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BTC · $85,247
Bitcoin BTC
Rank #1$77,763.00▲ +1.79%(24h)▲ +1.12%(7d)
24h Low $76,053.0024h High $77,660.00
Market Cap
$1.56T
24h Volume
$23.32B
Circulating
20.03M BTC
All-Time High
$126,080.00
▼ +38.32% from ATH
Bitcoin Price Chart
Key Metrics
Market Cap
$1.56T
Volume (24h)
$23.32B
Circulating Supply
20.03M BTC
Max Supply
21M BTC
Bitcoin Converter
Bitcoin Converter
BTC
$USD
1 BTC = $77,763.00
Bitcoin Historical Data
| All-Time High | $126,080.00 (October 6, 2025) |
| All-Time Low | $67.81 (July 6, 2013) |
Where to Buy Bitcoin
About Bitcoin (BTC)
What is Bitcoin?
Bitcoin (BTC) is a decentralized digital currency. An anonymous developer who used the name Satoshi Nakamoto released the original code in January 2009. The supply is hard-capped at 21 million coins, and the network is secured by proof-of-work mining. BTC dominance — its share of total crypto market cap — typically sits between 50% and 60%, and Bitcoin has held the top spot since the asset class began.
Nobody runs Bitcoin. There is no central bank, no company, no foundation that can change the rules. New coins enter circulation through mining, and every transaction is permanent on a public ledger called the blockchain. Fixed supply plus no issuer is why BlackRock, Fidelity, and a growing list of pension funds treat Bitcoin like a non-sovereign reserve asset, similar to gold.
Bitcoin price today
Bitcoin’s price comes from supply and demand on hundreds of exchanges. The most active pairs are BTC/USD, BTC/USDT, and BTC/EUR. Live data on this page pulls from a multi-venue market feed and refreshes every 60 seconds. The reference quote is a volume-weighted average of the venues with the deepest order books.
What moves BTC/USD on any given day:
- Spot ETF flows. BlackRock’s IBIT and Fidelity’s FBTC publish daily creates and redemptions, and those numbers move the market fast.
- Macro. US CPI prints, Fed rate decisions, and the dollar index (DXY) all matter, sometimes more than crypto-native news.
- On-chain. Exchange inflows, long-term holder behaviour, and miner reserves give early signals about who is selling.
- Derivatives. Open interest and funding rates on perpetual futures flag when the market is over-leveraged.
The numbers in the price card above are live. The analysis below uses the levels at page load.
Bitcoin halving cycle and the 21M supply cap
Bitcoin’s monetary policy is the part that makes it weird. About every four years, every 210,000 blocks, the block reward gets cut in half. This is the halving. It permanently slows the rate at which new BTC enters circulation.
The four halvings so far:
- November 2012: block reward dropped from 50 BTC to 25 BTC.
- July 2016: 25 BTC to 12.5 BTC.
- May 2020: 12.5 BTC to 6.25 BTC.
- April 2024: 6.25 BTC to 3.125 BTC.
The next halving lands in 2028. Roughly 19.7 million of the 21 million cap is already mined. The last 1.3 million will trickle out for over a century, with the final coin expected around 2140. Every halving so far has been followed by a multi-month rally.
Bitcoin ETFs and institutional adoption
The US spot Bitcoin ETF approval in January 2024 was the biggest structural change in BTC’s market since Mt. Gox collapsed in 2014. Eleven funds now trade, including BlackRock’s IBIT, Fidelity’s FBTC, ARK’s ARKB, and Bitwise’s BITB. Cumulative net inflows passed $35 billion in the first year, faster than any ETF launch on record.
Past the ETFs:
- Public companies (Strategy, formerly MicroStrategy; Tesla; Block) hold BTC on their balance sheets.
- A handful of US states and sovereign funds have started adding small Bitcoin allocations to reserves.
- Visa, Mastercard, and PayPal route BTC through stablecoin rails or direct on-chain settlement.
- BlackRock and Fidelity offer BTC inside model portfolios for retirement accounts.
If you do not want to manage private keys, an ETF is the easiest path. If you want to actually use Bitcoin as a network, sending coins without asking permission, you need to hold them yourself. For longer-term price scenarios, see our Bitcoin price forecast.
How to buy Bitcoin safely
Buying Bitcoin is not hard. The risk you carry depends on where you buy and how you store the coins after. Most new buyers follow the same five steps.
- Pick a regulated exchange. You want deep BTC/USD liquidity, transparent fees, and at least one independent security audit. Our exchange ratings compare the leading options.
- Verify your identity. Most regulated platforms ask for a government ID and a selfie check. KYC usually takes under 10 minutes.
- Fund the account. Bank transfers (ACH, SEPA) are cheapest but take 1 to 3 business days. Cards are instant but cost 2 to 4% on top. Stablecoin deposits (USDC, USDT) settle in minutes for the lowest fee.
- Place the order. A market order fills at the current spot price. A limit order sets the maximum you are willing to pay. For positions over $10,000, a TWAP order reduces slippage.
- Move BTC into self-custody. Long-term holdings belong on a hardware wallet (Ledger, Trezor) or a trusted software wallet. Funds left on an exchange remain at the exchange’s custody risk.
Send a small test transaction first whenever you move large amounts. A $1 test transfer beats a misrouted five-figure transaction.
Bitcoin vs Ethereum vs gold
Bitcoin gets put in a basket with Ethereum because they are both major cryptocurrencies. It also gets compared to gold because both are scarce, both lack a central issuer, and both have served as portfolio hedges. The differences matter when you decide how much of each to hold.
- Supply: Bitcoin is hard-capped at 21M. Ethereum has no fixed cap but is mildly deflationary after EIP-1559. Gold is finite, with mining adding roughly 1.5% to the above-ground stock per year.
- Use case: Bitcoin is a settlement layer and a store of value. Ethereum runs smart contracts, DeFi, and NFTs. Gold is industrial and reserve metal.
- Yield: Bitcoin pays nothing by design. Ethereum staking returns about 3 to 4% APR. Gold pays nothing either.
- Custody: BTC and ETH both support self-custody through hardware wallets. Gold needs a vault.
- Volatility: BTC typically moves 1 to 4% per day. ETH moves 1.5 to 6%. Gold rarely moves more than 1%.
Most allocation models treat Bitcoin as a non-correlated complement to stocks and bonds. The role is close to gold’s, but the swings in both directions are much bigger.
Risks of holding Bitcoin
Volatility is the obvious risk. Several others matter just as much.
- Drawdown. Every previous Bitcoin cycle has delivered a peak-to-trough drop of 75% or worse. Position sizes should assume the same is possible again.
- Regulation. Tax rules, capital controls, and exchange licensing requirements change often and vary widely between countries.
- Custody. Self-custody puts the keys (and the responsibility) on you. Lost keys mean lost coins forever. Exchange custody concentrates counterparty risk.
- Concentration. A small number of wallets hold a large share of the supply, which can amplify short-term moves.
- Network. Fees rise during peak demand, and base-layer settlement can take 10 to 60 minutes.
This page is information, not financial advice. Talk to someone licensed before allocating real capital.
Bitcoin price analysis
At the time of writing, Bitcoin (BTC) trades at $77,763.00, with a 24-hour trading volume of $23.32B and a total market capitalization of $1.56T. The asset is currently ranked #1 among all tracked cryptocurrencies by market cap.
Over the last 24 hours, the BTC price has rose +1.79%. On the seven-day chart, Bitcoin has climbed +1.12%, showing consistent upward momentum across both timeframes. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.
Bitcoin's all-time high of $126,080.00 was set on October 6, 2025. The current market price is +38.32% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.
How to buy Bitcoin
Buying Bitcoin (BTC) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.
- Choose a reputable exchange. Pick a platform that lists BTC with deep liquidity, transparent fees, and strong security practices. Our top-rated exchanges guide compares the leading venues side-by-side.
- Create and verify your account.Complete the exchange's KYC process — most platforms require a government-issued ID and a short identity check. Verification is usually a one-time step that takes just a few minutes.
- Deposit funds. Fund your account with fiat currency via bank transfer, card, or a stablecoin like USDT or USDC. Stablecoin deposits typically offer the fastest settlement and lowest fees.
- Place a buy order. Navigate to the BTC/USD or BTC/USDT pair and either execute a market order for instant fills or set a limit order at your preferred entry price.
- Secure your BTC. For long-term holdings, consider moving your tokens to a non-custodial wallet — a hardware device for the highest security, or a reputable software wallet for frequent access.
You can also use the built-in Bitcoin converter above to estimate exactly how much BTC you would receive for a given amount in USD before placing an order.
Is Bitcoin a good investment?
Whether Bitcoin is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, BTC carries significant market risk — prices can rise or fall sharply in a single day, and past performance is not a reliable indicator of future returns.
Potential strengths
- Ranked #1 by market cap with an established trading history and active exchange coverage.
- Transparent on-chain data: real-time supply, circulation metrics, and publicly auditable transactions.
- Ongoing ecosystem development and community engagement, as reflected in Smart Contract Platform, Layer 1 (L1) sector activity.
Key risks to consider
- Volatility: 24-hour moves of 5–15% are common in crypto markets.
- Regulatory uncertainty: changes in policy across major jurisdictions can materially affect price and access.
- Liquidity and custody risk: not all exchanges are equally safe, and self-custody requires careful key management.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
FAQ
What is Bitcoin used for?
Most holders use Bitcoin as a long-term store of value. Treasuries and ETF investors hold it as a non-sovereign reserve asset. It is also a settlement network for cross-border payments. For everyday spending, the Lightning Network handles small instant transactions, and a small number of payment processors accept BTC directly.
How many bitcoins are left to mine?
The total supply is capped at 21 million coins. About 19.7 million are already mined; 1.3 million remain. The block reward halves every four years, so the rest will trickle out very slowly. The last coin is expected around the year 2140.
Is it too late to buy Bitcoin?
Depends on your time horizon and how much volatility you can tolerate. Bitcoin has dropped 75% or more in every previous cycle, but each cycle has set a new high. Holders with a 4 to 8 year horizon have generally been rewarded. Short-term traders, less so.
How is the Bitcoin price calculated?
The reference price is a volume-weighted average across major spot exchanges. Each exchange prices BTC against USD or USDT from its own order book. Aggregators combine those prices and weight them by liquidity. The result is the BTC/USD figure on this page, refreshed every 60 seconds.
Can Bitcoin reach $1 million?
A $1 million BTC price would mean a market capitalization near $21 trillion, on par with all gold ever mined plus a meaningful slice of global bonds. Some institutional models project this level over 10 to 20 years. Nothing is guaranteed; the answer depends on adoption, regulation, and macro conditions.
Is Bitcoin legal?
Bitcoin is legal in most countries, including the US, the UK, the EU, Canada, Japan, and Australia. A small number of jurisdictions (China, Algeria) ban or heavily restrict it. El Salvador and the Central African Republic have at various points granted it legal-tender status.
What is the difference between Bitcoin and a Bitcoin ETF?
Holding Bitcoin directly means owning the asset on the blockchain and controlling the private keys. You can send transactions and use the network. A Bitcoin ETF is a regulated security that tracks the BTC price; you own shares in a fund, not coins, and cannot withdraw them to a wallet. ETFs are easier to access through a brokerage account, but you depend on the issuer’s custody.
How is Bitcoin taxed?
Most countries tax Bitcoin as property or as a capital asset, not as currency. Selling, swapping, or spending BTC creates a taxable event, and gains usually fall under capital-gains rates. Tax rules vary widely, so talk to a local professional before assuming anything.
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BTC · $85,247
₿
Live
BTC · $85,247