What currency is Bitcoin? This article teaches you how to buy and trade Bitcoin

Bitcoin is a decentralized digital currency created anonymously (2009) and not controlled by a central authority. How to buy and trade Bitcoin: Choose a platform and create an account Top up funds/Bitcoin Place an order to buy or trade Bitcoin

What currency is Bitcoin?

Bitcoin is a decentralized digital currency created anonymously in 2009 by Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is not controlled by a central authority but runs on a computer network through blockchain technology.

How to Buy Bitcoin

1. Choose a Platform: There are a variety of platforms that allow you to buy Bitcoin, including cryptocurrency exchanges, brokerages, and peer-to-peer markets. Choose a platform that is reputable and suitable for your needs.

2. Create an account: Register an account on the platform of your choice and provide the necessary personal information for identity verification.

3. Recharge funds: Use bank transfer, credit card or other supported payment methods to recharge your account.

4. Place an order to buy: Find the Bitcoin trading pair on the platform (such as BTC/USDT) and enter the quantity and price you want to buy. Confirm the order and execute it.

How to trade Bitcoin

1. Choose a trading platform: There are a variety of trading platforms available for trading Bitcoin, including centralized exchanges, decentralized exchanges, and peer-to-peer platforms. Choose a platform that meets your needs and has the features you want.

2. Create a trading account: Register an account on the trading platform of your choice and complete KYC verification.

3. Deposit Bitcoin: Transfer Bitcoin from your wallet or other platform to your trading account.

4. Place an order: Find the Bitcoin trading pair (such as BTC/USDT) on the trading platform and enter the quantity, price and transaction type you want to trade. Confirm the order and execute it.

Bitcoin Price Tracking

As of 13:00 on July 26, 2024, Bitcoin (BTC) was trading at $66,987.77, with a 24-hour trading volume of $353.9 billion. Bitcoin is up 4.28% over the past 24 hours.

Reasons for Change

The rise in Bitcoin price can be attributed to the following factors:

• Macroeconomic Uncertainty: Global economic concerns and rising inflation have led investors to seek safe-haven assets, and Bitcoin is one of them one.
• Institutional Adoption: More institutional investors are including Bitcoin in their portfolios, which increases the demand for the currency.
• Halving Effect: Bitcoin’s halving event is expected to occur in January 2024, which will reduce the number of Bitcoins entering the market.

Future trend prediction

In the short term, Bitcoin is expected to continue to rise. Macroeconomic uncertainty will continue and institutional adoption will increase. Additionally, the halving effect could push prices even higher.

Recommendation

For investors looking to add Bitcoin to their portfolio, now may be a good time to buy. However, investors should always conduct their own research and risk assessment before making any investment.

Key indicators

• Current price: 66987.77 US dollars
• 24-hour trading volume: 353.9 billion US dollars
• Circulation market capitalization: 132.1 trillion US dollars
• 24-hour increase: 4.28%
• Circulation volume: 19.73 million US dollars
• Market capitalization: 132.1 trillion US dollars

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