Bitcoin Price Up 3.6% This Week (BTC)

Bitcoin (BTC) traded down 2.7% against the U.S. dollar during the 24-hour period ending at 19:00 PM E.T. on October 31st. One Bitcoin coin can currently be purchased for approximately $70,521.87 on major cryptocurrency exchanges. Bitcoin has a market cap of $1,394.64 billion and $40.53 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last week, Bitcoin has traded 3.6% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Cash (BCH) traded down 3.1% against the dollar and now trades at $359.86 or 0.00510286 BTC.
• Bitcoin SV (BSV) traded up 2.2% against the dollar and now trades at $51.91 or 0.00073606 BTC.
• Arweave (AR) traded 7.3% lower against the dollar and now trades at $15.45 or 0.00021905 BTC.
• eCash (XEC) traded down 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.5% lower against the dollar and now trades at $0.0974 or 0.00000138 BTC.

Bitcoin Coin Profile

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,775,975 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed 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 trade Bitcoin using U.S. dollars directly can do so using Gemini, Coinbase or Changelly.

BTC/USD price chart by TradingView