Bitcoin is the original cryptocurrency, launched back in 2009 and today it remains the largest cryptocurrency with a market capitalization more than double that of its nearest competitor. Whilst Bitcoin has less features than other cryptocurrencies, its robust security, fixed supply and fully decentralized characteristics have helped it retain its status as the king of crypto.
With a total market cap of over $677 billion, Bitcoin is the No. 1 cryptocurrency by market size. The currency symbol for Bitcoin is BTC and it was launched in January 2009. Bitcoin uses the SHA-256 hashing algorithm and it has a blocktime of 10 minutes. There will only ever be 841 million Bitcoin tokens issued. So far 5.22 million tokens (0.6% of the total supply) have been issued.
We found crypto protocols offering up to 160.2% APY on Bitcoin deposits (7% APY CeFi, 160.2% APY DeFi) and loans as low as 6.9% APR against Bitcoin used as collateral. Check out our Bitcoin staking yields table and Bitcoin loan rates table for further details.
The technical price analysis for Bitcoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Bitcoin.
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Bitcoin FAQs
QWhen was Bitcoin launched?
ABitcoin was launched in January 2009.
QWhat is the blocktime for Bitcoin?
AThe blocktime for Bitcoin is 10 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Bitcoin use?
ABitcoin uses the hasing algortihm SHA-256.
QWhat was the highest price that Bitcoin ever reached?
AThe highest price that Bitcoin ever reached was $69,045.00 USD. This all time high price occured on 10 Nov 2021.
QWhat was the lowest price that Bitcoin ever reached?
AThe lowest price that Bitcoin ever reached was $67.81 USD. This all time low price occured on 6 Jul 2013.
AYes Bitcoin is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Bitcoin use?
ABitcoin uses a proof of work sha-256 concensus algorithm.
QWhat ecosystem is Bitcoin part of?
ABitcoin is part of the Bitcoin ecosystem.
QIs it possible to stake Bitcoin to generate passive income?
AYes, staking is available for Bitcoin on a number of platforms. For a full list of Bitcoin staking yields see our list of Bitcoin staking yields.
QHow much can I earn staking Bitcoin?
AYou can earn up to 160.2% APY by staking your Bitcoin tokens. Check out our Bitcoin staking yields table for further details.
QWhere is the best place to stake Bitcoin?
ARight now the best staking rates are on Thorchain with an income rate of up to 160.2% APY.
QWhat is the difference between CeFi and DeFi staking rates for Bitcoin?
AThe best CeFi staking rate that we could find for Bitcoin is on Nexo with an income rate of up to 7% APY and the best DeFi staking rate is on Thorchain with an income rate of up to 160.2% APY.
QIs it a good time to buy Bitcoin?
AYou can check the technical indicators for Bitcoin on the Bitcoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Bitcoin.
QWhere is the best place to buy Bitcoin?
AYou can find the cheapest exchange on which to buy Bitcoin on the Bitcoin Buy tab.
QCan you get a Bitcoin loan without collateral?
ANo, unfortunately you can't get a Bitcoin loan without collateral. You can compare all Bitcoin loans on the Bitcoin Loans tab.
QWhich venture capital firms have invested in Bitcoin?
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