As of July 24, 2024, at 2:16 PM EDT, the price of Bitcoin is $66,480.40.

Here is some additional information about the price of Bitcoin:

• 24-hour change: -1.65%
• Market cap: $1,311.64 billion
• 24-hour trading volume: $42.92 billion

How Bitcoin works

Bitcoin is a decentralized digital currency, which means it is not controlled by any government or central bank. It is based on blockchain technology, a distributed ledger that records all Bitcoin transactions.

Bitcoin transactions are verified by a network of computers, which makes the currency very difficult to counterfeit or hack.

Risks of investing in Bitcoin

Bitcoin is a volatile investment, which means its price can fluctuate wildly. It is important to do your own research and understand the risks involved before investing in Bitcoin.

Here are some of the risks of investing in Bitcoin:

• Volatility: The price of Bitcoin can go up and down quickly. You could lose money if you invest in Bitcoin and the price falls.
• Regulation: Governments around the world are still working on how to regulate Bitcoin. This could lead to new regulations that could make it more difficult to buy, sell, or use Bitcoin.
• Security: While Bitcoin is a secure system, there have been some high-profile hacks of Bitcoin exchanges. If you invest in Bitcoin, you need to make sure that you store your Bitcoin in a secure wallet.
• Scams: There are many scams associated with Bitcoin. It is important to be aware of these scams and to only invest in Bitcoin from reputable sources.

Overall

Bitcoin is a complex and risky investment. It is important to do your own research and understand the risks involved before investing in Bitcoin.

I hope this information is helpful. Please let me know if you have any other questions.