Bitcoin has laid the groundwork for the emergence of many of the cryptocurrencies on the market and has marked a pivotal moment for digital payment solutions.
Key Points
- Price: Currently valued at $73,987.82.
- Market Cap: $1.46 trillion, indicating Bitcoin’s total market value.
- 24h Trading Volume: $78.5 billion, with a high activity ratio (Vol/Mkt Cap) of 5.28%.
- Fully Diluted Valuation (FDV): $1.55 trillion, the projected value if all Bitcoins were in circulation.
- Supply: 19.78 million BTC in circulation, close to the max supply of 21 million BTC.
Bitcoin, the most popular cryptocurrency on the market, has been promoted by entrepreneurs such as Elon Musk and governments such as El Salvador, where its use is legal. (Illustrative Image Infobae)
Bitcoin, the first cryptocurrency launched on the market , was created by Satoshi Nakamoto (pseudonym) in 2008 after the financial crisis that affected the world; this digital currency promoted a libertarian ideal and sought to challenge traditional monetary and financial institutions.
Known in the world of markets under the acronym BTC, Bitcoin uses cryptography to ensure that its management is decentralized , that is, it cannot be regulated by any institution or banking body, which in turn makes cryptocurrencies volatile.
Despite the progress and reach that Bitcoin and other large digital assets such as Ethereum have had, organizations such as the World Bank, the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB) are still skeptical about the benefits of this type of cryptocurrency.
Despite skepticism, there are those who have opted for Bitcoin: El Salvador became the first country to adopt this cryptocurrency as legal currency on June 9, 2021, and Honduras Próspera, a special autonomous zone in Central America, has also done the same.
Bitcoin cryptocurrency price
The cost of the Bitcoin cryptocurrency for today at 09:00 (UTC) is $69075.42 . This means that the digital asset has changed by 0.74% in the last day, as well as moved by 0.46% in the last hour.
Due to its capitalization level, this digital currency occupies the #1 position among the most popular.
Bitcoin hits new record high and leads the boom in the cryptocurrency market
On March 12, Bitcoin reached a new all-time high , surpassing previous values and reaffirming itself as the most important cryptocurrency on the market, approaching $73,000 . This record was achieved amid an unprecedented flow of investments into cryptocurrencies, a notable event for the digital financial sector.
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The rise in the value of bitcoin occurs in a context where there is a massive influx of capital into cryptocurrencies, indicating a growing interest and confidence of investors in these assets . The rise in price benefits not only bitcoin but also has a positive impact on the cryptocurrency market in general, favoring greater stability and visibility, according to an analysis by Bloomberg .
Experts attributed this rise to different factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and continued innovation in the blockchain technology that supports Bitcoin and other digital currencies. This combination of factors has created an environment conducive to continued growth in the value of Bitcoin.
How to acquire them
Specialized portals are used to buy and exchange them . Their value varies depending on supply, demand and user commitment, so they can change faster than traditional money, but the more people are interested and want to buy a certain currency, the higher its price will be.
However, anyone who invests in this type of digital currency must be very clear that this method entails a high risk to capital , because, just as there may be an increase, it may also unexpectedly collapse and wipe out the savings of its users.
To store them, users must have a digital wallet , which is actually a software through which it is possible to store, send and make transactions with cryptocurrencies. In reality, this type of wallet only stores the keys that mark the ownership and rights of a person over a certain cryptocurrency, so these codes are the ones that really need to be protected.
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