The price of Bitcoin in the UK continues to reflect global market dynamics, offering real-time insights for investors, traders, and crypto enthusiasts. As of today, Bitcoin is trading near its all-time highs, reflecting strong institutional adoption, macroeconomic trends, and growing confidence in digital assets as a long-term store of value. This comprehensive overview delivers up-to-date statistics, on-chain metrics, market sentiment indicators, and future projections to help you understand the current state of Bitcoin in GBP.
Current Bitcoin Market Overview (GBP)
Bitcoin’s 24-hour trading range today sits between £79,498.82 and £81,030.18, indicating moderate volatility despite record-high valuations. With a market capitalization exceeding £1.3 trillion, Bitcoin remains the dominant cryptocurrency by valuation and adoption. The asset's scarcity, decentralization, and increasing integration into traditional finance continue to fuel investor interest.
👉 Discover how market trends influence Bitcoin’s real-time price movements
Key Metrics at a Glance:
- 24h Trading Volume (GBP): High liquidity with significant volume across global exchanges
- All-Time High (USD): Approaching $73,750
- Circulating Supply: 19,887,356 BTC (94.7% of total 21 million issued)
- Market Cap: Over £1.3 trillion
Bitcoin’s fixed supply model and predictable issuance schedule make it a unique asset class—often compared to digital gold due to its deflationary nature.
On-Chain and Network Activity
Blockchain Fundamentals
The Bitcoin network remains robust and secure, with a chain size of 762.24GB and over 1.2 billion transactions processed since inception. The average block time is consistent, with the last block mined 32 minutes ago, slightly above the 10-minute target but within normal variance.
- Total Transactions (24h): 358,848
- SegWit Adoption: 91.25% of transactions now use Segregated Witness (SegWit), improving transaction efficiency and reducing fees.
- Pending Transactions in Mempool: 13,591
- Median Fee for Next Block: 4 sat/vB
- Low-Priority Fee (1 Hour): 1 sat/vB
These low fee estimates indicate healthy network capacity and efficient throughput.
Mining Network Health
Mining is central to Bitcoin’s security and decentralization.
- Hash Rate (24h): 817.02 exahashes per second (EH/s)
- Mining Difficulty: 116.96 trillion (T)
- Estimated Difficulty Change: +4.71% in the next adjustment
- Blocks Until Retarget: 1,226
- Next Retarget Date: July 12, 2025
The upcoming difficulty increase signals rising miner competition, often associated with bullish market conditions.
Block Reward Breakdown
Each new block rewards miners with 3.125 BTC, currently valued at £249,815.88. Transaction fees contribute only 0.9% of total block revenue, underscoring that miners are still heavily reliant on subsidies rather than user fees—a sign that Bitcoin remains primarily a settlement layer.
Institutional Adoption & ETF Trends
U.S.-based spot Bitcoin ETFs have become major drivers of demand, collectively holding over 1.24 million BTC—equivalent to more than 6% of total supply.
Top ETF Holders by BTC Value:
- IBIT (Blackrock): 696,875 BTC (£76.03B)
- FBTC (Fidelity): 201,349 BTC (£21.96B)
- GBTC (Grayscale): 183,950 BTC (£20.06B)
Daily trading volumes show IBIT leading with over $2 billion in volume, capturing 82% of ETF trading activity—highlighting Blackrock’s dominant position in institutional crypto access.
👉 Learn how ETF inflows impact Bitcoin’s long-term price trajectory
Corporate Bitcoin Holdings
Over 145 public companies now hold Bitcoin on their balance sheets, collectively owning 3,400,208 BTC—about 17.1% of circulating supply.
Notable Treasury Holders:
MicroStrategy: Holds 597,325 BTC, the largest corporate holder.
- BTC per diluted share: 0.001901
- NAV premium: 94.80% (trading at nearly double intrinsic value)
Corporate adoption reinforces Bitcoin’s credibility as a treasury reserve asset amid low-yield environments and inflation concerns.
Bitcoin Halving Countdown
The next Bitcoin halving is projected for April 13, 2028, when block rewards will drop from 3.125 BTC to 1.5625 BTC.
- Blocks Remaining: 146,042
- Current Epoch Completion: 30.46%
Historically, halvings precede bull markets due to reduced supply inflation. With only 0.9% annual inflation currently (both forward and realized), Bitcoin is already one of the least inflationary assets globally.
Future halvings are scheduled every four years until the final coin is mined around March 31, 2048, when block rewards will effectively reach zero.
Price Models & Market Valuation
Stock-to-Flow (S2F) Model
- Model Predicted Price: £346,350.73
- Current Multiple: 0.23x
While the current price is below S2F projections, many analysts view this as room for growth rather than model failure.
Power Law Projection
- Projected Fair Value: £88,004.35
- Current Price vs Projection: Trading near fair value (ratio: 0.91)
- Support Band: £31,225.12
- Upper Resistance Band: £323,692.14
This suggests strong technical support and long-term upside potential.
Bitcoin vs Traditional Assets
Bitcoin vs Gold
- Bitcoin Priced in Gold: 32.69 oz or 1.02 kg
- Gold Market Cap: £16.13 trillion
- Bitcoin/Gold Market Cap Ratio: 9.85%
- Parity Price (BTC = Gold Market Cap): £811,345.48
As Bitcoin gains adoption, this ratio could rise significantly over the next decade.
Energy Markets Comparison
Bitcoin’s energy consumption is often debated:
- Priced in WTI Crude: ~1,643 barrels
- Priced in Natural Gas: ~31,902 MMBtu
These comparisons highlight Bitcoin’s energy intensity but also its value density relative to commodities.
Lightning Network Growth
The Lightning Network enables fast, low-cost Bitcoin transactions:
- Total Capacity: 4,071.62 BTC (£325.48M)
- Number of Channels: 42,116
- Average Channel Size: 0.096 BTC (£7,713)
- Tor Nodes: 7,949 (enhancing privacy)
Rapid expansion signals growing utility for micropayments and global remittances.
Frequently Asked Questions
Q: What is the current price of Bitcoin in GBP?
A: As of today, Bitcoin is trading between £79,498 and £81,030, near its all-time high.
Q: When is the next Bitcoin halving?
A: The next halving is expected on April 13, 2028, reducing block rewards to 1.5625 BTC.
Q: How much Bitcoin do U.S. ETFs hold?
A: U.S. spot Bitcoin ETFs collectively hold over 1.24 million BTC—worth over £135 billion.
Q: What percentage of Bitcoin has been mined?
A: Approximately 94.7% of the total 21 million BTC supply has been mined.
Q: Why are transaction fees so low right now?
A: Low mempool congestion allows transactions at just 1 sat/vB for confirmation within an hour.
Q: Is Bitcoin legal in the UK?
A: Yes, Bitcoin is fully legal in the UK for investment and trading purposes.