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3/20/2023, 1:24:27 PM

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Market stats

Market cap


Volume (24h)


Circulating supply

19.3M BTC

Typical hold time

153 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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Bitcoin is on the rise this week.

The price of Bitcoin has risen by 26.80% in the past 7 days. The price increased by 3.42% in the last 24 hours. In just the past hour, the price shrunk by 0.46%. The current price is $28,157.18 per BTC. Bitcoin is 59.07% below the all time high of $68,789.63.

The current circulating supply is 19,322,875 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.

How does Bitcoin work?

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.

What is Bitcoin mining?

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.

Who created Bitcoin?

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.

How does Bitcoin have value?  

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.

How can I buy Bitcoin?

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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Some highlights about Bitcoin on social media

Bitcoin was mentioned in 296,454 out of 1,564,586 social media posts on Twitter and Reddit on Mar 18, 2023. This is a 14.12% increase compared to yesterday's volume. Additionally, 21,417 unique individuals are talking about Bitcoin and it is ranked #1 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin has an average sentiment score of 3.6 out of 5. Finally, Bitcoin is becoming more newsworthy, with 22 news articles published about Bitcoin. This is a 5.23% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Bitcoin. There were 64.86% of tweets with bullish sentiment compared to 3.72% of tweets with a bearish sentiment about Bitcoin. 31.41% of tweets were neutral about Bitcoin. These sentiments are based on 21033 tweets.

On Reddit, Bitcoin was mentioned in 45 Reddit posts and there were 220 comments about Bitcoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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21,417 people


296,454 posts



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Average Sentiment

3.6 out of 5

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BTC in bear market

Silver lining: crypto markets show signs of resilience, despite turbulence


In the days following initial rumors of FTX’s insolvency, Bitcoin tumbled 30% and the overall crypto market cap fell from above $1 trillion to below $800 billion. But even as the situation continues to evolve, crypto markets have staged a modest recovery in the last few weeks. Bitcoin has risen 10% since Nov. 21, hovering around $17,000, and ETH has gained 13% in that same time span.
    Why it matters… While crypto remains in the depths of a bear market and many coins are down more than 80% from their all-time highs, innovators are still building, and institutions are still investing in the future of the space. On Tuesday, Reuters reported that Goldman Sachs intends to spend tens of millions of dollars to buy and invest in crypto companies now that valuations are lower. As the investing giant’s head of digital assets put it: “We do see some really interesting opportunities, priced much more sensibly.”
    40%: Bitcoin’s share of cryptocurrency’s total market cap, a percentage that has largely remained stagnant amid the recent turmoil. Typically in times of industry distress, BTC’s dominance rises, but its plateau could indicate that some investors are deciding to keep assets in cash instead.
    Did you know? Markets experiencing sustained and/or substantial growth are called bull markets. Markets experiencing sustained and/or substantial declines are called bear markets. Each presents its own set of opportunities and pitfalls. Learn more about bear markets.
Bitcoin & inflation report

Market Update: crypto and stock markets bracing for inflation report


Global markets were especially jittery ahead of last Thursday’s Consumer Price Index (CPI) report. The CPI provides the latest data on U.S. inflation and set the stage for the Federal Reserve’s November rate-hike plans. 
    Bitcoin and the S&P 500 have lost market cap due to anxieties about September’s relatively strong job growth, the inflation report, and the Fed’s response.
    All eyes are now on September’s CPI report. If it shows inflation remains north of 8%, near four-decade highs, some analysts believe another 0.75% rate hike is likely a certainty.
    As one analyst put it on CNBC: “There seems to be some jitters and derisking across all markets as we approach Thursday’s CPI release. Bitcoin is moving closely with equities.”

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What is the current price of Bitcoin?

We update our Bitcoin to USD currency in real-time. Get the live price of Bitcoin on Coinbase.

What is the market cap of Bitcoin?

The current market cap of Bitcoin is $545.30B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bitcoin?

The all-time high of Bitcoin is $68,789.63. This all-time high is highest price paid for Bitcoin since it was launched.

What is the 24 hour trading volume of Bitcoin?

Over the last 24 hours, the trading volume of Bitcoin is $48.78B.

What other assets are similar to Bitcoin?

Assets that have a similar market cap to Bitcoin include Ethereum 2, Ethereum, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Bitcoin are there?

The current circulating supply of Bitcoin is 19 million.

What is the typical holding time of Bitcoin?

The median time that Coinbase customers hold Bitcoin before selling it or sending it to another account or address is 153 days.

What is the relative popularity of Bitcoin?

Bitcoin ranks 1 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bitcoin?

Currently, 97% of Coinbase users are buying Bitcoin. In other words, 97% of Coinbase customers have increased their net position in Bitcoin over the past 24 hours through trading.

Can I buy Bitcoin on Coinbase?

Yes, Bitcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bitcoin guide.