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Bitcoin price
£70,127.00
Bitcoin price
Past Performance is not a reliable indicator of future results. Learn more about asset risks.
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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 £70,127.00.
911 BTC was purchased today on Kraken worth £63,850,782. 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 412 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 +37.81% over the last year. The highest price of BTC in the last year was £86,023.43 and the lowest price of Bitcoin in the last year was £41,062.58.
24h
-1.13%
7d
+7.28%
1m
+7.58%
1y
+37.81%
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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?
911 BTC worth £63,850,782 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.
Crypto Asset General Risks
- Investing in crypto assets is risky and each token can have its own set of risks. Below is a list of risks that generally apply to all crypto assets:
- Volatility: The performance of crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
- Lack of protections: Crypto asset investments are unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will assist or protect you in the event something goes wrong with your crypto asset investments.
- Liquidity: Some crypto asset markets may suffer for low liquidity which could prevent you buying or selling your crypto assets at the price you want or expect.
- Complexity: Specific crypto assets may carry with them specific complex risks that are hard to understand. Do your own research and if something sounds too good to be true, it probably is.
Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
If you want to learn more about specific risks related to Bitcoin, please visit our crypto asset statements page.
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