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Bitcoin price
$118,216.00
Bitcoin price
About Bitcoin (BTC)
Bitcoin is the world's largest cryptocurrency project. The bitcoin (BTC) cryptocurrency was the first of its kind to be built on blockchain technology. Launched in 2009 by an anonymous developer under the pseudonym Satoshi Nakamoto, Bitcoin remains the most widely accepted and traded cryptocurrency today. Like the cryptocurrencies that followed it, Bitcoin was created to provide a decentralized electronic cash system that operates without the intervention of a centralized authority. A global team of developers constantly works on improving Bitcoin and its underlying technology.
Bitcoin (BTC) Price Today
Bitcoin price today is $118,216.00.
1,370 BTC was purchased today on Kraken worth $161,964,056. Check out the BTC chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive BTC price alerts. Kraken lets you buy and sell 377 cryptocurrencies, including BTC. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.
The bullish take on Bitcoin
Bitcoin's fixed supply of 21 million coins helps to position it as a store of value, medium of exchange, hedge against inflation and alternative to the traditional financial system.
Institutional interest in Bitcoin continues to grow as major financial players recognize its potential as “digital gold,” which could lead to increased relevance, adoption and integration within the financial ecosystem.
The launch of Bitcoin backed spot ETFs, coupled with the returns seen in firms like MicroStrategy reflect an important shift in how firms are gaining exposure to bitcoin and utilizing it within their financial portfolios.
The bearish take on Bitcoin
Bitcoin's network can only process about seven transactions per second, which has caused congestion and high transaction fees during peak periods, thereby making Bitcoin a less practical option for everyday payments compared to other types of cryptocurrencies.
Unlike Ethereum and other Layer 1 blockchains, Bitcoin lacks native smart contract capabilities, which has limited its ability to support many DeFi, NFTs, and Web3 applications that are driving adoption and growth of the crypto ecosystem today.
Bitcoin remains highly volatile, with price swings driven by whale traders, leverage trading, and macroeconomic factors, making it risky for investors and less reliable as a short-term store of value.
Bitcoin (BTC) Price History
Bitcoin price is +32.52% over the last year. The highest price of BTC in the last year was $152,223.17 and the lowest price of Bitcoin in the last year was $73,219.83.
24h
-2.61%
7d
+0.42%
1m
-14.37%
1y
+32.52%
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Categories
Kraken classes Bitcoin to be within the following categories: Smart Contract Platform, Layer 1, Proof of Work, Bitcoin Ecosystem.
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Bitcoin FAQ
Can I trade Bitcoin at a lower price?
Yes, you can choose what price you pay for Bitcoin using Custom Orders on Kraken. If the price of Bitcoin reaches to your desired price, the order will execute automatically.
Is now a good time to buy Bitcoin?
Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Bitcoin over time and not worry about whether or not now is the best time to buy.
What is the daily trading volume of Bitcoin?
1,370 BTC worth $161,964,056 was traded on Kraken in the last 24 hours.
What affects the Bitcoin price?
A variety of factors affect the price of Bitcoin including market sentiment, technical developments, user adoption and macro economic events.
How do I read the Bitcoin price chart?
To read the Bitcoin price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.
How can I analyze prices with the Bitcoin chart?
Analyzing price movement using the BTC chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.
Bitcoin Dollar Cost Averaging Calculator
See how much value you'd have today if you had dollar-cost averaged into different cryptocurrencies.
Learn more about Bitcoin
Bitcoin markets
Explore popular Bitcoin trading pairs on Kraken. You can swap BTC for cash, stablecoins or other digital assets.
Popular markets
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Content provided herein may originate from third parties not associated with Payward Ventures, Inc. (D/B/A Kraken) or any of its subsidiaries. Kraken does not vouch for or take responsibility for such third-party content. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Any reliance on this content is at the reader’s own risk. Kraken shall not be held liable for inaccuracies or any decisions made based on this content. Kraken does not endorse nor validate the accuracy of the information provided for any specific asset. Displayed prices are merely representative and the actual values and related data may differ. The unpredictable nature of the cryptoasset markets can lead to loss of funds.