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Why Bitcoin Price Is Up Today

Posted by Gurjeet, 6th April 2023

If you are new to crypto, use CoinMarketCap’s own educational portal — Alexandria — to learn how to start buying Bitcoin and other cryptocurrencies. Surprisingly, the anti-crypto stance of the Chinese government has done little to stop the industry. According to data by the University of Cambridge, China is how to start crowdfunding in bitcoin for free now the second-biggest contributor to Bitcoin's global hash rate, only behind the United States.

From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information. Alongside the trading of Bitcoin for other digital assets, it's possible to obtain Bitcoin through mining and even by using Bitcoin ATMs. Like a conventional ATM but one that's connected to the blockchain, Bitcoin ATMs allow you to effortlessly exchange BTC for cash or cash for BTC. Bitcoin is considered by many to be a store of value, which is why some refer to the asset as "digital gold". The currency also provides a decentralized payment system through which other digital assets can be traded and transferred.

In both Nigeria and Costa Rica for example, hydroelectric power is being repurposed to support crypto mining operations, generating income not only through mined BTC but also the hosting of mining infrastructure. Meanwhile, some Bitcoin mining operations have invested their BTC earnings into renewable energy sources to help offset the environmental impact of mining. As per the Bitbo charts, 144 bitcoins are mined daily, which makes it one of the leading cryptocurrencies in the market for traders and investors.

With a total supply of 21 million, its scarcity and decentralized nature make it almost impossible to inflate or manipulate. For this reason, many consider bitcoin to be the ultimate store of value or ‘Digital Gold’. Bitcoin is fully open-source and operates on a proof-of-work blockchain, a shared public ledger and history of transactions organized into "blocks" that are "chained" together to prevent tampering. Bitcoin is often compared to Ethereum, the second-largest digital asset by market cap. The latter recently switched from proof-of-work (PoW) to proof-of-stake (PoS), making it less dependent on processing power.

Bitcoin Price Today

Bitcoin began its most recent ascent after President Trump was elected to office late last year. The initial bump likely came as crypto investors anticipated that the Trump administration would be more favorable toward cryptocurrencies. With just five days left before the Fed’s rate cut decision, market data now shows a 100% chance of cuts, with some even expecting a larger 50bps move.

Such easing is usually positive for risk assets, as it lowers borrowing costs and makes Bitcoin more appealing. "A group of miners who didn't like SegWit2x are opting for this new software that will increase the size of blocks from the current 1 megabyte to 8," Morris told Business Insider. Supporters of the newly formed bitcoin cash believe the currency will "breath new life into" the nearly 10-year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds. A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested.

  • In other words, about once every four years, bitcoin miners receive a 50% pay cut.
  • Key fixes included resolving a block weight reservation bug that capped blocks at 3.99M weight units and adding the -blockreservedweight parameter for miners to optimize space allocation.
  • Bitcoin is a popular asset for investors, and it is not being used as a digital currency, as originally intended in the whitepaper.

What is the latest update in BTC’s codebase?

Overall, the Bitcoin generation and price depend on businesses or individuals trading or investing in it. The BTC price can rise or fall, so it is best to have a graph of BTC from previous years to understand the fluctuation in the pricing pattern. One of Taproot’s main aims is to batch multiple signatures and transactions, making it faster and easier to verify transactions on the network. Hard forks are permanent changes that how to store bitcoin safely happen when a new version of Bitcoin splits from the original, creating two distinct chains that are entirely separate from each other. The fixed monetary value and software-defined scarcity of Bitcoin are commonly used as arguments why Bitcoin is a valuable investment.

Blockchain

If you already hold a cryptocurrency such as ETH, SOL, or USDT, you can also trade this for Bitcoin via a decentralized exchange. could amazon follow tesla into accepting bitcoin Among the 217 active cryptocurrencies, Bitcoin remains a high-cap asset compared to the rest of the altcoins. The market cap BTC currently holds is around 2.21 trillion, which is more than a billion dollars than the 2009 market cap. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin. No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins.

For one, investors have been pushing Bitcoin higher as part of a general optimism in most investments, including the stock market, as the economy has shown resilience over the past few years. Since bitcoin’s launch 16 years ago, the world’s first cryptocurrency has completely shifted global financial markets and amassed $2.29 trillion in market capitalization. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients.

How Do We Calculate the Cryptocurrency Market Cap?

Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance.

As of mid-September 2021, the Bitcoin mining reward is capped to 6.25 BTC after the 2020 halving, which is roughly $299,200 in Bitcoin price today. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. Many have predicted Bitcoin’s death over the years, but the cryptocurrency remains the leader in the space and has a market capitalization of over $1 trillion today.

What is the Bitcoin halving?

Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap. Beyond Bitcoin’s purpose as a means of exchange, it can also be held long-term for potential returns. Shares of Gemini rose sharply on their first day of trading, as the Winklevoss brothers doubled down on their bullish long-term outlook for bitcoin. Markets brace for a widely expected Fed rate cut on Sept. 17, with history suggesting near-term turbulence but longer-term gains for risk assets and gold. BTC's price bounce from Asian session lows may have been catalyzed by the max pain theory, which suggests that prices gravitate toward the max pain level as options expiry nears. It is estimated that Satoshi Nakamoto has more than 1.1 million bitcoins.

Coinpedia Digest: This Week’s Crypto News Highlights 13th September, 2025

  • To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency.
  • This suggests that inflation is cooling, and investors immediately shifted toward risk assets like Bitcoin.
  • In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily.
  • Besides block rewards, miners also collect transaction fees which further incentivizes them to secure the network and verify transactions.

Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. A free public API is available for anyone that wishes to integrate the Bitcoin price into their project. Bitcoin price calculator allows you to lookup and calculate an amount in Bitcoin with the price in euro and United States dollar. Debuting in January 2009, Bitcoin’s price broke the $1 milestone for the first time in February 2011.

Live Bitcoin Price Today

As of September 12, 2025, that famous bitcoin pizza transaction is worth a staggering $1,150,138,466. A May 2023 S&P Global report titled “Are Crypto Markets Correlated With Macroeconomic Factors? ” found that key drivers for crypto performance include market confidence, adoption, technology developments and liquidity conditions.

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