Bitcoin remains one of the most closely watched digital assets in the global financial landscape. As of August 1, 2025, Bitcoin’s real-time price stands at $29,313.60, reflecting moderate market stability amid ongoing macroeconomic developments. This article provides a comprehensive overview of Bitcoin's current value, historical trends, and key metrics that every investor should understand.
Current Bitcoin Market Overview (USD)
At the time of writing, Bitcoin is trading at:
- Current Price: $29,313.60
- 24-Hour High: $29,524.60
- 24-Hour Low: $29,121.80
- All-Time High: $69,273.10
- All-Time Low: $0.0495
The cryptocurrency has shown resilience with a 24-hour trading volume of 231,700 BTC, translating to over $6.85 billion in turnover. With a circulating supply of approximately 19.36 million BTC out of a maximum cap of 21 million, Bitcoin maintains a dominant market position.
- Market Cap: $566.9 billion
- Market Dominance: 48.37%
- 24-Hour Volatility: 1.38%
- Turnover Rate: 1.21%
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Bitcoin’s relatively low daily volatility suggests a period of consolidation—common before major price movements. The fully diluted market cap, which assumes all 21 million coins are in circulation, stands at $614.8 billion, indicating long-term growth potential.
Bitcoin to CNY Exchange Rate (RMB Conversion)
For users in China and other RMB-based economies, understanding local fiat conversion is crucial.
- 1 BTC = ¥209,055.88 CNY
- 1 CNY = 0.000004 BTC
This exchange rate was last updated on August 1, 2025, at 09:00 (UTC+8). While regulatory conditions in China continue to restrict direct crypto trading, offshore platforms and peer-to-peer markets remain active channels for accessing Bitcoin.
It's important to note that cross-border transactions involving cryptocurrencies carry legal and financial risks depending on jurisdiction. Always ensure compliance with local laws when engaging in digital asset activities.
Bitcoin Price Trends Over the Past Month
The past 30 days have revealed a pattern of tight consolidation around the $29,000–$31,500 range. Here’s a summary of recent performance:
- Early July saw a sharp drop from over $31,400 to below $29,900, triggered by broader market corrections and macroeconomic concerns.
- On July 7, a strong rebound pushed prices up by 1.45%, followed by another surge on July 13 where Bitcoin gained 3.55% amid renewed institutional interest.
- Since mid-July, price action has stabilized with minimal daily swings—indicating investor caution ahead of key U.S. economic data releases.
Despite occasional spikes in trading volume (peaking at over 99,000 BTC on July 13), overall momentum has been neutral. The absence of sustained bullish or bearish pressure suggests that large holders ("whales") are accumulating rather than distributing.
Historical Bitcoin Price Milestones (2010–2025)
Understanding Bitcoin’s journey helps contextualize today’s price levels.
2010–2011: The Birth of a Digital Currency
Bitcoin began as an obscure digital experiment after Satoshi Nakamoto mined the genesis block in January 2009. It wasn't until May 22, 2010—now celebrated as Bitcoin Pizza Day—that Laszlo Hanyecz paid 10,000 BTC for two pizzas, establishing its first real-world value.
Later that year, the Mt. Gox exchange launched, setting Bitcoin’s initial market price at $0.05**. By November, it had risen to **$0.39, laying the foundation for future growth.
2012–2013: First Major Bull Run
In 2012, Bitcoin traded between $2 and $13. But in early 2013, momentum built rapidly, pushing the price to an unprecedented $266 by April—a gain of over 2,000% in just months.
This surge attracted mainstream media attention and spurred the creation of new exchanges. However, increased scrutiny from regulators—including warnings from China’s central bank—highlighted growing concerns about usage in illicit activities.
2014–2015: Collapse and Recovery
The collapse of Mt. Gox in early 2014 shook investor confidence. Once handling over 70% of global Bitcoin trades, the exchange filed for bankruptcy after losing hundreds of thousands of BTC to hackers.
Prices plummeted from nearly $800 to under $200, but the network itself remained secure. By 2015, Bitcoin began a slow recovery, stabilizing between $200 and $300—proving its resilience despite setbacks.
2016–2017: The Legendary Bull Market
A halving event in July 2016 reduced block rewards from 25 to 12.5 BTC—a supply shock historically linked to price increases.
By late 2017, fueled by retail frenzy and the rise of ICOs (Initial Coin Offerings), Bitcoin skyrocketed from $1,000 to nearly $20,000 within a year. Media coverage reached fever pitch as “Bitcoin millionaire” stories went viral.
However, the euphoria didn’t last. By December 2018, prices crashed back to $3,500, marking one of the longest bear markets in crypto history.
2018–Present: Maturation Amid Volatility
Since then, Bitcoin has evolved from a speculative asset into a recognized store of value—often dubbed “digital gold.”
- In 2020, despite pandemic-driven market chaos, Bitcoin rebounded strongly due to quantitative easing policies and corporate adoption (e.g., MicroStrategy).
- Early 2021 saw a new all-time high above $69,000, driven by institutional inflows and ETF speculation.
- Regulatory shifts and macroeconomic tightening led to pullbacks in 2022 and 2023.
- By 2025, Bitcoin is increasingly viewed as a hedge against inflation and currency devaluation.
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Frequently Asked Questions (FAQ)
Q: What is Bitcoin’s current price in USD?
As of August 1, 2025, Bitcoin is trading at approximately $29,313.60 with minor fluctuations expected throughout the day.
Q: How much is 1 Bitcoin worth in Chinese Yuan (CNY)?
One Bitcoin equals ¥209,055.88 RMB based on current exchange rates.
Q: Why does Bitcoin’s price keep changing?
Bitcoin’s price is influenced by supply and demand dynamics, macroeconomic factors (like inflation and interest rates), regulatory news, technological upgrades, and investor sentiment.
Q: What is Bitcoin’s maximum supply?
Bitcoin has a capped supply of 21 million coins. This scarcity is programmed into its protocol and contributes to its long-term value proposition.
Q: Is now a good time to buy Bitcoin?
While timing the market perfectly is impossible, many investors adopt dollar-cost averaging (DCA) strategies to reduce risk during volatile periods like this.
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Q: Where can I track live Bitcoin prices?
Reliable platforms provide real-time charts, volume data, order books, and historical trends. Choose services that offer transparent data and advanced analytical tools.
Final Thoughts
Bitcoin continues to redefine the boundaries of money and finance. From its humble beginnings as a pizza purchase to becoming a multi-hundred-billion-dollar asset class, its journey reflects both technological innovation and shifting global trust in decentralized systems.
Whether you're monitoring short-term fluctuations or planning long-term holdings, staying informed is essential.
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