Bitcoin price development 24 hours (Last Updated on 29th June 2021)
The current Bitcoin price now stands at 34,375.00 $ with a 24-hour trading volume of 32,482,892,690 $ . Bitcoin is up 5.12% in the past 24 hours . In the current ranking by market capitalization, Bitcoin is # 1 with $ 643,731,152,472 . There are currently 18,743,862 out of 21,000,000 Bitcoin on the market.
The price development of Bitcoin is shown in euros (EUR), Swiss francs (CHF) and US dollars (USD). The time interval can be adjusted manually. The displayed Bitcoin course is automatically updated every 2 seconds.
Bitcoin – USD (BTC-USD) | Marketcap, Rank, Volume
Bitcoin Fear & Greed Index
Why Measure Fear and Greed?
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”. See below for further information on our data sources.
The market capitalization is 643,731,152,472 $ which Bitcoin currently occupied by market capitalization the first place in the ranking.
What is Bitcoin (BTC)?
Bitcoin (BTC) is the world’s first cryptocurrency which, thanks to its enormous market capitalization, still holds the market-leading position. The Bitcoin network started on January 3, 2009, although development began in 2007 and the white paper was presented in 2008.
The inventor or inventors of Bitcoin are still unknown today and always came into contact with other developers or the Bitcoin community under the pseudonym Satoshi Nakamoto. Satoshi is considered to be the inventor of the groundbreaking blockchain technology. They ensure in the Bitcoin network that all transactions can take place in a tamper-proof manner.
The inventor made his last appearance in 2011, and since then he or she has disappeared or disappeared without a trace.
Satoshi Nakamoto’s invention is a legacy that has since been further developed open-source by the Bitcoin community. This is a decentralized monetary system that can neither be censored nor manipulated. Bitcoin thus represents a real alternative to state currencies and was even raised to legal tender status in El Salvador in 2021. This illustrates once again the revolutionary potential of BTC.
How is the Bitcoin rate determined?
Unlike traditional assets such as stocks, the market does not yet have a uniform price index. Therefore, the Bitcoin rate is mapped quite differently, because here the question arises as to which Bitcoin exchanges are used for the data. In general, it can be assumed that the current price can be determined most accurately if one forms an average value from the data of the world’s largest trading centers.
The BTC exchange rate is denominated internationally in US dollars and therefore the euro is less suitable for orienting oneself on price developments. Like the Swiss franc, it plays more of a role if you want to buy Bitcoin with the respective local currencies. We have provided a practical Bitcoin calculator for you on this page so that you can quickly convert between currencies.
Is there price manipulation at BTC?
The good news first: No, the Bitcoin rate cannot be manipulated in the way that it would be possible with Pennystocks, for example. Bitcoin was certainly more susceptible to manipulation attempts in its younger years, but due to the high market capitalization, a “pump & dump” is no longer possible in practice.
Another topic, however, is the debate about the statements and decisions made by Elon Musk. Tesla initially accepted Bitcoin as a means of payment in early 2021 and added BTC worth 1.5 billion US dollars. A few months later, Musk distanced himself from Bitcoin and described the network, and in particular mining, as harmful to the environment. In both cases, the Bitcoin price swung violently, initially upwards and sharply downwards after the environmental scolding. Then in June the withdrawal – if 50 percent of the miners credibly obtain their electricity from renewable energy sources, a re-integration of Bitcoin would have to be considered. That drove the course up again.
For critics of the Tesla boss one thing is clear: he is manipulating the market.
What events affect the Bitcoin rate?
The Bitcoin price is usually not subject to any regular events that are anticipated or expected by market participants. In the case of company stocks, for example, these would be quarterly figures or reports specific to the currency market on the economic data of a country, which are created at a certain rhythm.
The only recurring event is the so-called Bitcoin Halving. As already briefly mentioned, the block reward is reduced every four years. It is distributed to the miners as a reward and is at the same time part of the ever-decreasing inflation of the money supply in the Bitcoin network. Therefore, Bitcoin is becoming increasingly scarce because there are fewer and fewer new BTC that are produced by the miners.
So far, the Bitcoin price has risen after every halving. So after the last event in 2020. Of course, there is no guarantee that this will happen again in 2024, but for many speculators, halving is one of the few fixed points on the calendar.
When is the last Bitcoin halving?
The last halving is expected to take place in 2140: Then all 21 million BTC will be in circulation and the miners will only finance themselves through the transaction fees that are incurred with every Bitcoin transaction.
Why does the Bitcoin price fluctuate so much?
Every market comes about through demand and supply. This is also the case with Bitcoin and therefore the market is subject to a very classic mechanism. If the demand rises, the price rises too. If demand falls or sales rise, the Bitcoin course turns south. The resulting price fluctuations are much more severe than with many other assets, among other things because Bitcoin is deflationary in character.
If the demand increases suddenly, then the market participants encounter a greatly reduced supply because simply no Bitcoin is available. A different effect can be observed in the opposite direction, because unlike traditional assets, there are not nearly as gigantic sums of money involved. Hence, a sudden sell-off meets a low volume of money.
So-called flash crashes are a completely different aspect. They are particularly triggered by the derivatives markets. Here the traders trade with leverage, i.e. they operate with money that does not belong to them. If a large number of trades go in the wrong direction, the exchanges are required to liquidate the traders’ positions, because otherwise they would slide into the red. As the positions are sold off, the price keeps falling. This in turn triggers a chain reaction because other traders slide into the red and are also liquidated.
This is also called cascading liquidations, which result in a landslide-like price drop. Such an event was last seen in May 2021 when the Bitcoin price lost more than 60 percent of its all-time high.
Bitcoin price history and highs
$ 0.06: 2010 (1st Bitcoin price)
1 US dollar: February 2011
$ 10: June 2011
$ 100: April 2013
$ 1,000: November 2013
$ 5,000: October 2017
$ 10,000: December 2017
$ 20,000: December 2020
$ 50,000: February 2021
$ 64,805: April 2021
What is the current price of Bitcoin?
A Bitcoin currently costs $ 34,375.00 . In the past 24 hours, the Bitcoin price has risen by 5.12% .
What is Bitcoin’s all-time high?
Bitcoin’s all-time high is currently $ 64,805.00 . Bitcoin reached this rate on April 14th, 2021.
How many Bitcoin are there?
There are currently 18,743,862 BTC Bitcoin in circulation. There is a maximum of 21,000,000 BTC.