Bitcoin is the price today.

Bitcoin at the historic new high of about $126,200 on October 6, 2025. This round of growth was driven by record cash flow into Bitcoin ETFs, the U.S. establishment of strategic Bitcoin reserves and wider advances in the regulation of the benefits. After the Bitcoin ETF was approved in January of the same year, Bitcoin had previously passed $100,000 for the first time in December 2024. By the beginning of 2026, Bitcoin’s trading price was far below its historic highest. Cryptocurrency prices are highly volatile, and historical price levels do not represent future performance.

Bitcoin’s prices are shaped by a variety of factors, including global liquidity and central bank monetary policy, cash Bitcoin ETF funding (representative demand), Bitcoin decreasing half-cycle (about every four years reducing the speed of new supply), mining economy and hash rate trends, including corporate financial strategies and sovereign reserve initiatives, and advances in adoption. Market regulatory actions, as well as wider macroeconomic conditions such as inflation, interest rates and geopolitical risks. Bitcoin 2, 1 million fixed supply means price changes are mainly driven by demand changes, as its supply growth follows predictable and decreased schedule. The factors listed above are for reference only and should not be interpreted as price forecasts. Nexo does not provide any investment advice or price forecast.

Bitcoin has a 2.1 million hard top limit, which is compulsory by protocol code. By the beginning of 2026, approximately 20 million BTCs have been mined, with the remaining less than one million BTSs created through mining awards. Due to the half-event, the remaining Bitcoin will be released at a decreased rate, and the last small part of Bitcoin is expected to be extracted around 2140. It is estimated that 3 to 4 million BTCs are considered unaccessible for a permanent time due to private key loss, forgotten wallets or other irreversible circumstances – meaning effective circulation supply is significantly lower than the total mining output. This rareity is one of the most frequently mentioned structural features in Bitcoin’s long-term price discussions.

Bitcoin decrease is a pre-set event that will decreeze the block bonus – the number of new BTCs that miners get from verifying transactions – by half. About one time per 210,000 blocks, about once every four years. The latest half-down occurred on April 20, 2024, with block rewards dropped from 6.25 BTC per block to 3.125 BTC. The next half-down is expected to occur in 2028. Half-down reduces the rate of new Bitcoin’s entry into circulation, and increases supply with time. Historically, half-events have often been accompanied by a price rise period, but past laws do not guarantee future performance, and there are many other factors that affect the price of Bitcoin. When all the 21 million BTCs are completed, the miners will only be rewarded through transaction costs.