Key Highlights :
1. Bitcoin is down 0.10% on yesterday's figure of £23,996, 1.02% on last week and up 10.32% on one month ago.
2. The 24-hour trading volume is around £13.8 billion, and it has a market cap of about £463.9 billion.
3. The 52-week high of Bitcoin is £32,844, while the 52-week low is £13,195.
4. If you purchased a single Bitcoin at the 52-week low of £13,195 and sold it at today's price of £23,973, you'd earn £10,778 for a positive return of 81.68%.
5. Alternatively, if you purchased a single Bitcoin at the 52-week high of £32,844 and sold it at today's price, you'd have a negative return of 27.01%, or minus £8,871.
6. If you want to start investing in Bitcoin, you'll need a to do so. Keep in mind you may owe taxes on any gains you realise. Past performance is not a predictor of future results.
7. Purchasing Bitcoin is speculative and you may lose all of your investment. Bitcoin has fallen by 0.10% within the last 24 hours. Overall, BTC’s price today is above its 52-week low of £13,195. Over the past week, Bitcoin has hit a high of £24,742 and a low of £23,563. The cryptocurrency, overall, has moved up during the past three months. Over the past 90 days, it has increased to its current price of £23,973.
8. There are currently 19,349,456 Bitcoins in circulation. There is a total maximum limit of 21 million Bitcoins that can ever be created. Given the total number of mined coins and the maximum limit, only 1,650,544 Bitcoins are left to be produced.
9. Analysts project that the last Bitcoin will be mined sometime around 2140. No new Bitcoins will enter circulation after this point.
Bitcoin has seen a lot of volatility in recent months, with prices ranging from a low of £15,000 to a high of £25,000. However, as of 8:11am today, the price of Bitcoin is £23,973, according to CoinMarketCap. This is up 10.32% on one month ago.
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin has been controversial since its inception. Some consider it to be a Ponzi scheme, while others see it as a valuable digital asset. Despite this, Bitcoin continues to grow in popularity and has even been accepted as a legal payment method in some countries.
So what is driving the price of Bitcoin up? There are a number of reasons. Firstly, there is increasing interest in Bitcoin and other cryptocurrencies as a way to invest. This is because cryptocurrencies are not subject to the same regulations as traditional investments, meaning they are potentially more profitable. Additionally, there are a number of businesses that are starting to accept Bitcoin as a form of payment. This is helping to increase the demand for Bitcoin.
However, the price of Bitcoin is still volatile and is likely to continue to be so. This is why it is important to be cautious when investing in Bitcoin and other cryptocurrencies.
