Bitcoin
BTC Rank #1Live-Kurs · Multi-Quellen-Dashboard · Aktualisiert vor 51 minutes
Nächstes Halving
Block-Belohnung halbiert sich alle ~4 Jahre
Jedes Halving halbiert die Block-Belohnung, die Miner erhalten, um 50%. Bitcoin's issuance rate is hard-coded — this event is mathematically predictable, not subject to governance. Historisch sind Halvings mehrmonatigen Kursanstiegen vorausgegangen, vergangene Performance garantiert jedoch keine zukünftigen Renditen.
Zyklus-Kontext
Wie das Halving historische und aktuelle Zyklen geformt hat
Der vierjährige Zyklus von Bitcoin ist am Halving verankert: Alle 210.000 Blöcke (etwa vier Jahre) wird die Block-Belohnung — und damit die Rate, mit der neue BTC in Umlauf kommen — halbiert. Der Zeitplan ist im Protokoll fest codiert und kann nicht ohne überwältigenden sozialen Konsens geändert werden, wodurch das Halving das einzige glaubwürdig vorhersagbare angebotsseitige Ereignis in einer großen Anlageklasse ist.
Das jüngste Halving war am 19. April 2024 bei Block 840.000, womit die Belohnung von 6,25 BTC auf 3,125 BTC sank. Das nächste wird für etwa April 2028 bei Block 1.050.000 prognostiziert, wodurch die Belohnung auf 1,5625 BTC sinkt. Jedes Halving reduziert die tägliche Emission ungefähr um die Hälfte, während die strukturelle Nachfrage (ETF-Flüsse, Treasury-Allokationen, Privatanleger-Käufe) stabil bleibt oder wächst — was die Angebots-Nachfrage-Asymmetrie erzeugt, die historisch den Beginn jedes mehrquartal anhaltenden Bullenzyklus markiert hat.
Historische Post-Halving-Renditen: Der 2012er-Zyklus lieferte etwa 96× vom Halving-Tag bis zum Zyklus-Hoch (Hoch ~1.150 USD im November 2013); der 2016er-Zyklus lieferte etwa 30× (Hoch ~19.800 USD im Dezember 2017); der 2020er-Zyklus lieferte etwa 7,9× (Hoch ~69.000 USD im November 2021). Der Trend ist klar: abnehmende Renditen mit zunehmender Marktreife, aber ein konsistentes Richtungs-Muster mehrquartal anhaltender Expansion von etwa 12–18 Monaten nach jedem Halving.
Der aktuelle Zyklus — 2024er-Halving — hat die zusätzliche strukturelle Veränderung, dass Spot-Bitcoin-ETFs im Januar 2024 zugelassen wurden, drei Monate vor dem Halving. ETFs absorbieren in Akkumulationsphasen etwa 2.000–4.000 BTC pro Tag an Netto-Käufen, vergleichbar mit der täglichen Neu-Emission bei der aktuellen 3,125-BTC-Belohnung. Dies ist eine permanente Nachfragesenke, die in keinem früheren Zyklus existierte und der wesentliche strukturelle Grund, warum der Basis-Fall dieses Zyklus anders aussieht.
Network activity
Live on-chain metrics · multiple data sources
Hashrate trend (90 days)
Network computing power · mempool.space
Bitcoin's hashrate represents the total computing power dedicated to mining at any given moment. Higher hashrate means the network is more expensive to attack and reflects ongoing investment by miners — a quasi-fundamental signal that, over multi-quarter windows, tends to correlate with miner confidence in future BTC price.
The 90-day trend shows hashrate has declined by 11.8%, while the 30-day move of -15.9% shows the more recent direction. Difficulty adjusts every 2,016 blocks (about two weeks) to keep block time near the 10-minute target — the table above shows the most recent adjustments, each one resetting the cost basis of mining for the next epoch.
Marktpuls
Live-Redaktions-Snapshot — Zahlen aktualisieren sich bei jedem Refresh
Aktueller Status: Bitcoin is trading at $63,151.99 with a $1,265.3 billion market capitalization (rank #1). The price moved +3.72% over the past 24 hours and is -14.28% over 7 days; the 30-day move stands at -21.25% and the 90-day at -7.72%.
Position im Zyklus: A drawdown of this magnitude is within the typical correction range — historically resolved in either direction, often via a re-test of the prior peak before a definitive break.
Volatilität und Struktur: 30-day realized volatility of 37.9% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Bearish (31/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.
Composite-Scorecards
Derived metrics composed from multi-horizon data
Composite of 24h/7d/30d/90d/1y returns weighted toward longer horizons.
24h volume / market cap = 0.105%.
Annualized std-dev of daily log returns.
% of all-time high currently held.
Multiple over all-time low. Log scale.
Bitcoin's performance grid shows the asset gained 2.33% over the last 24 hours, with the 7-day picture 15.43% lower and the 30-day frame 22.31% lower. Over the trailing 365 days, the asset has delivered losses of 40.97%, against a weakening multi-horizon backdrop.
The asset currently trades 50.0% below its all-time high, deep in the post-peak drawdown regime where statistical mean-reversion historically matters less than narrative and liquidity flow. 30-day realized volatility sits at 38% annualized — moderate territory for a crypto asset of this size.
Bitcoin currently shows thin turnover that warrants caution on larger orders. 24-hour trading volume represents 0.105% of market capitalization — our liquidity-health composite scores this as Thin (30/100). This is on the lighter end of the top-100 range; large orders should be sliced into the market rather than executed at once.
As Bitcoin itself, this asset is the reference against which other coins' BTC correlation is measured. Bitcoin's own dominant correlations are with the broad risk-asset complex (S&P 500, Nasdaq) during liquidity contractions, and with gold and the dollar index during regime changes in macro sentiment.
Performance-Grid
% return across 9 horizons — heatmap by magnitude
Data refreshed 51 minutes ago · auto-updates daily
Kursverlauf
Last 30 trading days · daily OHLC
| Date | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026-06-07 | $60,884.62 | $62,960.00 | $60,746.00 | $62,304.86 | +2.33% |
| 2026-06-06 | $61,056.47 | $61,530.05 | $59,500.00 | $60,884.62 | -0.28% |
| 2026-06-05 | $63,885.99 | $63,978.00 | $59,130.91 | $61,056.47 | -4.43% |
| 2026-06-04 | $64,142.75 | $64,764.32 | $61,383.56 | $63,885.99 | -0.40% |
| 2026-06-03 | $66,760.84 | $67,516.00 | $64,092.49 | $64,142.75 | -3.92% |
| 2026-06-02 | $71,408.90 | $71,408.90 | $66,193.00 | $66,760.83 | -6.51% |
| 2026-06-01 | $73,674.39 | $74,092.00 | $70,686.68 | $71,408.90 | -3.08% |
| 2026-05-31 | $73,884.38 | $74,275.66 | $73,400.00 | $73,674.39 | -0.28% |
| 2026-05-30 | $73,460.78 | $74,143.76 | $73,216.00 | $73,884.38 | +0.58% |
| 2026-05-29 | $73,617.52 | $74,514.10 | $72,512.49 | $73,460.78 | -0.21% |
| 2026-05-28 | $74,449.31 | $74,590.77 | $72,582.82 | $73,617.51 | -1.12% |
| 2026-05-27 | $75,930.01 | $76,174.15 | $74,243.99 | $74,449.30 | -1.95% |
| 2026-05-26 | $77,322.01 | $78,080.00 | $75,677.97 | $75,930.01 | -1.80% |
| 2026-05-25 | $77,064.96 | $77,905.52 | $76,914.25 | $77,322.01 | +0.33% |
| 2026-05-24 | $76,752.00 | $77,543.15 | $76,108.00 | $77,064.96 | +0.41% |
| 2026-05-23 | $75,539.50 | $77,404.18 | $74,289.60 | $76,752.01 | +1.61% |
| 2026-05-22 | $77,615.52 | $77,900.00 | $75,359.18 | $75,539.50 | -2.67% |
| 2026-05-21 | $77,552.24 | $78,200.00 | $76,719.47 | $77,615.52 | +0.08% |
| 2026-05-20 | $76,834.36 | $77,853.04 | $76,516.74 | $77,552.23 | +0.93% |
| 2026-05-19 | $77,001.88 | $77,414.62 | $76,144.71 | $76,834.36 | -0.22% |
| 2026-05-18 | $77,457.67 | $77,800.00 | $76,051.00 | $77,001.87 | -0.59% |
| 2026-05-17 | $78,148.05 | $78,599.99 | $76,735.16 | $77,457.67 | -0.88% |
| 2026-05-16 | $79,113.20 | $79,227.77 | $77,640.00 | $78,148.05 | -1.22% |
| 2026-05-15 | $81,090.00 | $81,664.45 | $78,659.00 | $79,113.21 | -2.44% |
| 2026-05-14 | $79,313.61 | $82,048.13 | $78,922.00 | $81,089.99 | +2.24% |
| 2026-05-13 | $80,504.47 | $81,324.64 | $78,754.65 | $79,313.61 | -1.48% |
| 2026-05-12 | $81,745.66 | $81,788.00 | $79,843.59 | $80,504.47 | -1.52% |
| 2026-05-11 | $82,210.07 | $82,380.00 | $80,462.97 | $81,745.65 | -0.56% |
| 2026-05-10 | $80,678.41 | $82,479.32 | $80,279.77 | $82,210.07 | +1.90% |
| 2026-05-09 | $80,193.18 | $81,080.00 | $80,129.85 | $80,678.40 | +0.61% |
Technische Analyse
RSI · MACD · moving averages · Bollinger
- R$68,698.70
- R$69,310.00
- R$69,988.83
- R$70,983.00
- S$60,000.00
Multi-Modell-Kursprognose
3-model ensemble · TA + statistical + peer-relative
Aufschlüsselung nach Modell +
| Model | Horizon | Low | Mid | High | Method |
|---|---|---|---|---|---|
| Technical | Short | $55,950.30 | $60,412.35 | $64,874.41 | TA composite (ATR + Bollinger + slope) |
| Technical | Mid | $54,935.37 | $56,738.22 | $63,089.92 | TA composite (ATR + Bollinger + slope) |
| Technical | Long | $29,646.55 | $42,352.22 | $55,057.88 | TA composite (ATR + Bollinger + slope) |
| Monte Carlo | Short | $55,274.48 | $61,795.07 | $69,084.87 | Monte Carlo on 90d log returns |
| Monte Carlo | Mid | $47,749.86 | $60,149.22 | $75,768.36 | Monte Carlo on 90d log returns |
| Monte Carlo | Long | $28,654.30 | $50,439.46 | $88,787.34 | Monte Carlo on 90d log returns |
| Peer comparison | Short | $50,339.26 | $52,910.42 | $57,868.44 | Peer comparison · 3 peers in same category |
| Peer comparison | Mid | $44,944.54 | $46,926.31 | $48,509.27 | Peer comparison · 3 peers in same category |
| Peer comparison | Long | $30,542.59 | $35,904.14 | $53,359.21 | Peer comparison · 3 peers in same category |
The forecast above combines three independent models per the STNews methodology:
- Technical model projects ranges from moving-average, ATR, Bollinger band and trend-slope inputs — useful when the asset is in a clean trending or ranging regime.
- Statistical (Monte Carlo) model uses the 90-day distribution of daily log returns to project the 5th, 50th and 95th percentile prices at each horizon — useful as an unbiased baseline that does not assume any trend continuation.
- Peer-relative model compares against same-category coins of similar market cap, projecting where this asset would trade if it matched the median, lower-quartile and upper-quartile peer return profiles — useful as a sanity check that anchors to broader sector behavior.
The ensemble forecast shown is a weighted average (40% statistical · 30% technical · 30% peer-relative). The confidence badge reflects how closely the three models agree: tighter agreement → higher confidence; wider disagreement → lower confidence, indicating that the asset is in a regime where statistical models alone are unreliable.
Asset-Korrelationen (90T)
Pearson correlation of daily log returns vs top L1 references
Beyond Bitcoin, BTC's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:
- Ethereum reference: +0.90 — a very strong positive relationship.
- Solana reference: +0.87 — a very strong positive relationship.
Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.
Über Bitcoin
Bitcoin (BTC) is eine Layer-1-Kryptowährung, die auf einem eigenen unabhängigen Blockchain-Netzwerk läuft. It trades at $63,151.99 as of the latest update, with a 24-hour move up 1.05%, placing it at rank #1 by market capitalisation among all listed digital assets. Bitcoin's current market cap stands at $1.27T, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.
Auf dieser Seite finden Sie ein Live-Dashboard, das täglich aktualisiert wird und Bitcoin über mehrere Datenquellen verfolgt — Kurshistorie über mehrere Jahre, On-Chain-Aktivität wo verfügbar, Fundamentaldaten wie zirkulierende Versorgung und Verwässerung, Top-Börsen nach Volumen, technische Analyse mit gleitenden Durchschnitten und RSI sowie eine algorithmische Kurzfrist-, Mittelfrist- und Langfristprognose. Alle Zahlen stammen aus öffentlichen APIs und werden lokal zwischengespeichert; nichts hier ist Anlageberatung.
Bitcoin (BTC) is the original cryptocurrency: a decentralized, peer-to-peer digital monetary network proposed by Satoshi Nakamoto in October 2008 and launched in January 2009. With a hard-capped supply of 21 million coins and a predictable issuance schedule that halves every four years, it was designed as digital sound money — credibly scarce, censorship-resistant, and verifiable without trusting any third party.
Bitcoin's value proposition is deliberately narrow. It does not aim to be programmable money, the substrate for an application platform, or a high-throughput payments rail. It aims to be the most resilient, most credibly neutral, and most predictably scarce monetary asset in human history — and the metric that matters most is its survival and security over decades, not its block time or transaction throughput in a given quarter.
At the time of writing, Bitcoin trades at $63,152 with a market capitalization of $1,265 billion, representing roughly 50% of all cryptocurrency value. It is widely accepted as a store-of-value reserve asset by individuals, corporate treasuries, sovereign entities, and — since the January 2024 spot-ETF approvals — large-scale institutional allocators.
By market value Bitcoin (BTC) sits inside the top ten, trading at $63,151.99 as of the latest snapshot. BTC is +1.05% over 24 hours, -4.60% over the past week, -3.74% over 30 days, putting it among the weekly underperformers across the top 250 by market capitalisation. Bitcoin trades 49% off its all-time high of $124,658.54, a level reached 8 months ago. Roughly 95% of BTC's total supply is liquid today (20.04M of 21.00M), with the balance scheduled for gradual release over time.
Trading volume is light versus market value — only about 0.1% of capitalisation changes hands daily — so larger orders can move price more than they would for higher-liquidity peers. On a one-year view BTC has lost 32.0%, against a broader crypto-market backdrop that closed the period roughly flat after several volatile quarters.
So funktioniert es — Bitcoin
Bitcoin wird durch Proof-of-Work-Mining gesichert: Miner konkurrieren darum, ein kryptographisches Rätsel zu lösen, und wer es zuerst löst, veröffentlicht den nächsten Transaktionsblock und verdient die Block-Belohnung. Das Netzwerk passt die Rätselschwierigkeit alle 2.016 Blöcke (etwa zwei Wochen) an, sodass etwa alle 10 Minuten ein neuer Block erzeugt wird, unabhängig davon, wie viel Rechenleistung online ist. Bitcoin hat keine Smart Contracts, kein Staking, kein Validator-Set und keine On-Chain-Governance — es ist absichtlich ein monetäres Netzwerk mit einem einzigen Zweck.
Das Angebot ist auf 21 Millionen BTC begrenzt, und die Block-Belohnung halbiert sich alle 210.000 Blöcke (etwa vier Jahre). Das jüngste Halving senkte die Belohnung im April 2024 auf 3,125 BTC; das nächste wird für etwa April 2028 mit 1,5625 BTC erwartet. Jedes Halving komprimiert den Neuangebots-Zeitplan und markiert historisch den strukturellen Wendepunkt eines vierjährigen Zyklus.
Der Durchsatz auf der Basisschicht ist bewusst begrenzt — durchschnittlich etwa 7 Transaktionen pro Sekunde. Anwendungsfälle mit höherem Volumen laufen auf zweiten Schichten, insbesondere dem Lightning Network, das durch Bitcoin gesicherte Zahlungskanäle verwendet, um hochfrequente Transaktionen mit geringen Gebühren abzuwickeln.
Anwendungsfälle — Bitcoin
Bitcoins primäre Anwendungsfälle spiegeln sein Design als monetäres Netzwerk wider:
- Wertspeicher. Der dominierende Anwendungsfall. Privatpersonen, Unternehmen (insbesondere Strategy, ehemals MicroStrategy, mit ~250.000 BTC) und Staaten halten BTC als digitale Alternative zu Gold — glaubwürdig knapp, grenzüberschreitend ohne Erlaubnis transportierbar und außerhalb der Geldpolitik jeder einzelnen Jurisdiktion.
- Settlement-Layer. Bitcoin wird zunehmend als Settlement-Layer für hochwertige, seltene Transaktionen verwendet, bei denen Endgültigkeit und Settlement ohne Gegenpartei wichtiger sind als Geschwindigkeit.
- Zahlungen via Lightning. Das Lightning Network ermöglicht nahezu sofortige Zahlungen mit Sub-Cent-Gebühren, mit wachsender Akzeptanz in Regionen mit Währungsinstabilität und als Überweisungsschiene.
- Sicherheit. BTC ist die am weitesten akzeptierte Form von Krypto-Sicherheiten auf zentralisierten und dezentralisierten Kreditplattformen.
- Reserve-Asset für ETFs. Spot-Bitcoin-ETFs (IBIT, FBTC, BITB und andere) halten gemeinsam über eine Million BTC und machen den Vermögenswert über traditionelle Brokerage-Konten zugänglich.
Wofür Bitcoin nicht verwendet wird: Smart Contracts, dezentrale Anwendungen, NFTs (Ordinals sind ein Nischen-Overlay) oder ertragsgenerierendes Staking. Alles, was Programmierbarkeit erfordert, läuft auf einem anderen Netzwerk.
Tokenomics
Supply schedule & distribution
- Circulating supply: 20.04M BTC — tokens actively trading and held by the public
- Total supply: 20.04M BTC — all tokens minted to date (including those locked or held by the issuer)
- Max supply: 21.00M BTC — the protocol-defined upper limit (if any) on lifetime issuance
- Issued to date: 95.4% of max supply
Bitcoin's supply schedule directly affects its long-term inflation rate and, by extension, how dilutive future issuance will be to existing holders. A coin near full dilution behaves very differently from one that still has 60% of its supply waiting to be unlocked.
Supply economics
Issuance pressure, dilution, and structural value accrual
Bitcoin's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. At 95.4% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited.
For thesis-building, the relevant question is whether the structural value accrual mechanism (fee burns, staking yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.
Trader-Notiz
Coin-typen-spezifische taktische Interpretation
For Bitcoin, the tactical framework that has historically mattered most is the four-year cycle anchored to the halving. The current cycle's position determines whether the strategic posture is accumulation (early-cycle, post-halving) or distribution-aware (late-cycle, parabolic). Network-health metrics — hashrate, difficulty trajectory, mempool fees — provide the same kind of signal for BTC that earnings provide for equities: the underlying business of mining is either growing or contracting, and the price tends to follow over multi-quarter windows.
The Price Strength composite at 31/100 reads as bearish. Combined with the 49%% from all-time high, this is the kind of setup that has historically rewarded patience: careful entries near support outperform chasing rebounds. Position sizing should reflect that PoW-chain volatility tends to amplify both directions, with single-week moves of 15%+ entirely normal.
Developer activity
On-chain projects live or die by code shipped · via GitHub
- v31.0 · Bitcoin Core 31.0 2026-04-20
- v28.4 · Bitcoin Core 28.4 2026-04-06
- v29.3 · Bitcoin Core 29.3 2026-02-11
- v30.2 · Bitcoin Core 30.2 2026-01-13
- v30.1 · Bitcoin Core 30.1 2026-01-02
Bitcoin's public repository
(bitcoin/bitcoin)
shows 89,276 stars,
100 commits over the trailing 30 days from
18 active contributors, and the
most recent release on 2026-04-20.
Combined into our composite Developer Activity Index, the project reads as
very active
(85/100) — useful as a quasi-fundamental signal alongside on-chain
metrics and market pricing.
Markets & exchanges
Top trading pairs by 24h volume
| # | Exchange | Pair | Last price | 24h volume | Trust |
|---|---|---|---|---|---|
| 1 | Binance | BTC/USDT | $63,151.99 | $1.44B | A+ |
| 2 | Coinbase | BTC/USD | $63,158.31 | $315.91M | A+ |
| 3 | OKX | BTC/USDT | $63,145.67 | $201.03M | A |
| 4 | Bybit | BTC/USDT | $63,164.62 | $157.95M | A |
| 5 | Kraken | BTC/USD | $63,139.36 | $114.87M | A |
Initial rows server-rendered from our verified pipeline (binance-v2). Data-only. STNews does not place affiliate links here. See our affiliate disclosure.
If you'd bought Bitcoin...
ROI calculator · historical close prices
Calculated on daily close prices. Does not include trading fees, taxes, or staking yields. Past performance is not indicative of future results.
Converter
Rate: 1 BTC = $63,151.99
Compared to peers
Price, market cap, volume, supply
| Coin | 7d trend | Price | Market Cap | 24h Vol | 24h % | 7d % |
|---|---|---|---|---|---|---|
|
Bitcoin
BTC
|
$63,151.99 | $1.27T | $1.44B | +1.05% | -4.60% | |
Ethereum
ETH
|
$1,665.67 | $201.02B | $739.68M | +2.02% | -5.79% | |
Dogecoin
DOGE
|
$0.0854 | $12.66B | $61.31M | +0.68% | -6.29% | |
Litecoin
LTC
|
$42.88 | $3.31B | $17.29M | +0.89% | -8.92% | |
Monero
XMR
|
$118.70 | $2.19B | $574.68K | +4.77% | -6.72% | |
Solana
SOL
|
$65.92 | $38.81B | $168.15M | +1.51% | -13.42% | |
BNB
BNB
|
$597.39 | $83.15B | $86.91M | +0.74% | -3.52% | |
Cardano
ADA
|
$0.1637 | $7.37B | $34.92M | -1.21% | -11.45% |
Market sentiment
Crypto Fear & Greed Index · alternative.me
The Crypto Fear & Greed Index aggregates volatility, market momentum, social media activity, dominance and Google Trends data into a single 0–100 score updated daily. Today's reading is 12 — Extreme Fear.
Extreme fear (below 25) historically signals buying opportunities for contrarians, while extreme greed (above 75) often precedes corrections. The index works best as one input among many, not as a standalone trading signal.
Macro & cross-asset context
How macro liquidity and cross-asset moves frame the trade
The macro backdrop for crypto assets in 2026 is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto assets — and Bitcoin in particular — have historically responded most strongly to changes in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse.
The cross-asset relationships worth monitoring: the dollar index (DXY) — historically inversely correlated with crypto over longer windows; the 10-year Treasury yield — a proxy for the cost of risk capital; gold — which often shares "monetary hedge" framing with Bitcoin during certain regime changes; and the S&P 500 — which during liquidity-driven moves often rhymes with crypto despite the popular framing of crypto as uncorrelated.
For Bitcoin specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, BTC tends to follow; when they contract, the relationship typically reverses.
Risiken
Risiken, die für Bitcoin als monetäres Proof-of-Work-Netzwerk spezifisch sind:
- Mining-Konzentration. Die drei größten Mining-Pools kontrollieren zusammen mehr als 50% der globalen Hashrate. Obwohl kein einzelner Pool historisch bösartig gehandelt hat, ist diese Konzentration ein strukturelles Risiko.
- Energie- und regulatorische Exposition. Der Stromverbrauch des Bitcoin-Minings zieht anhaltende politische Aufmerksamkeit auf sich. Jurisdiktionsspezifische Verbote (China 2021) verursachten kurzfristig Hashrate-Rückgänge, schädigten das Netzwerk aber langfristig nicht.
- Quantencomputing (Long-Tail). Ein ausreichend fortgeschrittener Quantencomputer könnte theoretisch elliptische Kurvensignaturen brechen. Dies ist ein mehrjahrzehnter Zeitrahmen und die Gemeinschaft hat aktiv Post-Quantum-Upgrades erforscht.
- Makro-Korrelation. Trotz seiner "unkorreliertes Asset"-Erzählung korreliert BTC historisch mit Risiko-Assets (Nasdaq) während Liquiditätskontraktionen. Diversifikationsvorteile sind real, aber nicht absolut.
- Verwahrung. Selbstverwahrung erfordert operative Sorgfalt; der Verlust privater Schlüssel ist permanent. Verwahrlösungen führen Gegenpartei-Risiko wieder ein.
- Volatilität. Bitcoin hat historisch 60–80% annualisierte realisierte Volatilität geliefert — ein Vielfaches höher als Aktien. Die Positionsgröße muss dies widerspiegeln.
Frequently asked questions
Who created Bitcoin? ▾
Bitcoin was created by an anonymous developer or group of developers using the pseudonym Satoshi Nakamoto. The whitepaper was published in October 2008 and the first block was mined on January 3, 2009. Satoshi's real identity has never been verified.
What is the maximum supply of Bitcoin? ▾
Bitcoin has a hard-coded maximum supply of 21 million coins. The remaining supply will be released gradually through the mining reward, which halves approximately every four years. The final Bitcoin is projected to be mined around the year 2140.
How is Bitcoin different from other cryptocurrencies? ▾
Bitcoin is the original cryptocurrency and remains the largest by market capitalization. It is primarily designed as a store of value and a censorship-resistant payment network, not a platform for smart contracts or decentralized applications. Other major networks like Ethereum focus on programmability; Bitcoin focuses on simplicity, security and predictable monetary policy.
Latest STNews coverage of Bitcoin
All BTC stories →In the news
Headlines from major crypto outlets · refreshed every 6h
Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral
Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return. Galaxy will coordinate an in-kind creation with an authorized participant, then deliver ETP shares directly into the client's chosen account. Onboarding timelines that previously […] The po…
Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What
Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market. However, this recovery seems to only be a stop-gap for now because, according to one analyst, there is something bad coming Bitcoin’s way and it’s goi…
32 BTC Ruse? Critic Predicts Michael Saylor Will Unveil Massive Buy
Strategy’s Michael Saylor has ignited rampant market speculation with a cryptic "32?" post on X, leading both fervent supporters and harsh critics to predict an imminent, massive "buy-the-dip" announcement.
Bitcoin reclaims $63,000 in ‘oversold relief rally’; South Korea’s KOSPI plunges 8%
Presto's Min Jung told The Block that KOSPI's crash may have had some impact on bitcoin's recovery, but not substantially.
‘Bitcoin isn’t dead’ – Novogratz weighs in as BTC rebounds to $62K
Here's why the current drawdown in the market should not scare away crypto investors.
XRP, Bitcoin (BTC), Ethereum (ETH) and Hyperliquid (HYPE) Price Analysis for June 8: Are Top-Tier Assets Ready to Bounce?
The market is unwell, but the fact that most of it is extremely oversold creates a lot of opportunities for investors.
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Data sources: CoinGecko · CoinPaprika · Binance · DefiLlama · alternative.me Fear & Greed Index · Editorial standards: /editorial-guidelines · Affiliate disclosure: /affiliate-disclosure
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