Bitcoin’s is being moved up with gentle rhythm. The 24-hour trading volume is around £23.1 billion, and it has a market cap of about £391.5 billion. The 52-week high of Bitcoin is £36,750, while the 52-week low is £13,195.
If you purchased a single Bitcoin at the 52-week low of £13,195 and sold it at today’s price of £20,285, you’d earn £7,090 for a positive return of 53.73%.
Alternatively, if you purchased a single Bitcoin at the 52-week high of £36,750 and sold it at today’s price, you’d have a negative return of 44.8%, or minus £16,465.
If you want to start investing in Bitcoin, you’ll need a crypto exchange to do so. Keep in mind you may owe taxes on any gains you realise. Past performance is not a predictor of future results. Purchasing Bitcoin is speculative and you may lose all of your investment.
Bitcoin Price Over Time
Bitcoin has moved up by 1.28% within the last 24 hours. Overall, BTC’s price today is above its 52-week low of £13,195.
Over the past week, Bitcoin has hit a high of £20,927 and a low of £19,595.
The cryptocurrency, overall, has moved up during the past three months. Over the past 90 days, it has increased to its current price of £20,285.
How Many Bitcoins (BTC) Are There?
As of now, a total of 19,299,550 Bitcoins have been mined. Several million Bitcoins are thought to be inaccessible, due to holders having lost network keys or wallet passwords. There is a total maximum limit of 21 million Bitcoins that can ever be created. Given the total number of mined coins and the maximum limit, only 1,700,450 Bitcoins are left to be produced.
Analysts project that the last Bitcoin will be mined sometime around 2140. No new Bitcoins will enter circulation after this point.
As the first cryptocurrency, Bitcoin is the best known of the more than 5,000 cryptocurrencies on the market today. But the ins and outs of this cryptocurrency can be difficult to understand. Here’s a look at how Bitcoin works.
Register now for one of the Evening Standard’s newsletters. From a daily news briefing to Homes & Property insights, plus lifestyle, going out, offers and more. For the best stories in your inbox, click here.
Indeed, the technical picture seems to be improving, with key levels just north of $25,000 in sight that would confirm momentum behind the crypto rally and pave the way for more gains for Bitcoin.
“Our long-term momentum gauges still point lower, but we would view a confirmed breakout (consecutive weekly closes above $25,200) resistance as a bullish long-term development,” said Katie Stockton, managing partner at technical research firm Fairlead Strategies.
Beyond Bitcoin, EtherETHUSD +1.14% —the second-largest digital asset—was down less than1% to below $1,650. Smaller cryptos or altcoins were also down, with both Cardano and Polygon down 1%. Memecoins were more mixed, with Dogecoin DOGEUSD –0.71% down 1% though Shiba Inu jumped 2%.