- December 4, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Bitcoin is always open and the BTC price is constantly changing — find out how to track it and understand more about Bitcoin price action with the Cointelegraph crypto price indexes.
Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps, and the BTC price is constantly changing. It doesn’t matter which currency or commodity is used to measure how much a bitcoin is worth — BTC is always live and the market is always open.
It wasn’t always that way — in the beginning, before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at tiny prices — at one point even less than a single U.S. dollar cent. Since those days, however, the Bitcoin price has gone up millions of percent.
As of December 2022, one bitcoin is worth (BTC). It’s also easy to compare different prices across the crypto market — there’s no need to rely on a single source, and the market is always at work finding consensus. Want to know how much Bitcoin costs right now? Cointelegraph offers reliable real-time information for the current price of Bitcoin in dollars and other currencies.
There are also live price charts for a wide range of altcoins including Ether (ETH), Dogecoin (DOGE) and Binance Coin (BNB). Check out the Cointelegraph crypto price indexes to get started with the current price of Bitcoin.
How much is 1 Bitcoin worth? How much is 5 Bitcoin worth?
Bitcoin has a fixed supply of 21 million, and its scarcity is one of the largest cryptocurrency’s unique features. BTC newbies and those unfamiliar with crypto often encounter problems understanding how the Bitcoin supply works, however.
There can be a maximum of 21 million “whole” coins, but these can be divided by up to eight decimal places. This is another key feature which makes Bitcoin so versatile — even if BTC/USD traded at $1 million, its smallest unit of account, the satoshi (often called sats), would still be worth just 1 cent.
Bitcoin for payments is yet to become widespread, and current BTC prices mean that 1 satoshi has a way to go before trading at a whole cent. Nonetheless, for investors, the utility is already there — anyone with at least one satoshi’s worth of currency can buy Bitcoin.
Nonetheless, among mainstream consumers, the myth still remains that it is only possible to buy one whole bitcoin — when in fact anyone can buy one hundred millionth of a bitcoin.
Want to know how much 1 bitcoin is worth beyond 100 million sats? Cointelegraph has dedicated price indexes covering BTC, as well as a wide range of altcoins such as Ether and Binance Coin. Updated in real time for a number of major exchanges, the Cointelegraph price indexes are the ideal tool for getting to grips with live crypto price info.
How much is one Bitcoin in dollars?
Bitcoin is most commonly quoted in U.S. dollars (USD) on BTC price indexes — but that’s not the whole story. The BTC/USD pair refers to the price of Bitcoin in dollars, and is constantly updated in real time even when traditional markets are closed.
Beyond USD, however, there are other indexes which refer to the dollar price of Bitcoin but use other cryptocurrencies instead. These are known as U.S. dollar “stablecoins” and are a key component of the crypto economy.
The most widely-used stablecoin is Tether (USDT), active on several blockchains but always pegged at a rate of 1:1 with USD. 1 USDT = 1 USD. Thus, a BTC/USDT ticker displays highly similar pricing information to a BTC/USD ticker, mostly subject to only minute differences. There are other USD stablecoins, too, and tickers such as BTC/USDC and BTC/BUSD can also help to understand the dollar price of Bitcoin.
Bitcoin stablecoin pairs are nonetheless not identical to BTC/USD — stablecoins have their own issuance rules and peculiarities, which are separate from fiat currencies. Sometimes, their dollar peg can break down, for instance, and this temporarily creates inaccurate pricing information for Bitcoin in dollars.
For the latest live BTC/USD price information, check out the Cointelegraph price indexes, updated in real time 24/7 for the world’s biggest crypto exchanges.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
