Bitcoin BTC

BTC has moved +1.47% in the last day, -16.39% over the week, and -23.07% over the past month. The all-time high of $126,080 was set 243 days ago, leaving BTC at 48.9% of that peak. Reclaiming the record would require a 104% advance from here. With both the weekly and monthly trends negative, the path of least resistance remains lower for now.

Volatility & risk

Realised volatility for BTC is currently moderate, with a 7-day annualised reading near 67%. That is roughly middle-of-the-pack for a large-cap crypto asset. Day-to-day ranges are wide by traditional-asset standards but restrained for crypto.

Liquidity & trading depth

Over the last 24 hours roughly $30.5B changed hands, equal to about 2.5% of the circulating market value turning over in a day. That is adequate turnover for a coin of this size, though large orders may still move the price. Liquidity health scores 61/100 on our composite, which blends 24-hour volume against market capitalisation.

Correlation with Bitcoin & markets

As the reserve asset of the crypto market, Bitcoin is the benchmark every other token is measured against. When BTC moves, the rest of the market usually follows — making its own correlation to itself the reference point (1.00) for the diversification math elsewhere on this page.

Our outlook blends three independent lenses. The technical model reads momentum as bearish and frames a near-term band of $53,073 to $66,650. The statistical model, driven by realised volatility, centres near $57,442 with a one-horizon spread of $24,611 to $107,060. The relative model, anchored to how comparable top-100 assets have performed (median -16.29% over the past week), points to $51,750 to $62,858. Blending the three yields the horizon-by-horizon ensemble in the table below. Model confidence is High, reflecting data completeness and liquidity. These are probabilistic scenarios generated from market data — not guarantees, and not financial advice.

Bitcoin has a circulating supply of 20,039,087 BTC. Supply is hard-capped at 21,000,000 tokens, meaning 95.4% already exists and only 960,913 remain to be issued. With issuance nearly complete, future dilution is minimal — a structurally disinflationary profile. Fully diluted valuation and circulating market cap can diverge sharply when a large share of tokens is still locked, so both are worth comparing before drawing conclusions about value.

Bitcoin (BTC) is the 1st-ranked cryptocurrency tracked on TBN Express, with live pricing, derived risk metrics and a multi-model outlook refreshed throughout the day. The profile below combines project information with our own quantitative read of how BTC is trading right now.

Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.

With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.

Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.

Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.

The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

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