Crypto Details: Bitcoin Price (BTC)

Bitcoin current price is (BTC Price) $29,002.00 0.68% (24hrs)

Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.

The entire cryptocurrency market — now worth more than $300 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.

The price of Bitcoin right now is $29,002.00. Its price is ↑ 0.68% up in the last 24 hours.

Current PriceAll Time HighMarket Cap

Bitcoin Price Changes :

Last 24 HoursLast 7 DaysLast 30 DaysLast 1 Year
↑ 0.68%↓ -1.66%↓ -27.02%↓ -18.79%

btc price - the price of bitcoin right now

  • News - 28 May 2022, 7:00 pm

    Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%.May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets. For example, Invesco QQQ Trust, a $160 billion tech company-based U.S. exchange-traded fund, is down 23% year-to-date. Meanwhile the iShares MSCI China ETF, a $6.1 billion tracker of the Chinese shares, has declined 20% in 2022. To get a clearer picture of how crypto traders are positioned, traders should analyze Bitcoin derivatives metrics.Margin traders are becoming more bullishMargin trading allows investors to borrow cryptocurrency and leverage their trading position to potentially increase returns. For example, one can buy cryptocurrencies by borrowing Tether (USDT) to enlarge exposure.Bitcoin borrowers can only short the cryptocurrency if they bet on its price decline and unlike futures contracts, the balance between margin longs and shorts isn‘t always matched.USDT/BTC margin lending ratio at OKX exchange. Source: OKXThe above chart shows that traders have been borrowing more USD Tether recently, because the ratio increased from…Read More

  • Bitcoin News - 28 May 2022, 6:00 pm

    While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot […]Read More

  • Bitcoin News - 28 May 2022, 4:00 pm

    On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA […]Read More

  • News - 28 May 2022, 2:33 pm

    GMT’s downside pressure remains as an analyst calls STEPN a “hype-driven speculative frenzy.” A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion.GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s 500% and 120% price rallies in March and early May, respectively.GMT/USD daily price chart. Source: TradingViewAdditionally, the rebound further preceded an 80% drop from its record high of $4.50, established on April 27, which left GMT oversold, per its daily relative strength index reading that slipped below the oversold threshold of 30 on May 26.The technical support, in addition to oversold RSI, suggests GMT is in the process of bottoming out.GMT price levels to watchDrawing a Fibonacci retracement graph from GMT’s $0.0099-swing low to $3.82-swing high leaves the token inside a broader consolidation range, defined by the 0.382 Fib line (near $1.50) acting as interim resistance and the 0.786 Fib line (near $0.82) serving as interim support.GMT/USD daily price chart featuring Fib support/resistance levels. Source: TradingViewTherefore, an extended rebound move from the $0.82-support level brings $1.50 into the attention as the next upside target, up about 40% from today’s price. Moreover, a strong upside follow-up could send the STEPN token towards the $2-2.50 area, suggesting that the market has bottomed out.Conversely, a weaker…Read More

  • News - 28 May 2022, 2:00 pm

    Multiple metaverses use various technologies to build immersive worlds. Read about the key technologies that power the Metaverse. What are the challenges of the Metaverse?Users’ cognition, emotions, and behaviors can be influenced by key technologies that enable multiple metaverses.The expensive cost of equipment is a barrier to the widespread adoption of metaverse technologies that will hopefully be overcome in the future. Morality, physical well-being, health and safety, psychology, ethics, and data privacy are the four areas of risk associated with AR.On a physical level, users’ attention being diverted by location-based AR applications has resulted in dangerous mishaps. Overloading information is a psychological problem that must be avoided. Unauthorized augmentation and fact tampering with prejudiced perspectives are moral dilemmas. Data collection and sharing with third parties is the risk with the most severe privacy ramifications.Furthermore, Metaverse actors may be enticed to collect users’ biometric psychography based on user data emotions, which could be used to make unintentional behavioral assumptions and exacerbate algorithmic bias. Nausea, motion sickness and dizziness are among the most regularly reported health issues associated with virtual reality. Due to the weight of VR headsets, head and neck strain is a limitation for longer use sessions. Social isolation and withdrawal from real-life activities accompanied by medical issues is also a challenge that hinders the mainstream adoption of the Metaverse.In addition to the above, sexual harassment again women in the Metaverse is also a big problem, as evident from a gang…Read More

  • Bitcoin News - 28 May 2022, 2:00 pm

    DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%. Dogecoin (DOGE) DOGE was one of the most notable movers in crypto markets on Saturday, coming as […]Read More

  • Bitcoin News - 28 May 2022, 12:58 pm

    Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark […]Read More

  • News - 28 May 2022, 12:23 pm

    NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience for the general public’s mass adoption. Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness.There is an elephant in the room, though: NFTs are difficult to use and a majority of them are digital snake oil. But these problems create the opportunity to provide answers. The accessibility and legitimacy of NFTs are both ripe for change. As funding pours into the space, the market is starting to mature, and that change is gaining momentum. We’re entering a new era of NFTs — NFT 2.0 — where the technology will be more easily accessible by the mainstream, and the underlying value proposition of the NFTs will be more transparent and reliable.Reflecting on the rise of NFTsIn their short existence, NFTs have exploded onto the crypto scene, topping $17 billion in trading volume in 2021. This number is expected to balloon to $147 billion by 2026. Even more impressive is the fact that this volume is owned by fewer than 400,000 holders, which totals a whopping $47,000 transaction volume per user.Alongside the industry’s meteoric rise, NFTs themselves have gone through enormous changes since their inception. For example, CryptoPunks, which minted for free in 2017,…Read More

  • Bitcoin News - 28 May 2022, 11:00 am

    PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will support deposits and withdrawals of Dvision’s native token, DVI, on its platform. The support for DVI token on Binance Custody will be provided in a cross-chain manner, […]Read More

  • News - 28 May 2022, 10:47 am

    The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks. Do Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, Terra 2.0, which aims to revive the fallen Terra (LUNA) and TerraUSD (UST) ecosystem. Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and UST markets — effectively resulting in unrecoverable losses for investors.Pheonix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be going live shortly.— Do Kwon (@stablekwon) May 28, 2022 Dubbed Phoenix-1, the Terra 2.0 mainnet went live today, May 28,  as per the original timeline set by Terra developers and started producing blocks. Kwon also informed that public node services, wallets and explorers would follow the mainnet to go live soon after. Following the plan from the original proposal, which recommended issuing the new LUNA tokens to existing investors, Kown stated that users should now be able to see the newly issued LUNA tokens balances:“To view your $LUNA (or $LUNA2 as some exchanges call them) token balances, you only need to log into station and refresh the page.”Moreover, investors that are migrating over the inter‐blockchain communication protocol (IBC) are required to create a station wallet with the same ledger and follow the instructions provided…Read More