Currently, $1 USD is equivalent to 0.000011 BTC.
This conversion rate reflects the dynamic nature of the cryptocurrency market. As of the latest available data, the value of the United States Dollar has experienced a slight decrease of 2.86% against Bitcoin in the last 24 hours.
Understanding the Exchange Rate
The exchange rate between USD and Bitcoin (BTC) indicates how many units of Bitcoin you can acquire for one U.S. Dollar. This rate is influenced by various market factors, including supply and demand, trading volume, and global economic events.
Here's a quick overview of the current conversion:
Currency | Amount | Equivalent in Bitcoin (BTC) |
---|---|---|
USD | $1 | 0.000011 |
Bitcoin's Market Cap
Bitcoin maintains a substantial presence in the global financial landscape. Its current market capitalization is $1.87 trillion, making it the largest cryptocurrency by market value. While information regarding the current United States Dollar market cap was not specified, Bitcoin's robust market cap highlights its significant role in the digital economy.
Factors Affecting Bitcoin's Value
Several factors contribute to Bitcoin's price fluctuations:
- Supply and Demand: Limited supply and increasing demand generally push prices up.
- Market Sentiment: News, regulatory changes, and broader economic trends can influence investor confidence.
- Adoption: Growing acceptance by businesses and individuals for transactions and investments.
- Technological Developments: Upgrades or issues within the Bitcoin network can impact its perceived value.
Where to Check Live Exchange Rates
Given the volatility of cryptocurrencies, exchange rates are constantly changing. For the most up-to-the-minute conversions, it's always best to consult a reputable cryptocurrency exchange. You can typically find live USD to BTC conversion tools on platforms like Kraken, which provide real-time data to help you stay informed.