Bitcoin Price Today
2022.12.04 12:02
Bitcoin Price Today
Budrigannews.com – Bitcoin (BTC) trades seven days a week, twenty-four hours a day.The market never sleeps, and the BTC price fluctuates frequently. BTC is always live and the market is always open, no matter what currency or commodity is used to determine its value.
Before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at extremely low prices—at one point, even less than one cent of a US dollar. However, the price of Bitcoin has increased by millions of percent since then.
One bitcoin is worth (BTC) as of December 2022.Because there is no need to rely on a single source, and the market is always working to find consensus, it is also simple to compare various prices across the crypto market. Do you want to know how much Bitcoin currently costs?
The current price of Bitcoin in dollars and other currencies can be found on Cointelegraph, which provides accurate real-time data.
Additionally, there are live price charts available for a wide range of altcoins, including Binance Coin (BNB), Dogecoin (DOGE), and Ether (ETH). To get an idea of how much Bitcoin is currently costing, use the Cointelegraph cryptocurrency price indexes.
One of the most distinctive characteristics of the largest cryptocurrency is that it has a fixed supply of 21 million. However, people who are new to Bitcoin and cryptocurrencies frequently have trouble comprehending how the Bitcoin supply works.
There can be no more than 21 million “whole” coins, and each one can be divided to the nearest eight decimal places. This is another important feature that makes Bitcoin so adaptable: even if BTC/USD were to trade at $1 million, its smallest unit of account, the satoshi (also known as sats), would still only be worth one cent.
The use of Bitcoin for payments is still in its infancy, and the current prices of BTC indicate that one satoshi still has a long way to go before trading at a whole cent. However, the utility for investors is already present: Bitcoin can be purchased by anyone with at least one satoshi in currency.
On BTC price indexes, Bitcoin is typically quoted in USD, but that is only part of the story.Even when traditional markets are closed, the BTC/USD pair is constantly updated in real time to reflect Bitcoin’s dollar price.
However, there are other indexes that use other cryptocurrencies rather than Bitcoin’s dollar price outside of the USD.These are an essential part of the cryptocurrency economy and are referred to as “stablecoins” in U.S. dollars.
Tether (USDT), which is active on a number of blockchains but is always paired 1:1 with USD, is the stablecoin that is used the most. 1 USDT equals 1 USD.As a result, the pricing information on a BTC/USDT ticker and a BTC/USD ticker are largely identical, with only minor differences.
Additionally, tickers like BTC/USDC and BTC/BUSD can assist in comprehending Bitcoin’s dollar price. There are also additional USD stablecoins.
The issuance rules and peculiarities of stablecoins, which are distinct from those of fiat currencies, make stablecoin pairs distinct from BTC/USD. For instance, their dollar peg can malfunction at times, resulting in temporarily incorrect Bitcoin dollar pricing information.
