Bitcoin Price Up 7.8% Over Last Week (BTC)

Bitcoin (BTC) traded up 1.6% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on October 29th. During the last seven days, Bitcoin has traded 7.8% higher against the U.S. dollar. One Bitcoin coin can currently be bought for $72,328.85 on popular exchanges. Bitcoin has a market capitalization of $1,430.31 billion and approximately $55.26 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded up 2.9% against the dollar and now trades at $380.22 or 0.00525211 BTC.
• Arweave (AR) traded 2.4% higher against the dollar and now trades at $16.83 or 0.00023251 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $51.49 or 0.00071128 BTC.
• eCash (XEC) traded 0.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.9% higher against the dollar and now trades at $0.10 or 0.00000143 BTC.

Bitcoin Coin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 19,775,028 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin is bitcoin.org.

According to CryptoCompare, “Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.”

Buying and Selling Bitcoin

Investors seeking to acquire Bitcoin using US dollars directly can do so using Coinbase, GDAX or Gemini.

BTC/USD price chart by TradingView