Bitcoin Halving or sometimes also known as the Halvening, refers to the reduction of block reward to miners by half. This is part of its built-in monetary policy, in which after every approximately 4 years, the mining reward will be halved towards the limited capped supply of 21 million Bitcoin. Once 21 million of Bitcoin have been minted, there will no longer be new supply of it rewarded to miners, and miners are expected to earn revenue by way of transaction fees. In order to follow the real time of when the halving will take place, you can bookmark the CoinGecko's bitcoin halving page. The trading volume of Bitcoin (BTC) is $24,195,339,097.47 in the last 24 hours, representing a 25.10% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Bitcoin (BTC) is $69,044.77 , which was recorded on Nov 10, 2021 (about 2 years). Comparatively, the current price is -44.60% lower than the all-time high price. The lowest price paid for Bitcoin (BTC) is $67.81 , which was recorded on Jul 06, 2013 (over 10 years). Comparatively, the current price is 56,298.00% higher than the all-time low price. Market capitalization of Bitcoin (BTC) is $748,720,178,262 and is ranked #1 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BTC tokens (20 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Bitcoin (BTC) is $804,001,523,592 . This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million BTC tokens are in circulation today. Depending on how the emission schedule of BTC tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 84% of users are feeling good about Bitcoin (BTC) today.
There are two schools of thought in determining the price of Bitcoin.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Bitcoin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Bitcoin from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Bitcoin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Bitcoin as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Bitcoin and the cryptocurrency market as a whole.
2. What is the highest price of Bitcoin in history?
Bitcoin achieved the all-time high of د.م735133.79 in 2021-11-10, and is currently trading at د.م369911.41.
3. What is the lowest price of Bitcoin in history?
In 2013-07-06, Bitcoin reached the all-time low of د.م721.99.
4. Should I buy Bitcoin now?
It is important to remember that Bitcoin, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.