Bitcoin (BTC) Achieves Market Cap of $1,425.98 Billion

Bitcoin (BTC) traded down 1% against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on October 30th. During the last seven days, Bitcoin has traded 8.8% higher against the U.S. dollar. One Bitcoin coin can currently be bought for $72,109.07 on popular exchanges. Bitcoin has a market capitalization of $1,425.98 billion and approximately $3.39 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 down 2.3% against the dollar and now trades at $373.83 or 0.00517133 BTC.
• Arweave (AR) traded 1.2% higher against the dollar and now trades at $16.78 or 0.00023210 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $50.77 or 0.00070228 BTC.
• eCash (XEC) traded 0.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.6% higher against the dollar and now trades at $0.10 or 0.00000144 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 19,775,284 coins. 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. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here.

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