Bitcoin is down 0.10% today. Bitcoin is down 0.10% today.
Key Highlights :
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.