Bitcoin (BTC) Live Price Data
The current Bitcoin price is ₱6,187,524, reflecting a +0.43% increase over the last 24 hours. Trading volume during this period reached ₱1,577,663,222,189. In the past hour, BTC experienced a slight decrease of -0.01%. Bitcoin maintains its top position with a CoinGecko ranking of #1.
Key supply metrics include a circulating supply of $19.89 million and a fully diluted market cap of $2.18 trillion. These figures highlight Bitcoin’s dominant position in the cryptocurrency ecosystem.
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BTC to PHP Conversion
As of the latest update, 1 Bitcoin (BTC) is equivalent to ₱6,187,524 Philippine Peso. This conversion rate is based on real-time data from reliable market sources. Users can easily calculate conversions between BTC and PHP using updated online tools.
For those looking to monitor or execute conversions, several platforms offer live calculators. These tools help users understand the current value of Bitcoin in their local currency.
Understanding Bitcoin (BTC)
Bitcoin emerged in 2009 as the world’s first successful cryptocurrency. Its creator, known under the pseudonym Satoshi Nakamoto, remains anonymous. This digital asset introduced a peer-to-peer financial system, eliminating the need for centralized intermediaries.
The network operates on a Proof-of-Work (PoW) consensus mechanism. This ensures secure, decentralized transaction processing without relying on third parties.
Bitcoin’s market capitalization stands at ₱123,014,995,910,795.00, with a circulating supply of $19,887,131.00. It continues to lead the crypto market in both value and adoption.
Many alternative cryptocurrencies (altcoins) are traded against Bitcoin. This makes BTC a fundamental benchmark in the digital asset space. Its extensive exposure to fiat currencies further solidifies its role as a market pillar.
How to Acquire Bitcoin
Bitcoin is available on numerous centralized and decentralized exchanges. Platforms aggregate multiple exchanges, allowing users to monitor thousands of trading instruments in real time.
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When selecting an exchange, consider security, fees, and supported currencies. Always use reputable platforms to ensure safe transactions.
Frequently Asked Questions
What is Bitcoin?
Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without central authorities. It was launched in 2009 and remains the most valuable cryptocurrency by market cap.
How is the price of Bitcoin determined?
Bitcoin’s price is influenced by supply and demand dynamics, market sentiment, regulatory news, and macroeconomic factors. Its value fluctuates based on trading activity across global exchanges.
What is Proof-of-Work?
Proof-of-Work is a consensus mechanism that secures the Bitcoin network. Miners solve complex mathematical problems to validate transactions and add new blocks to the blockchain.
Can I buy fractions of a Bitcoin?
Yes, Bitcoin is divisible up to eight decimal places. The smallest unit, known as a satoshi, allows users to own and transact small amounts of BTC.
Why is Bitcoin often called digital gold?
Bitcoin is compared to gold due to its limited supply, store of value properties, and decentralization. Both assets serve as hedges against inflation and economic uncertainty.
How do I store Bitcoin securely?
Bitcoin can be stored in hardware wallets, software wallets, or on exchanges. For large amounts, hardware wallets offer the highest security by keeping keys offline.