Bitcoin Price (BTC)
Price Chart
Modest gains today — price edged higher. No strong conviction signal either way.
Positive week overall — price is trending higher. Healthy if gains are steady rather than spiking.
Price is trading near its highest point of the day — strong intraday demand. If it closes here, bulls maintain control.
RSI of 71 means the price has risen fast and may be overextended. RSI above 70 often signals a pullback or consolidation is coming — not a sell signal on its own, but a caution flag.
The 7-day average price is more than 3% above the 30-day average — a sign that recent momentum is decisively bullish. The trend may continue but watch for exhaustion.
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About Bitcoin
The original cryptocurrency and the largest by market capitalization.
Bitcoin is a peer-to-peer digital currency invented in 2008 by an anonymous developer using the pseudonym Satoshi Nakamoto. It runs on a decentralized network of computers worldwide and uses a consensus mechanism called proof-of-work to validate transactions without any central authority. Bitcoin is the largest and most widely-traded cryptocurrency on the planet, and the only one supported by every major exchange.
Bitcoin is used primarily as a store of value — often called "digital gold" — and as a hedge against inflation in countries with weak currencies. A growing number of merchants accept it directly, and major payment networks like Visa, PayPal, and Cash App allow customers to buy and hold Bitcoin. Institutional adoption has grown rapidly: spot Bitcoin ETFs are available in Canada (since 2021) and the US (since January 2024).
Key facts
| Category | Currency / Store of Value |
| Launched | 2009 |
| Consensus | Proof of Work (SHA-256) |
| Supply | Capped at 21 million BTC. New coins issued via mining; issuance halves every ~4 years. |
| Founder | Satoshi Nakamoto (pseudonymous) |
| Official site | https://bitcoin.org |
| Whitepaper | Read the whitepaper |