Bitcoin Tracker

Bitcoin Overview: Bitcoin (BTC) is the world's first cryptocurrency, built on distributed ledger (blockchain) technology using a proof-of-work (PoW) mechanism. It's decentralized, not backed by any central bank or government.

Key Features: Bitcoin functions as a digital currency for peer-to-peer electronic transactions. It can be traded for goods or services and has pioneered the cryptocurrency market. Its value is influenced by market sentiment, speculation, and its fixed supply of 21 million coins.

Recent Developments: The market has seen significant institutional interest. Events like Bitcoin halvings (the last one in April 2024) impact its supply and often influence price, though recent halvings have shown a more mature market response. Discussions around energy consumption and regulatory stances from various countries continue to shape its trajectory.