Bitcoin (BTC) is a decentralized digital asset introduced in 2008 through a whitepaper by an anonymous creator or group known as Satoshi Nakamoto and officially launched in January 2009. Bitcoin is designed as a peer‑to‑peer payment system, enabling people to send, receive, and store value without traditional banks or central authorities. All transactions are recorded on a public blockchain, a secure, transparent, and decentralized ledger maintained by thousands of independent computers worldwide. The total supply is capped at 21 million BTC, which cannot be increased, making Bitcoin scarce. Each Bitcoin can be divided into 100 million satoshis (0.00000001 BTC), allowing both microtransactions and large transfers. The price of Bitcoin today changes in real time, depending on global demand and supply. The bitcoin value is often tracked against multiple currencies, including the U.S. dollar in the BTC/USD market and the Canadian dollar in the BTC/CAD market.

Bitcoin operates through a decentralized peer‑to‑peer network in which participants can transfer BTC directly to each other without relying on intermediaries. The history of all transactions is stored on the Bitcoin blockchain, a public ledger secured and updated by a distributed network of computers called nodes. The process of adding new transactions to the blockchain is called mining. Miners use specialized hardware to solve mathematical problems that confirm transaction validity. When a block of transactions is successfully verified, the miner receives a block reward in newly issued BTC along with transaction fees. This process also controls the rate at which new Bitcoin enters circulation. The BTC/CAD price changes continuously in response to market activity. Individuals can buy, sell, and store Bitcoin using wallets that are secured by cryptographic keys, giving them control over their holdings.

Bitcoin can be used in a variety of ways depending on the needs of the user. It is frequently compared to commodities like gold because of its fixed supply of 21 million BTC, although it functions as a digital asset rather than a physical one. Some people use Bitcoin for online payments or to transfer value across borders without relying on banks. Others use it as part of their digital asset portfolio, tracking bitcoin price in various currencies, such as the BTC/USD and BTC/CAD markets. Many people monitor the Bitcoin price today as an indicator of market activity and adoption, but its price can fluctuate significantly in both directions.

Bitcoin was first launched in January 2009 when its creator, Satoshi Nakamoto, mined the genesis block (Block 0). The first documented exchange of Bitcoin for goods occurred on May 22, 2010, when 10,000 BTC were used to purchase two pizzas. This date is now known as Bitcoin Pizza Day. In the years that followed, Bitcoin began trading on various exchanges, with its BTC/USD price starting at just a fraction of a cent. By February 2011, Bitcoin reached parity with the U.S. dollar. Since then, the price of Bitcoin has experienced significant rises and declines, reaching multiple all‑time highs, including above $122,000 (CA$163,000) in July 2025. The Bitcoin price today reflects a mix of global demand, adoption trends, and developments within the cryptocurrency ecosystem.

The Bitcoin price in USD is known for experiencing notable short‑term fluctuations, and this volatility can be attributed to a combination of factors. One reason is market liquidity. Although Bitcoin is the largest cryptocurrency by market capitalization, the total value of the BTC/USD market is still smaller than the traditional financial markets. This means that large buy or sell orders can have a proportionally greater effect on the Bitcoin price today. Another factor is speculative trading. Many market participants actively monitor Bitcoin charts and trade BTC to take advantage of price movements, which can intensify both upward and downward swings. News events and regulatory updates also play a role. Announcements related to government policy, adoption by major companies, or operational issues at cryptocurrency exchanges can influence sentiment and cause rapid changes in the BTC price. In addition, technological developments such as upgrades to the Bitcoin network or shifts in mining activity can impact how traders and investors perceive the market. Because of these combined influences, the BTC price now can be significantly different from what it was just a few hours earlier. Many people who follow the market use real‑time Bitcoin price trackers to monitor these changes and stay informed about the BTC/USD and BTC/CAD exchange rates.

The amount of Bitcoin you can purchase for $1 depends entirely on the live BTC/USD exchange rate at the time of the transaction. For instance, if the Bitcoin price today is $40,000 USD, $1 would be equivalent to 0.000025 BTC. If the price increases to $50,000 USD, $1 would instead equal 0.00002 BTC. Similarly, if the BTC/CAD price is $54,000 CAD, $1 CAD would be equivalent to approximately 0.0000185 BTC. If the price rises to $65,000 CAD, $1 CAD would equal approximately 0.0000153 BTC. Since the Bitcoin price changes constantly in response to global market activity, the value of $1 in Bitcoin will vary throughout the day. Anyone looking to check this conversion can refer to a live Bitcoin price tracker, which provides the most up‑to‑date BTC/USD and BTC/CAD rates available at any given moment.

Bitcoin first reached parity with the U.S. dollar in February 2011. This milestone marked the first time 1 BTC equaled $1 USD, a moment that reflected Bitcoin’s shift from an experimental tech project to a digital asset with measurable monetary value. Since then, Bitcoin value and the BTC/USD price has seen both dramatic rises and sharp corrections. From $1 in 2011, Bitcoin has gone on to reach multiple all-time highs (e.g., above $122,000 USD or $163,000 CAD in July 2025), and the Bitcoin price today is sitting far higher than its early beginnings.

Bitcoin is the world’s first cryptocurrency and as such, it has the largest network, infrastructure, and brand recognition. Since it was introduced in 2008, Bitcoin has maintained its position as the largest cryptocurrency by market capitalization. Its dominance, or its share of the total crypto market, serves as a key indicator of its influence and status as the industry’s benchmark.

Yes, you can buy Bitcoin with Canadian dollars (CAD) on Coinbase or on other reputable financial platforms. To buy Bitcoin, you will need to create an account and complete the identity verification process. Once identity verification is complete, you can deposit CAD into your account. On Coinbase, you can add funds instantly via Interac e-Transfer and Electronic Funds Transfer (EFT). You can then use these funds to purchase Bitcoin based on the current BTC/CAD market rate.

To find out the amount of Bitcoin you can buy with $100 CAD, you divide the amount you have by the price of one Bitcoin. For instance, if the Bitcoin price today is $50,000 CAD: $100 / $50,000 = 0.002 BTC. We update our Bitcoin to CAD currency in real-time. Get the live price of Bitcoin on Coinbase.

We update our Bitcoin to CAD currency in real-time. Convert Canadian Dollar CAD to Bitcoin BTC using our real-time converter.

We update our Bitcoin to CAD currency in real-time. Get the live price of Bitcoin on Coinbase.