Bitcoin (BTC)
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Price & Chart
Price
$112,000
24h Change
-2.50%
Market Cap
$1,300,000,000,000
The Coin Basics: What is Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Why It Matters: Key Features
Proof-of-Work (PoW)
Bitcoin uses a PoW consensus mechanism to validate transactions and secure the network, making it extremely robust and resistant to censorship.
Decentralization
The network is distributed across thousands of nodes worldwide, meaning no single entity can control or manipulate the currency.
Limited Supply
With a hard cap of 21 million coins, Bitcoin is inherently deflationary, which can act as a store of value against inflation.
Where to Buy Bitcoin in the UAE?
Here are the best regulated exchanges to buy Bitcoin in the UAE:
Price Analysis & Outlook
Short-Term Outlook
Bitcoin price is currently experiencing volatility, influenced by macroeconomic factors and market sentiment. Traders should watch for key support and resistance levels.
Long-Term Outlook
Long-term outlook remains bullish for many analysts, citing its growing adoption as a store of value and an inflation hedge. The halving events historically correlate with price increases.
Risk Disclaimer
Trading FAQs
You can store Bitcoin in a hardware wallet (like Ledger or Trezor) for maximum security, or use the secure wallet services provided by regulated exchanges in the UAE like Binance or Bybit.