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Bitcoin’s price drops 7.54%

REUTERS
By
28 September 2022
T

he Bitcoin (BTC) price today, as of 9:11am, is £17,549, according to CoinMarketCap. That’s down 7.54% on yesterday’s figure of £18,872, 3.14% on last week and 5.65% on one month ago.

The 24-hour trading volume is around £51.4 billion, and it has a market cap of about £336.3 billion.

The 52-week high of Bitcoin is £50,843, while the 52-week low is £14,485.

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Bitcoin ROI

If you purchased a single Bitcoin at the 52-week low of £14,485 and sold it at today’s price of £17,549, you’d earn £3,065 for a positive return of 21.16%.

Alternatively, if you purchased a single Bitcoin at the 52-week high of £50,843 and sold it at today’s price, you’d have lost 65.48%, equivalent to minus £33,294.

If you want to start investing in Bitcoin, you’ll need a crypto exchange to do so. Keep in mind you may owe taxes on any gains you realise. Past performance is not a predictor of future results. Purchasing Bitcoin is speculative and you may lose all of your investment.

Bitcoin Price Over Time

Bitcoin has fallen by 7.54% within the last 24 hours. Overall, BTC’s price today is below its 52-week high of £50,843.

Over the past week, Bitcoin has hit a high of £18,857 and a low of £16,226.

The cryptocurrency, overall, has moved down during the past three months. Over the past 90 days, it has fallen to its current price of £17,549.

How Many Bitcoins (BTC) Are There?

As of now, a total of 19,162,643 Bitcoins have been mined. Several million Bitcoins are thought to be inaccessible, due to holders having lost network keys or wallet passwords. There is a total maximum limit of 21 million Bitcoins that can ever be created. Given the total number of mined coins and the maximum limit, only 1,837,357 Bitcoins are left to be produced.

Analysts project that the last Bitcoin will be mined sometime around 2140. No new Bitcoins will enter circulation after this point.

About Bitcoin

As the first cryptocurrency, Bitcoin is the best known of the more than 5,000 cryptocurrencies on the market today. But the ins and outs of this cryptocurrency can be difficult to understand. Here’s a look at how Bitcoin works.

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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

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