Bitcoin Surges Past $110,000 to a New All-Time High: A Beginner’s Guide

What is Bitcoin?

Bitcoin is a decentralized digital currency that is not controlled by any government or bank. It was invented by Satoshi Nakamoto in 2009 and uses blockchain technology to record all transactions. One of the key features of Bitcoin is its limited supply, with a total of only 21 million, giving it anti-inflation properties.

The latest breakthrough of Bitcoin and its impact

Image:https://www.gate.com/trade/BTC_USDT

Recently, Bitcoin broke through the $110,000 price level, setting a new historical record. This breakthrough has filled the market with confidence in Bitcoin’s future. Particularly against the backdrop of the U.S. Senate discussing the stablecoin bill, more regulatory clarity may prompt more institutions and investors to enter the cryptocurrency market.

According to market analysis, the rise of Bitcoin is not only due to a single factor, but multiple factors working together have driven this breakthrough. Companies led by Michael Saylor’s Strategy and an increasing number of digital asset companies are buying a large amount of Bitcoin, further driving the increase in demand. At the same time, investors are also paying more attention to the Bitcoin options market, especially options with strike prices of $110,000 and $120,000.

How does Bitcoin work?

Bitcoin is based on blockchain technology, and transactions are verified and recorded through a distributed network. Each transaction is packaged into a block and connected in chronological order to form a chain. The decentralized nature of Bitcoin means that no central authority can control or modify transaction records, thereby enhancing its security.

How to buy Bitcoin?

To buy Bitcoin, first you need to choose a reliable cryptocurrency trading platform, such as Binance, Coinbase, or Gate.com. Through these platforms, you can purchase Bitcoin with fiat currency. After purchase, you can store Bitcoin in the wallet provided by the platform, or transfer it to a more secure cold wallet.

Market outlook for Bitcoin

The recent breakthrough of Bitcoin indicates the market’s optimistic outlook on its future. Many analysts believe that Bitcoin may further break through $120,000 and even reach $125,000. In particular, the entry of institutional investors has made Bitcoin part of more and more investment portfolios.

However, investing in Bitcoin still carries risks. The price of Bitcoin fluctuates sharply, and investors should carefully consider their risk tolerance.

Summary

The new high breakthrough of Bitcoin demonstrates the optimistic sentiment and strong demand in the market. If you are a Bitcoin Newbie, understanding its basic concepts, how to purchase, and the current market trends is the first step in investing. As the market continues to develop, Bitcoin may continue to break through higher price ranges, so seizing this opportunity is crucial for newcomers.