BTC (Bitcoin) is the original and most widely recognized cryptocurrency, launched in 2009 by the pseudonymous creator Satoshi Nakamoto. It operates on a decentralized blockchain network, enabling peer‑to‑peer transactions without intermediaries like banks.
Key Features of BTC
1. Limited supply: Only 21 million BTC will ever exist, creating scarcity that drives value.
2. Decentralized: No single entity controls the network; consensus is achieved through mining (Proof‑of‑Work).
3. Security: Transactions are cryptographically secured and immutable on the blockchain.
4. Market dominance: BTC typically sets the trend for the broader crypto market.
Current Market Snapshot (from your image)
- Price: ₨19,765,760.78 (70,817.10 USDT) with a +2.00% change.
- 24h range: High ₨72,271.41 – Low ₨69,327.16.
- Volume: 23,029.91 BTC traded in 24 hours, worth 1.63 billion USDT.
- Moving averages: MA60 = 70,581.91, suggesting the price is slightly above the medium‑term average.
- Performance: Down –0.46% today, but down –40.67% over 180 days, showing long‑term volatility.
Why BTC Matters
- Investment: Many view BTC as “digital gold,” a hedge against inflation and geopolitical uncertainty.
- Adoption: Increasing acceptance by businesses and institutional investors boosts its legitimacy.
- Technology: The Bitcoin protocol inspires innovations in blockchain and decentralized finance (DeFi).
Tips for Tracking BTC
- Monitor volatility and volume to gauge market sentiment.
- Use technical indicators like MA (Moving Average) and MACD for trend analysis.
- Stay updated on regulatory news, as policy changes can sharply affect price.
Next Steps for Your Creator Pad
If you want deeper analysis, let me know whether you need:
- Technical analysis with chart patterns and indicators.
- Fundamental outlook on BTC adoption and macro effects.
- Trading strategies tailored to your risk tolerance.
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