How Much Does 1 Bitcoin Cost?

 Bitcoin’s value constantly fluctuates due to its 24/7 trading nature, influenced by global demand, market sentiment, and other factors. As of November 2024, 1 Bitcoin (BTC) is valued around ₹8,000,000–₹8,200,000 (INR), depending on the exchange and market activity




Factors Influencing Bitcoin's Price


1. Market Demand: High interest from institutional investors, retail buyers, and emerging markets increases Bitcoin's price.



2. Regulatory Announcements: Positive or negative crypto regulations globally impact Bitcoin's value.



3. Supply Scarcity: With a maximum supply of 21 million coins, scarcity drives up its price over time.



4. Macroeconomic Trends: Inflation, geopolitical events, or changes in fiat currency valuation influence Bitcoin's adoption and price.




Can You Buy a Fraction of Bitcoin?


Yes, Bitcoin is divisible into smaller units called satoshis, with 1 Bitcoin equal to 100 million satoshis. This makes it possible to purchase Bitcoin for as little as ₹100 or even less, depending on the platform.


Where and How to Buy Bitcoin


1. Crypto Exchanges: Platforms like Binance, Coinbase, and WazirX allow users to buy Bitcoin using fiat currency or other cryptocurrencies【94】【95】.



2. Peer-to-Peer (P2P) Trading: Enables users to buy directly from others.



3. Bitcoin ATMs: Available in some regions for direct purchases using cash.




Storing Bitcoin


Once purchased, Bitcoin can be stored in:


Hot Wallets: Connected to the internet, suitable for active trading.


Cold Wallets: Offline storage, ideal for long-term holders.


Would you like to know more about setting up wallets or tracking Bitcoin prices in real time?


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