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Bitcoin Price
Created with Highcharts 10.3.3Aug 24Aug 25Aug 26Aug 27Aug 28Aug 29Aug 30$25500$25750$26000$26250$26500$26750$27000$27250$27500$27750$28000$28250
Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies. Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.
Bitcoin price update
Bitcoin is ranked #1 of all cryptocurrencies with a total market capatalization of $530534562770. The 24 hour trading volume is $8404675132. There is a circulating supply of 19,471,800 coins.
On-chain Metrics
Interesting on-chain metrics that provide a rapid understanding of the state of Bitcoin
Holders Making Money at Current Price
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62
%
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5
%
33
%
Price Correlation with Bitcoin
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Holders’ Composition by Time Held
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69
%
1Y+
24
%
7
%
<1M
Transactions Greater than $100K
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$39.46b
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Volatility
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33.12%
TODAY
Created with Highcharts 7.2.2
Total Exchanges Inflows
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$3.32b
Created with Highcharts 7.2.2
Total Exchanges Outflows
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$3.43b
Created with Highcharts 7.2.2
Recent News
These Are the High-Profile Spot Bitcoin ETF Applications Currently in Play
Editor’s note: This article was originally published in October 2021 and last updated in August 2023 to reflect the current status of spot Bitcoin ETF applications. Since the first application for a U.S. Bitcoin exchange-traded fund was filed in 2013, a spot Bitcoin ETF has become something of a holy grail for the crypto community. An ETF is a publicly-traded investment vehicle that tracks the value of an underlying asset; in the case of a Bitcoin ETF, that asset is Bitcoin. Advocates for a Bitc…
Deep DivesLong Reads20 min read
Decrypt StaffAug 30, 2023
Analysts Increase Odds of Bitcoin ETF Approval This Year to 75%
Grayscale’s court win yesterday has added optimism for a Bitcoin ETF this year. Bloomberg’s ETF experts Eric Balchunas and James Seyffart now give a 75% chance of approval by the end of the year. This morning, the duo upped the odds of an approval in 2023 from 65% at the start of August. Lot of people were asking yesterday. Eric and I have moved to 75% for 2023 launch of a spot #Bitcoin ETF and we think it’s almost a done deal that we will have one launched by the end of 2024. https://t.co/nO1g…
NewsBusiness
Nivesh RustgiAug 30, 2023
Grayscale Bitcoin Discount Hits 18-Month Low Amid SEC Court Win
The discount between Grayscale’s Bitcoin Trust (GBTC) price and the value of Bitcoin has dropped to its lowest level since December 2021, hitting 18.06% this morning, per Coinglass data. Currently, Grayscale Bitcoin Trust holds $17.10 billion worth of Bitcoin. The move came after Grayscale won a landmark victory against the SEC yesterday. A D.C. circuit court explained that the Commission lacked a coherent explanation for blocking Grayscale’s move to convert its GBTC product into a spot Bitcoin…
NewsBusiness
Nivesh RustgiAug 30, 2023
What Is a Bitcoin ETF, and Why Does Everyone from Blackrock to Grayscale Want One?
Want to earn a free on-chain certificate showcasing your Bitcoin knowledge? Take our free course, Getting Started with Bitcoin. Many of the crypto-curious still view buying Bitcoin from a crypto exchange as an intimidating and opaque process. The technical aspects of holding Bitcoin—such as crypto wallets, Bitcoin addresses and private keys—are confusing to newcomers, and scare some investors away. All of this has intensified the appeal of a Bitcoin ETF, or exchange-traded fund. In the U.S., maj…
LearnThe Landscape
Ki Chong Tran, Robert Stevens, Daniel Roberts
What’s a Bitcoin Drivechain and Why Are Devs At Odds Over Its Proposal?
A major proposal to increase Bitcoin’s functionality is making the rounds on Twitter—and as is now par for the course, it’s stirring controversy among developers. “Drivechains”—proposed by Paul Sztorc as BIP 300 and BIP 301—would create a native sidechain mechanism for Bitcoin, allowing BTC to be “trustlessly” bridged to separate chains. The sidechains are secured through blind merge mining, which allows Bitcoin’s existing miners to effectively secure other blockchains without needing to run the…
NewsCoins
Andrew ThrouvalasAug 29, 2023
GBTC: Everything You Need To Know About The Grayscale Bitcoin Trust
Grayscale’s two-year battle to launch a Bitcoin spot exchange-traded fund (ETF) may finally be turning a corner. On August 29, 2023, the United States Court of Appeals for the DC Circuit sided with Grayscale over the U.S. Securities and Exchange Commission (SEC) in the crypto firm’s quest to launch a Bitcoin ETF. The price of Bitcoin rose significantly following the news. Bitcoin Surges After Grayscale Wins Appeal Against SEC The Grayscale Bitcoin Trust (GBTC), which was launched in 2013, enable…
LearnThe Landscape
Tim Copeland, Robert Stevens
Bitcoin Surges After Grayscale Wins Appeal Against SEC
The price of Bitcoin rose significantly Tuesday following word that the United States Court of Appeals for the DC Circuit sided with Grayscale over the U.S. Securities and Exchange Commission (SEC) in the crypto firm’s quest to launch a Bitcoin spot exchange-traded fund (ETF). Bitcoin is up more than 5% over the last hour, rising from just over $26,000 to a current price of $27,425, per data from CoinGecko. Other leading cryptocurrencies have seen similar rises over the past hour. The largest cr…
NewsMarkets
Andrew Hayward, Mat Di SalvoAug 29, 2023
Interlay Launches MVP of New Bitcoin Layer-2 BOB
The team behind decentralized Bitcoin infrastructure provider Interlay today unveiled the Minimum Viable Product (MVP) of its BOB (“Build on Bitcoin”) solution. BOB, which comes on the heels of last month’s launch of Interlays’ Bitcoin DeFi Hub, is billed as a Bitcoin Layer-2 network that introduces Rust smart contracts compatible with Bitcoin libraries such as Lightning and Ordinals. With the full support of the Ethereum Virtual Machine (EVM), the developers see BOB as a go-to platform for fost…
NewsTechnology
Andrew AsmakovAug 29, 2023
Bitcoin Holds Steady While Major Altcoins SUI and PEPE Plunge
Bitcoin held steady on Monday while popular altcoins plunged as the largest cryptocurrency by market cap regained its recent lack of volatility. The asset was at the time of writing trading for $26,131 per coin, according to CoinGecko, having not budged at all in the past 24 hours. What’s more, it has seen stayed still over the last seven days. Bitcoin touched yearly highs of $31,000 per coin after BlackRock, the world’s biggest asset manager, submitted a Bitcoin exchange-traded fund (ETF) appl…
NewsCoins
Mat Di SalvoAug 28, 2023
Tor Network Is Now Using Bitcoin-Like Security to Guard Against Attacks
Since mid-2022, the privacy preserving Tor network has been plagued by denial of service attacks, making the network sluggish and—at times downright impossible to use. In its latest software release,Tor is aiming to “defend” against these attacks with proof of work, the same cryptographic mechanism that underpins and secures Bitcoin. Using proof of work in some manner to prevent attacks has been an idea in the Tor community for many years. Now it’s finally in place. Malicious Tor Network Servers…
NewsBusiness
Alyssa HertigAug 25, 2023
Blockchain Tech and AI Will Have ‘Very Tight Coupling’: Marathon Digital CEO
Bitcoin miners are turning their attention to the booming AI sector, and Marathon Digital isn’t any different. Marathon Digital Holdings (MARA), one of the largest publicly traded Bitcoin miners in the world, aims to keep pointing investments specifically designed to build out applications on the Bitcoin blockchain, including developments in the AI sector. “It’s very critical that data that gets published can be validated as authentic and there’s no better way to do that than using a blockchain…
Deep DivesProfiles
Andrew AsmakovAug 25, 2023
Bitcoin Wins While Fed Prints More ‘Fiat Toilet Paper’, Says Arthur Hayes
BitMEX co-founder Arthur Hayes believes the Federal Reserve will lose its quest to beat inflation, ultimately benefiting “risk assets of finite supply,” such as Bitcoin. In a blog post published on Wednesday, the essayist argued that the Fed is sucking money from one area of the economy while injecting money into another. As long as the Fed’s strategy to combat inflation remains “quixotic,” assets like Bitcoin will likely rise in the long run. “Bitcoin has a finite supply, and therefore as the d…
NewsCoins
Andrew ThrouvalasAug 24, 2023
It’s Now Harder Than Ever to Mine Bitcoin
Bitcoin’s mining difficulty has hit a new all-time high despite the digital asset’s less-than-stellar price performance of late. Mining difficulty refers to how competitive it is to mine Bitcoin (BTC). The difficulty rises as more mining units get deployed, and thus suggests that the activity continues to be a profitable and popular enterprise. According to data from CoinWarz, Bitcoin’s mining difficulty is 55.62 trillion hashes. The network’s last notable peak was 53.9 trillion hashes on July…
NewsBusiness
Tim HakkiAug 23, 2023
Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC
Nodal Power has secured a substantial $13 million funding round to continue converting methane gas produced by landfills into electricity, which is then dispatched to local electricity grids as renewable power. Not all of that energy will be sold, however. Some of it will be used directly by the firm to secure the blockchain through clean Bitcoin mining. “Bitcoin mining is a secondary tool we use when grid economics aren’t as favorable,” said Matthew Jones, Nodal Power’s co-founder and chief ope…
NewsBusiness
Andrew ThrouvalasAug 22, 2023
Another Lucky Solo Miner Nabs $160,000 Bitcoin Block Reward
An extremely lucky Bitcoin miner has just landed the full 6.25 Bitcoin reward after beating the odds to solve block 803,821. The event occurred on August 18, with the miner using the Solo CKpool mining service. In fiat terms, the miner, identified as bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6, earned roughly $160,000 in current prices minus 2% fee, which is kept by the mining pool. Con Kolivas, who oversees the Solo CKpool, congratulated the winner, suggesting that the miner operated with a hash…
NewsBusiness
Andrew AsmakovAug 21, 2023
Bitcoin Is Down Bad Again—Here’s Why and What Comes Next
Bitcoin had been sitting relatively still for weeks until yesterday, when it quickly dropped to lows not seen in two months. The largest cryptocurrency by market cap at the time of writing was trading for $26,060 per coin, CoinGecko data shows, marking an over 11% dip in the past seven days. It’s still up from the lowest point it touched on Thursday, $25,649, but still well below the highs above $31,000 it hit in June. Bitcoin, Ethereum Flash Crash Triggers $800 Million in Liquidations So, aft…
NewsBusiness
Mat Di SalvoAug 18, 2023
Algorand Hits New All-Time Low Amid Market Downturn
Alrogrand (ALGO) made a new all-time low yesterday of $0.09, per CoinGecko data, amid a broad bearish move in the market. Alrogrand is a proof-of-stake based layer-1 blockchain launched in June 2019. The ALGO price was looking to establish support above the $0.11 since June’s breakdown. However, yesterday’s market slump dragged the token’s price to a new all-time low of $0.0905 yesterday. The token is now trading hands at $0.957, per CoinGecko. The blockchain was previously regarded as “great t…
NewsCoins
Nivesh RustgiAug 18, 2023
Bitcoin, Ethereum Flash Crash Triggers $800 Million in Liquidations
Bitcoin continued its crash Thursday afternoon, shedding 7% of its value in 20 minutes and briefly dipping below $26,000 in the process. And as Bitcoin went, so too did other leading cryptocurrencies, including Ethereum—with a cascade of liquidations topping $800 million to follow. The largest cryptocurrency by market cap is trading for $26,314 as of this writing, according to CoinGecko—a nearly 10% dive for Bitcoin over the last 24 hours. It fell as low as $25,649 this afternoon, but has reboun…
NewsCoins
Mat Di SalvoAug 17, 2023
Grayscale Boosts Bitcoin ETF Team as Potential Ruling in SEC Lawsuit Nears
Grayscale Investments highlighted on Thursday that its ETF team is expanding as a widely anticipated decision in its lawsuit against the Securities and Exchange Commission (SEC) could soon be reached. “Our ETF team is hiring,” Grayscale said on Twitter, tacking on a set of eyes emoji. The two positions, a product specialist and senior associate to assist its ETF team, have been posted within the past week, according to LinkedIn. Combined, the recently posted positions have garnered over 50 appli…
NewsBusiness
André BeganskiAug 17, 2023
