Bitcoin is currently trading at $18,828.59, after a price change of 5.04% in the last 24 hours.
Ranked as cryptocurrency #1 by capitalization today, BTC market cap is valued at $362,689,851,987. BTC trading volume reached $36,608,989,412 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on BTC coin price prediction page.
Bitcoin Price PredictionWhat is Bitcoin?
Bitcoin is a form of digital cash that does away with intermediaries and records all transactions on the ledger dubbed blockchain. Bitcoin is virtual cash. Unlike fiat currency that can be touched, Bitcoin is a network of nodes that run a protocol on the blockchain in its simplest form.
Distributed ledger called blockchain is made up of units called blocks. The blocks contain information on every transaction on the network. Each block records the date, time, and value of every transaction that takes place. Entries into a block are crammed together in chronological order. This helps to trace the history of Bitcoin transactions network, thus preventing people from spending what they do not own.