Bitcoin Price in US Dollar (USD)

Live BTC to USD Conversion Rates and Market Information
Bitcoin logo
Bitcoin
(BTC)
101868.45$
1.44%
Rank
#1
Market Cap
2,017,674,204,569.233$
Supply
19,795,018
Rating 94.26199047619048/100%
21,000,000
24H Average
100972.38$
Record High
103730.84$
Dec 5. 2024
Record Low
119.65$
Jul 6. 2013
  • 1d
    1.44%
  • 7d
    0.42%
  • 14d
    7.22%
  • 30d
    17.88%
  • 1y
    146.70%

Bitcoin Price Trend in USD

The current Bitcoin price in USD is 101868.45$. Since yesterday, the price of Bitcoin has risen by 1449.83 US Dollar. This marks a daily price increase of 1.44%. Over the past week, the Bitcoin USD price has been rising overall; On a seven day basis, the USD price of Bitcoin is up 429.99$ (0.42%). On a larger timeframe, the BTC price USD has risen by 60576.68$ over the past year.
The lowest recorded BTC price in US Dollar was 67.81$. This all time low price of BTC vs. US Dollar has been recorded on 06.07.2013. The highest Bitcoin price in USD so far has been 103679.00$ – a major price milestone reached on 05.12.2024. Today, the Bitcoin price in US Dollar is 1811.00 away from reaching another all time high.
Bitcoin prices in US Dollar (USD)
NowYesterdayLast WeekLast MonthLast Year
1 BTC101868.45$100435.87$97201.50$88264.60$42931.76$
0.9 BTC91681.61$90392.28$87481.35$79438.14$38638.58$
0.8 BTC81494.76$80348.70$77761.20$70611.68$34345.41$
0.7 BTC71307.92$70305.11$68041.05$61785.22$30052.23$
0.6 BTC61121.07$60261.52$58320.90$52958.76$25759.06$
0.5 BTC50934.23$50217.93$48600.75$44132.30$21465.88$
0.4 BTC40747.38$40174.35$38880.60$35305.84$17172.70$
0.3 BTC30560.54$30130.76$29160.45$26479.38$12879.53$
0.2 BTC20373.69$20087.17$19440.30$17652.92$8586.35$
0.1 BTC10186.85$10043.59$9720.15$8826.46$4293.18$

Bitcoin – Price and Market Dynamics

Bitcoin, created in 2009, was designed to revolutionize traditional currency by offering a decentralized and transparent alternative. Today, investors buy Bitcoin at all sorts of prices as a store of value and hedge against economic uncertainties. Understanding its price dynamics is essential; The price of Bitcoin is one of the most volatile and interesting phenomena of the modern markets, influenced by factors such as scarcity due to halving events, institutional involvement, and individual investors seeking a digital, truly deflationary asset.

But what exactly does the current Bitcoin Price represent, and how is it measured?

How to Determine Bitcoin's Price

The current Bitcoin price in USD is determined on Bitcoin exchanges or trading platforms through three major metrics: the bid and ask prices, and the resulting spread.

In essence, the Bitcoin bid price represents the maximum a buyer is willing to pay for Bitcoin, while the asking price signifies the minimum price a seller is willing to accept for his Bitcoin. The spread is the difference between those two.

The middle between the highest bid and lowest ask price is the current Bitcoin price in US dollars.

It's important to note that Bitcoin prices differ slightly across exchanges due to varying liquidity, trading volume, and supply & demand. To create the most realistic estimation of the live Bitcoin price in USD, our Bitcoin price index tracks the average prices across multiple exchanges, offering a representative average BTC price across all major markets.

Measuring Bitcoin's Price in Fiat

When it comes to tracking Bitcoin's price, the common practice is to measure it in the US Dollar (USD). However, for every fiat currency out there, there is a different Bitcoin price: To measure the impact of Bitcoin's price action, one should go beyond the conventional USD valuation and consider measuring Bitcoin's price in their local fiat currency.

In countries facing hyperinflation and economic uncertainty, the price of Bitcoin knows only one direction, as its price is continuously hitting new all-time highs. This highlights the different impacts of Bitcoin's price action across different countries with different currencies.

Unlike fiat currencies, which can be printed without limits, Bitcoin has a capped supply—only 21 million will ever exist. In theory, this scarcity should cause Bitcoin Price in USD to keep rising against all fiat currencies in the long run.

While the theory suggests a slow but continual rise in Bitcoin's price against the US dollar and other currencies, the practical application varies depending on the fiat currency the current BTC price is measured against.

Drivers of Bitcoin Price USD

At its core, the price of Bitcoin is determined by the interplay between supply and demand in the open market. When the demand for Bitcoin increases, typically driven by growing interest across media or the perceived value overall, the Bitcoin price experiences an upward trajectory. Likewise, the BTC price in USD tends to decline during periods of increased selling pressure, where automatic Bitcoin DCA can improve the psychological perception of a falling price. This fundamental economic concept applies to Bitcoin just as it does to traditional commodities and assets.

The decentralized nature of Bitcoin, with no central authority controlling its issuance or distribution, makes it particularly susceptible to the forces of supply and demand. As more show interest in Bitcoin, its scarcity becomes more pronounced, and the Bitcoin price responds accordingly.

Deflationary Bitcoin Price

One major driver of the Bitcoin price in USD is its deflationary emission rate: The Halving, occurring approximately every four years, is a unique event that cuts Bitcoin's emissions in half. This infinite emission reduction serves to limit the total supply and heighten its scarcity.

These emission cuts have historically been associated with significant upward Bitcoin price movements. As the potential for new Bitcoin entering circulation diminishes, the market often responds with increased demand, contributing upward price momentum. This occurrence reinforces that scarcity plays a major role in the Bitcoin price in USD.

Institutional Price Impact

In recent years, the entrance of institutional investors into the Bitcoin space has further shaped Bitcoin's price movements. One major development in this regard is the advent of Bitcoin Exchange-Traded Funds (ETFs). These investment vehicles enable institutions to gain exposure to Bitcoin's price movements without directly holding the cryptocurrency.

When institutions invest in Bitcoin through ETFs, they contribute to the overall demand for the digital asset and hence price appreciation. The influx of institutional funds not only reflects the growing acceptance of Bitcoin as a legitimate investment but also has the potential to drive the Bitcoin price in US-Dollars higher due to increased demand from these large-scale investors.

Frequently asked Questions
What is the Bitcoin price today?
The current Bitcoin price in US Dollar is 101868.45$. In comparison, the price of BTC yesterday was 100435.87$.
What is the market cap of Bitcoin in US Dollar?
The current market capitalization of Bitcoin in USD is 2,016,487,900,277$. This figure is derived from multiplying the Bitcoin price (101868.45$) with the circulating supply (19,795,018 BTC).
What was the highest Bitcoin price in USD?
The highest ever recorded Bitcoin price in USD is 103679.00$, recorded on the 12.5.2024.
What was the lowest Bitcoin price in USD?
The lowest Bitcoin price in USD is 67.81$, and was recorded on the 7.6.2013.