The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more

4.5
Create a Coinbase account to buy and sell Bitcoin on the most secure crypto exchange.
Market cap
$526.6B
Volume (24h)
$5.6B
Circulating supply
19.5M BTC
Typical hold time
98 days
Popularity
#1
All time high
$68,789.63
Price change (1h)
-0.14%
Price change (24h)
+0.52%
Price change (7d)
+1.5%
Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Bitcoin has risen by 1.50% in the past 7 days. The price increased by 0.52% in the last 24 hours. In just the past hour, the price shrunk by 0.14%. The current price is $27,001.47 per BTC. Bitcoin is 60.75% below the all time high of $68,789.63.
The current circulating supply is 19,500,275 BTC.
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or team who outlined the technology in a 2008 white paper. It’s a simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on the Internet.
The invention of Bitcoin was a breakthrough in cryptography. Bitcoin’s key innovation was the blockchain — a piece of software that acts like a ledger, logging every transaction ever made using bitcoin. Unlike a bank’s ledger, the Bitcoin blockchain is distributed and verified across a network of computers. No company, country, or third party is in control of it. And anyone can become part of that network.
Bitcoin is based on encryption, making it extremely secure and universally accessible. Creating a “bank account” on the global Bitcoin network generates an extremely long password a.k.a. a “private key” that is impossible for anyone else to guess. Anyone, anywhere with Internet access can receive, send, and hold Bitcoin using the public version of their key (i.e. the version of their private key that can be freely shared in order to securely receive funds).
There will only ever be 21 million BTC. Bitcoin is digital money that cannot be inflated or manipulated by any individual, company, government, or central bank.
Bitcoin is highly divisible. You can hold, send, or receive fractions of a BTC. The smallest unit, i.e. 0.000 000 01 BTC, is called a “satoshi” or “sat.” As bitcoin’s value has risen, its easy divisibility has become a key attribute.
Bitcoin is often considered to be a “store of value” like gold, and like gold, new bitcoins are created by “mining” (up to a maximum 21 million coins).
Bitcoin mining is the process by which thousands of computers around the world compete to record and verify transactions on the network. These specialized computers known as ‘mining rigs’ perform the equations required to verify and record a new transaction.
In the early days, a typical desktop PC was powerful enough to participate, which allowed pretty much anyone who was curious to try their hand at mining. These days, however, the computers required are massive, specialized, and often owned by businesses or large numbers of individuals pooling their resources. As of October 2021, Cambridge University researchers estimate that U.S.-based miners maintain the highest percentage of global mining by country.
The principles behind Bitcoin first appeared in a white paper published online in late 2008 by a person or group going by the name Satoshi Nakamoto.
This paper wasn’t the first idea for digital money drawing on the fields of cryptography and computer science—in fact, the paper referred to earlier concepts—but it was a uniquely elegant solution to the problem of establishing trust between different online entities, where people may be hidden (like bitcoin’s own creator) by pseudonyms, or physically located on the other side of the planet.
Nakamoto devised a pair of intertwined concepts: the bitcoin private key and the blockchain ledger. When you hold bitcoin, you control it through a private key—a string of randomized numbers and letters that unlocks a virtual vault containing your purchase. Each private key is tracked on the virtual ledger called the blockchain.
Satoshi’s identity has never been revealed, and likely never will be. The fact that Bitcoin is not controlled by a single person or organization is core to its value proposition.
Bitcoin’s value is inspired by properties such as:
A fixed and predictable monetary supply. Unlike fiat currency (government-backed money), new Bitcoin cannot be created suddenly or by the trillions by any elected or unelected official. There will only ever be 21 million Bitcoin.
Bitcoin operates by open-source code and is globally transparent, unlike fiat currency. At any time, anyone can independently verify the total Bitcoin supply and its underlying code, as well as the balances of each account on the global ledger.
Bitcoin is secured by cutting-edge encryption, and is backed by immense amounts of energy. If an individual or organization were to try to undermine Bitcoin’s core encryption, it would require impossible amounts of energy, specialized computers, and space. Bitcoin is the most secure computing network in the world.
Unlike traditional bank accounts, anyone, anywhere can connect to the Bitcoin network. Bitcoin is an uncensorable and global network for transacting value.
So long as the above properties are useful to people across the world, Bitcoin will have value.
You can create an account on Coinbase or an increasing number of other reputable financial technology companies to buy, send, and receive Bitcoin. Bitcoin is also increasingly accessible via traditional financial portfolios, for example in October 2021 the first Bitcoin futures-based ETF was approved. (ETFs are a popular way for investors to gain exposure to an asset like gold or tech stocks, and now Bitcoin.)
Released: January 2009
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Conversion Table
BTC/USD (United States Dollar)
$27,001.47
BTC/CAD (Canadian Dollar)
CA$36,670.50
BTC/GBP (British Pound)
£22,138.34
BTC/JPY (Japanese Yen)
¥4,034,945.20
BTC/INR (Indian Rupee)
₹2,244,655.46
BTC/BRL (Real)
R$135,889.40
BTC/EUR (Euro)
€25,537.16
BTC/NGN (Nigerian Naira)
NGN 20,879,493.51
BTC/KRW (South Korean Won)
₩36,530,963.80
BTC/SGD (Singapore Dollar)
S$36,884.19
The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
Read more
Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
Read more
CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
Read more
The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
Read more
Unchained • Sep 26, 23
U.S. House Lawmakers Urge SEC’s Gensler to Approve Spot Bitcoin ETFs
Members of the House Financial Services Committee from both sides of the aisle nudged the Securities and Exchange Commission (SEC) Chair Gary Gensler to approve applications for spot bitcoin exchange-traded funds (ETFs), which are currently being held up in regulatory limbo. Reps. Mike Flood (R-NE),
Read more
Crypto Worldwide: How Bitcoin is driving crypto adoption and financial access across Africa
COINBASE BYTES • MAR 29, 2023
Market update: Why did Bitcoin just hit 2023 highs in the wake of a bank crisis?
COINBASE BYTES • MAR 22, 2023
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We update our Bitcoin to USD currency in real-time. Get the live price of Bitcoin on Coinbase.
The current market cap of Bitcoin is $526.62B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bitcoin is $68,789.63. This all-time high is highest price paid for Bitcoin since it was launched.
Over the last 24 hours, the trading volume of Bitcoin is $5.58B.
Assets that have a similar market cap to Bitcoin include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bitcoin is 20 million.
The median time that Coinbase customers hold Bitcoin before selling it or sending it to another account or address is 98 days.
Bitcoin ranks 1 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 99% of Coinbase users are buying Bitcoin. In other words, 99% of Coinbase customers have increased their net position in Bitcoin over the past 24 hours through trading.
Yes, Bitcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bitcoin guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.