However, we can list some properties of Bitcoin that lead people to assign value to BTC. Bitcoin can be sent across the globe on a 24/7 basis and is not controlled by any intermediaries. Transactions can’t be censored, and the network is highly secure thanks to the massive amount of computing power that’s backing it. Even Satoshi Nakamoto, the inventor of Bitcoin, would not be able to force through any changes to the Bitcoin protocol if there was a lack of consensus amongst participants in the Bitcoin network. While nobody is in charge of Bitcoin, a number of individuals have made significant contributions to the project over the years. This includes Gavin Andresen, who served as Bitcoin’s lead developer starting in 2011.
What is Crypto Market Cap?
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs. The meme token has a $33.48 billion market cap and $1.36 billion in daily volume. DOGE continues to ride the wave of social media buzz and celebrity endorsements. However, retail interest remains lukewarm, and volume has not fully recovered.
- Bitcoin started off as a niche interest for cryptography and technology enthusiasts and eventually exploded in popularity, with the BTC price growing to thousands of dollars.
- Not only has Bitcoin one of the best-performing assets of the last 5 years, but it’s now also being taken more seriously by traditional investors.
- Corporate accumulation, institutional demand, signs of easing regulations and fiscal woes in the US have fueled BTC’s rally.
- Cryptocurrencies are decentralized and they are not pegged to other assets, excluding stablecoins.
- Cryptoasset services offered by Uphold Europe Limited are unregulated and not covered by the Financial Services Compensation Scheme as well as the FCA’s consumer protection regulations.
New Bitcoins are generated by miners using expensive computing machines and electricity. However, there is a limit of 21 million Bitcoins that can ever be mined. It is this pre-programmed limit that makes Bitcoin scarce and valuable to many investors. Its market cap is $26.60 billion with a trading volume of $689.42 million.
While ADA remains under pressure, developers are optimistic about upcoming upgrades such as the Hydra protocol. The crypto market today is up by 0.59% to a market cap of $3.44T as of 10.40 AM on May 28, 2025. The rise reflects growing investor confidence amid institutional activity and steady ETF inflows. Bitcoin price today holds firm at $108,926.58 while Ethereum breaks past $2,600, posting a solid 3.38% gain. Most altcoins are in the green, with TRON, BNB, and Solana registering modest gains.
With more than 14M ETH already staked, ETH could very well become deflationary after the transition. Furthermore, stakers are expected to earn between 8% and 12% APR at current projections. Staked ETH will not be withdrawable immediately after the Merge — it will only be enabled after the Shanghai upgrade, estimated to be 6 to 12 months later. One of the major differences between Bitcoin and Ethereum’s economics is that the latter is not deflationary, i.e. its total supply is not limited. Ethereum’s developers justify this by not wanting to have a “fixed security budget” for the network.
What affects crypto prices?
The UK does not consider Bitcoin and other Cryptocurrencies as legal tender. In simpler terms, it’s the value of a coin as determined by the coin market. The higher the market cap, the more valuable the coin is considered to be.
Cryptocurrency Supply
We have secured a 20% discount on all your MEXC Global trading fees—valid for up to a lifetime! We have secured a 20% discount on all your Binance trading fees—valid for up to a lifetime! ETH price stood at $2,649.55, marking a 24-hour jump of 3.23 percent at the time of writing. The altcoins market sustains the uptrend momentum, with decentralized finance (DeFi) and meme coins leading the way, despite the short-term volatility in Bitcoin (BTC), signaling a chance of a new altseason. Key monitoring levels on the downside include $106,639 (weekend support) and the demand area around $100,635, tested last on May 12.
We receive updated cryptocurrency prices directly from many exchanges based on their pairs. Dating back to 2010, CoinDesk Data offers full aggregate and trade level history for more than 10,000+ coins and 300,000+ crypto and https://ai-robert.com/what-channel-is-abc-on-spectrum-2025-guide/ fiat trading pairs on a daily, hourly and minute-by-minute basis. Realistically, the most likely way for you to lose your Bitcoin is user error. This can happen if your private keys are accidentally deleted, lost, or stolen.