Abstract: As of May 13, 2024, Bitcoin's price has seen a notable increase, now standing at $62,752.50 USD. This marks a 3.02% rise over the past 24 hours. With a trading volume of $20.94 billion USD and a market capitalization of $1.23 trillion USD, Bitcoin continues to be a significant player in the cryptocurrency market. Its all-time high was reached on March 14, 2024, at $75,830, while the all-time low of $67.81 dates back to July 6, 2013. Currently, there are 19.70 million Bitcoins in circulation.
Bitcoin's value is influenced by various factors, including market demand, supply dynamics, investor sentiment, market trends, regulatory developments, global economic factors, technological innovation, media coverage, network health & security, and market liquidity.


Bitcoin has gone through several stages since its inception in 2009, with each phase marked by different influencing factors:

For those new to Bitcoin, it's important to understand the technology behind it, the volatile nature of its price, the concept of scarcity, regulatory considerations, and the importance of risk management. Continuous education and seeking advice from reputable sources are also crucial.

When sending Bitcoin, transaction fees are required to incentivize miners. These fees are based on the transaction size and desired confirmation speed. Wallets often provide dynamic fee estimators to help users choose an appropriate fee.

Bitcoin's recent rise has been driven by institutional interest and the approval of a new US Bitcoin ETF. However, caution is advised as the market's volatility requires emotional control and prudence. Factors like regulatory changes, institutional adoption, and technological advancements will continue to shape Bitcoin's future.

To find the historical value of Bitcoin on a specific date, use closing prices from platforms like CoinMarketCap or cryptocurrency exchanges. Multiply the closing price by the number of Bitcoins to find the value in USD.
Bitcoin, the first cryptocurrency, differs from others in its genesis, popularity, purpose, technology, and market dynamics. While Bitcoin operates on a proof-of-work consensus mechanism, some cryptocurrencies use different technologies and consensus mechanisms.
Litecoin, created in 2011, offers faster transaction confirmations and uses the Scrypt hashing algorithm. It has a higher maximum coin supply and is actively developed with a strong community support.
The exchange rate between Bitcoin and USD is constantly changing. For the most current rate, refer to cryptocurrency exchanges or price tracking platforms.
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