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Bitcoin BTC

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$49,459.00 +4.1%
Market Cap
$934.87B (#1)
Supply
18.89M / 21.00M
Price
52W High price $67,617.02
52W High date 9th Nov 2021 (3 weeks ago)
All Time High (ATH) Date 10th Nov 2021 (3 weeks ago)
ATH Price $69,045.00
% From ATH -28%
All Time Low (ATL) Date 6th Jul 2013 (8 years ago)
ATL Price $68.00
% From ATL 72839%
Supply & Trading Volume
Volume (24h) 37.39B
Total Supply 21.00M
Max Supply 21.00M
Circulating Supply 18.89M
Description

Bitcoin is the first as well as the largest cryptocurrency in the world. In fact, it was originally described in a 2008 whitepaper by a person or a group of people that went by the name of Satoshi Nakamoto and was originally launched in January of 2009. All of Bitcoin’s balances are kept on a public ledger that everyone can view. All of the transac...

Bitcoin is the first as well as the largest cryptocurrency in the world. In fact, it was originally described in a 2008 whitepaper by a person or a group of people that went by the name of Satoshi Nakamoto and was originally launched in January of 2009. All of Bitcoin’s balances are kept on a public ledger that everyone can view. All of the transactions, however, need to be verified by computing power which is given by people or organizations called miners. BTC is not issued by a bank or a government but mined. The blockchain is a collection of blocks, and all of the computers that run the blockchain have the same list of blocks as well as transactions and can see the new blocks being filled with each and every new transaction. This is a system that can not be manipulated as a result.

The BTC Token Explained

BTC, which is the native currency on the Bitcoin blockchain, is a virtual currency.

Each BTC is essentially this computer file that is stored in a digital wallet. Bitcoin is powered by an open-source code known as the blockchain, and this creates a shared public ledger, where each transaction is a block that is chained to the code, which creates a permanent record of each transaction.

Miners are rewarded with BTC for confirming transactions and generating new blocks on the blockchain, and it is used as a currency on the platform as well.

Aside from acquiring BTC through the process of mining it, many investors can purchase BTC as a form of currency, expecting it to get a higher value over time.

BTC can be stored in a hot wallet as well as a cold wallet. A hot wallet is a wallet that is connected to the cloud, while a cold wallet is an encrypted portable device such as a hard drive that allows you to download your keys.

Features of Bitcoin

A bitcoin wallet contains a public key and a private key, and these works together to allow the owner to trade and digitally sign transactions, which provides proof of authentication. Miners, that are members of the peer-to-peer platform, independently confirm the transactions using computer hardware, which typically occurs within 10 minutes, and are paid in Bitcoin for their efforts.

Bitcoin offers private and secure transactions at any time and has remained the largest cryptocurrency. It has the ability to avoid traditional bank or government intermediaries as well.

Unlike FIAT currency, Bitcoin is created, distributed, traded, and stored through the decentralized ledger, and has met widespread popularity as well as success and inspired many cryptocurrencies ever since.

Founders of Bitcoin (BTC)

The interesting part about the founders of Bitcoin is the fact that we do not know who they are. In fact, the inventor is known under a pseudonym, as Satoshi Nakamoto. Discussing the history though, On October the 31st, 2008, Nakamoto published Bitcoin’s whitepaper that described in detail how a peer-to-peer online currency could be implemented. This proposal featured the use of a decentralized ledger of transactions packages in batches, known as blocks, and scored by cryptography algorithms. This is what we know today as the blockchain.

2. Price

$BTC / USD

2.1. Market Performance

How does Bitcoin's (BTC) performance compare to assets of a similar market capitalization?

30 Day Return

-19.7%

BTC

-13.5%

Similar Market Cap

60 Day Return

-4.3%

BTC

7.8%

Similar Market Cap

1 Year Return

164.3%

BTC

401.7%

Similar Market Cap

3. Developer Activity

We're monitoring 4 Bitcoin Github repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in Github's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Bitcoin Repos)

Commits vs. The Market

  • Past 4 weeks: 101 commits vs. an average of 31
  • Past 12 weeks: 512 commits vs. an average of 124
  • Past year: 2,987 commits vs. an average of 860

Most Active Repos

Past week 107
Past 12 weeks 530
Past year 2814
Past week 8
Past 12 weeks 46
Past year 215
Past week 0
Past 12 weeks 0
Past year 2
Past week 0
Past 12 weeks 0
Past year 0
4. Social Activity
Reddit Subscribers 4M
Active Reddit Users (past 24h) 2,952
Telegram Users 0
Twitter followers 4M
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website http://www.bitcoin.org
Explorer https://blockchair.com/bitcoin/
Twitter @btc
reddit /r/Bitcoin
Forum https://bitcointalk.org/
Whitepaper https://www.coinbase.com/bitcoin.pdf
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