Bitcoin Profile

BTC Crypto  USD 69,399  35.38  0.05%   

Performance

19 of 100

 
Low
 
High
Solid

Risk Of Devaluation

Less than 17

 
100  
 
Zero
Low
Bitcoin is trading at 69399.08 as of the 28th of March 2024, a -0.05% down since the beginning of the trading day. Bitcoin has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Cryptocurrency ratings for Bitcoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Bitcoin is peer-to-peer digital currency powered by the Blockchain technology. More on Bitcoin

Moving together with Bitcoin Crypto Coin

  0.94DOGE DogecoinPairCorr
  0.91BCH Bitcoin CashPairCorr
  0.91LTC LitecoinPairCorr
  0.87ETC Ethereum ClassicPairCorr
  0.88CFX Conflux NetworkPairCorr
  0.96AR ArweavePairCorr

Moving against Bitcoin Crypto Coin

  0.86SIB SIBPairCorr
  0.46GRIN GRINPairCorr
Bitcoin is an online market maker for p-2-p internet money called Cryptocurrency. Bitcoin has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Bitcoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Bitcoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Bitcoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Bitcoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Bitcoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Thematic IdeaUSD Crypto Fund (View all Themes)
Business ConcentrationUSD Crypto Fund, Technology, Cryptocurrency, Blockchain (View all Sectors)
Bitcoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 37 exchanges in multiple currencies. Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.
AlgorithmSHA-256
Coin TypeBitcoin
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolBTC
Difficulty83.95 Trillion
RatingB+
Technology Adoption RatingA-
NameBTC
Sponsoredfalse
Block Reward6.25
Asset Whitepaper UrlView
Block Time609.26
Is Tradingtrue
Algorithm Typesha-256
Net Hashes Per Second562,446,440.18 Trillion
Asset Launch Date2009-01-03
Full NameBitcoin (BTC)
Asset Website Urlhttps://bitcoin.org
Block Number836,472
Platform Typeblockchain
Coin NameBitcoin
Total Coins Mined19.67 Million
Bitcoin (BTC) is traded on CRYPTO Exchanges. Bitcoin is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Mega-Cap' category with a current market capitalization of 142.07 T. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bitcoin's market, we take the total number of its shares issued and multiply it by Bitcoin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Bitcoin's Exchanges and Markets

HitBTC Coinmate CoinJar Bitfinex Yobit Bitstamp Luno itBit Coinbase bitFlyerFX Bit2C Catex Kraken Poloniex ABCC Lykke BitMart Binance BTCBOX Zaif Korbit DigiFinex Exmo Coincheck Graviex Coinone CoinCorner Bitkub Gemini Bithumb BTCMarkets Bibox Bitso CoinEx LBank BigONE bitFlyer

Bitcoin Target Price Odds Analysis

What are Bitcoin's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Bitcoin jumping above the current price in 90 days from now is about 5.88%. The Bitcoin probability density function shows the probability of Bitcoin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Bitcoin has a beta of -0.0324 suggesting as returns on benchmark increase, returns on holding Bitcoin are expected to decrease at a much lower rate. During the bear market, however, Bitcoin is likely to outperform the market. Additionally, bitcoin has an alpha of 0.7603, implying that it can generate a 0.76 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 69399.08HorizonTargetOdds Above 69399.08
94.09%90 days
 69,399 
5.88%
Based on a normal probability distribution, the odds of Bitcoin to move above the current price in 90 days from now is about 5.88 (This Bitcoin probability density function shows the probability of Bitcoin Crypto Coin to fall within a particular range of prices over 90 days) .

Bitcoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bitcoin market risk premium is the additional return an investor will receive from holding Bitcoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bitcoin's alpha and beta are two of the key measurements used to evaluate Bitcoin's performance over the market, the standard measures of volatility play an important role as well.

Bitcoin Technical Analysis

When it comes to investing in cryptocurrency, such as Bitcoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Bitcoin, which is currently traded at 69399.08, shows everything you need to know about Bitcoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Bitcoin, to determine its price movements. However, the Bitcoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Bitcoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Bitcoin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Bitcoin Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Bitcoin price patterns.

Bitcoin Against Markets

Picking the right benchmark for Bitcoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bitcoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bitcoin is critical whether you are bullish or bearish towards Bitcoin at a given time. Please also check how Bitcoin's historical prices are related to one of the top price index indicators.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Bitcoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Bitcoin

You need to understand the risk of getting into digital currencies such as BTC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Bitcoin in four ways:

Buy BTC through an exchange

Get yourself a crypto wallet before embarking on your Bitcoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Bitcoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Bitcoin through an exchange

You don't have to buy a full token when starting out since BTC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Bitcoin through a broker

If you don't want to store your Bitcoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BTC through an exchange-traded fund (ETF)

You can also invest in BTC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Bitcoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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When determining whether Bitcoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bitcoin Crypto.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Bitcoin information on this page should be used as a complementary analysis to other Bitcoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Bitcoin Crypto Coin analysis

When running Bitcoin's price analysis, check to measure Bitcoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Bitcoin is operating at the current time. Most of Bitcoin's value examination focuses on studying past and present price actions to predict the probability of Bitcoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Bitcoin's coin price. Additionally, you may evaluate how adding Bitcoin to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bitcoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Bitcoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Bitcoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.