Bitcoin

    Bitcoinbtc#1

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $77,892.39

    +0.77% (24h)

    7d Change

    -3.01%

    30d Change

    -9.81%

    24h High

    $78,285.00

    24h Low

    $77,392.01

    Market Cap$1.57T
    24h Volume$12.23B
    Circulating Supply20.1M BTC
    Max Supply21.0M
    All-Time High$124,658.54
    ATH Change-37.52%

    Price Chart

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    About Bitcoin

    Bitcoin is the original cryptocurrency, launched in 2009 by the pseudonymous Satoshi Nakamoto. It runs on a decentralised proof-of-work blockchain with a fixed supply cap of 21 million coins, making it the most established and widely held digital asset. Bitcoin is positioned as digital gold and a hedge against monetary debasement, and it consistently holds the largest market capitalisation in the crypto sector. Its security model is unmatched, with more cumulative hashpower than any other network.

    Primary use case: Store of value, digital gold, peer-to-peer payments

    CoinHours Analysis

    Mike Flaum Outlines Bullish MSTR Thesis for the Next Bitcoin Bull Run

    Log Scale Investments CEO Sees Outsized MSTR Upside in Next Bitcoin Cycle Mike Flaum, CEO of Log Scale Investments, appeared on Bitcoin Magazine TV on October 30, 2026, to lay out his thesis on Strategy's capital structure, its preferred stock products, and his bullish view of the company's equity in a future Bitcoin bull run, framed as "massively" to the upside in the publication's headline, acc

    Wall Street Firms Tell Clients to Buy Bitcoin Stocks After Binance Hack

    Analysts Frame Record Binance Hack as a Buying Opportunity, Not a Reason to Flee Three Wall Street research shops told clients in Friday notes that the roughly $6.3 billion theft from Binance — the largest crypto hack ever recorded — is unlikely to derail the broader market's recovery, and that investors should consider the resulting selloff a buying opportunity rather than a reason to exit crypt

    FutureBit Apollo Solo Miner Finds Bitcoin Block 973,262, Wins 3.154 BTC

    FutureBit Apollo Solo Miner Finds Bitcoin Block 973,262, Wins 3.154 BTC A home-scale Bitcoin miner operating through FutureBit's Apollo Solo setup has found block 973,262, collecting the full block reward of 3.154 BTC plus transaction fees generated from 2,477 transactions, according to Bitcoin Magazine . The find, reported on October 29, 2026, was confirmed independently by multiple blockchain e

    Strategy, Strive Weigh Bitcoin Buys Against Preferred Dividends

    Perpetual preferred stock has quietly financed purchases of 135,979 bitcoin since 2025, according to a Fidelity Digital Assets report cited by CoinDesk , but the funding channel now carries a growing dividend bill that could force Strategy (MSTR) and Strive (ASST) to slow their accumulation. The disclosure lands as bitcoin trades under renewed pressure, having slid below $80,000 over the weekend

    Understanding Bitcoin Price Data

    The Bitcoin price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for Bitcoin is calculated by multiplying the current price by the circulating supply — the number of BTC units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for Bitcoin on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    Bitcoin for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats Bitcoin and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding BTC for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy Bitcoin through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Bitcoin protocol in plain English.

    Bitcoin FAQ

    How is Bitcoin taxed in Australia?

    Bitcoin is treated as property by the ATO, subject to capital gains tax when sold or traded. Personal use assets under $10,000 may be exempt. Keep detailed records of purchase prices, dates, and transaction fees for tax reporting. Different tax treatment applies whether Bitcoin is held as an investment or used for personal transactions.

    What makes Bitcoin secure?

    Bitcoin's security comes from its proof-of-work consensus mechanism, where miners compete to validate transactions using computational power. The network has the highest hash rate among all cryptocurrencies, making it extremely expensive to attack. The decentralised nature means no single point of failure exists, and the blockchain's transparency allows anyone to verify transactions.

    Why is Bitcoin limited to 21 million coins?

    The 21 million coin limit was programmed into Bitcoin's code by Satoshi Nakamoto to create digital scarcity. New bitcoin is created through mining rewards that halve approximately every four years until around 2140 when the last bitcoin will be mined. This deflationary monetary policy contrasts with traditional currencies where central banks can print unlimited amounts.

    Can I buy Bitcoin legally in Australia?

    Yes, buying Bitcoin is legal in Australia. Cryptocurrency exchanges must register with AUSTRAC and comply with anti-money laundering regulations. Australian investors can purchase Bitcoin through registered exchanges, Bitcoin ATMs, or peer-to-peer platforms. Always use regulated platforms and understand the tax implications before investing.

    What are the main risks of investing in Bitcoin?

    Key risks include high price volatility, regulatory uncertainty, technical vulnerabilities, and security concerns around private key management. Bitcoin's 24/7 market can lead to significant price movements during off-hours. Environmental concerns about energy consumption and potential quantum computing threats are longer-term considerations investors should understand.

    How does Bitcoin mining work?

    Bitcoin mining involves computers competing to solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. Successful miners receive newly created bitcoin plus transaction fees as rewards. The process requires significant computational power and electricity, with mining difficulty adjusting to maintain approximately 10-minute block times regardless of total network hash power.

    Frequently Asked Questions

    How often is the Bitcoin price updated?

    CoinHours pulls live BTC pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the Bitcoin price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying Bitcoin legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store Bitcoin on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.