Bitcoin (BTC) trades 24 hours a day, seven days a week. It’s a market that never sleeps, and the price of BTC is constantly changing. It doesn’t matter what currency or commodity is used to measure how much a bitcoin is worth: BTC is always working and the market is always open.
It wasn’t always like this: in the beginning, before 2010, there were no exchanges or even reliable price information, and the BTC/USD pair was trading at rock bottom prices., at one point even less than a US cent. However, since those days, the price of bitcoin has risen millions of times.
As of December 2022, one bitcoin (BTC) is worth $17,099 (as of this writing). It is also easy to compare the different prices in the cryptocurrency market: there is no need to trust only one source, and the market is always working to find a consensus. Do you want to know how much bitcoin costs right now? Cointelegraph offers reliable real-time information on the current price of bitcoin in dollars and other currencies.
There are also real-time price charts for a wide range of altcoins including Ether (ETH), Dogecoin (DOGE), and Binance Coin (BNB).. Check Cointelegraph’s Cryptocurrency Price Indices for the current bitcoin price.
How much is 1 bitcoin worth? How much are 5 bitcoins worth?
Bitcoin has a fixed supply of 21 million, and its scarcity is one of the unique characteristics of the largest cryptocurrency.. However, BTC newbies and those unfamiliar with cryptocurrency often have trouble understanding how the bitcoin offering works.
There can be a maximum of 21 million “whole” coins, but these can be divided up to eight decimal places. This is another key feature that makes bitcoin so versatile: even If the BTC/USD pair were trading at $1 million, its smallest unit of account, the satoshi (often called sats), would still be worth just 1 cent..
The use of bitcoin for payments has not yet gone mainstream, and current BTC prices mean that 1 satoshi has a ways to go before trading at one cent. However, for investors, the utility is already there: anyone who has at least one satoshi equivalent in any currency can buy bitcoin.
Nevertheless, There is still a myth among mainstream consumers that it is only possible to buy a whole bitcoin.when in reality Anyone can buy one hundred millionth of a bitcoin.
Do you want to know how much 1 bitcoin is worth beyond 100 million sats? Cointelegraph has dedicated price indices covering BTC, as well as a wide range of altcoins like Ether and Binance Coin.. Updated in real time for major exchanges, Cointelegraph’s price indices are the ideal tool for live cryptocurrency prices.
How much does a bitcoin cost in dollars?
In BTC price indices, bitcoin is normally quoted in US dollars (USD), But that is not all. The BTC/USD pair refers to the bitcoin price in dollars, and is constantly updated in real time even when traditional markets are closed.
However, beyond the dollar, There are other indices that refer to the bitcoin price in dollars but use other cryptocurrencies instead. They are known as “stablecoins” in dollars and are a key component of the crypto economy.
The most widely used stablecoin is Tether (USDT), active on various blockchains but always pegged at a 1:1 rate to USD. 1 USDT = 1 USD. Therefore, a BTC/USDT ticker shows price information very similar to that of a BTC/USD ticker, in most cases with minimal differences. There are also other USD stablecoins, and tickers like BTC/USDC and BTC/BUSD can also help you understand the dollar price of bitcoin.
Nevertheless, stablecoin and bitcoin pairs are not identical to the BTC/USD pair: stablecoins have their own issuance rules and quirks, which are independent of fiat currencies. Sometimes its peg to the dollar can be broken, for example, and this temporarily creates inaccurate information about the dollar price of bitcoin.
For the latest real-time BTC/USD price information, check out Cointelegraph’s Price Indices, updated 24/7 for the world’s largest cryptocurrency exchanges.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.