. The first recorded commercial transaction was in 2010 when 10,000 BTC were used to purchase two pizzas.
How can I analyze Bitcoin's price momentum?
Traders often use a combination of on-chain metrics (like transaction volume and active addresses) and technical indicators (like RSI and moving averages) to gauge momentum. To view real-time tools that aggregate this data, you can consult major crypto data platforms.
What gives Bitcoin its value?
Bitcoin's value derives from its properties as a decentralized digital asset: scarcity (fixed supply), durability, portability, divisibility, and its utility as a censorship-resistant store of value and medium of exchange. Its value is ultimately determined by market demand and the collective belief in its network.
Historical Context and Future Potential
Since its inception, Bitcoin has experienced tremendous growth and volatility. Its 52-week range, from nearly $50,000 to over $111,000, highlights the significant price swings inherent in the crypto market. Despite being over 15 years old, the network continues to evolve, with developments like the Lightning Network improving its scalability for smaller transactions.
The concept of market cap multipliers (e.g., 2x, 10x) helps investors visualize Bitcoin's potential future standing relative to other global assets. Its current market dominance of over 63% underscores its pivotal role in the cryptocurrency ecosystem. As the market matures, Bitcoin's price will likely continue to be a key indicator of the overall health and sentiment of the digital asset space.