Bitcoin Achieves Market Capitalization of $1,362.51 Billion (BTC)

Bitcoin (BTC) traded 0.2% higher against the US dollar during the one day period ending at 7:00 AM E.T. on November 5th. During the last seven days, Bitcoin has traded down 3.6% against the US dollar. Bitcoin has a total market cap of $1,362.51 billion and $41.74 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for about $68,890.14 on major exchanges.

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

• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $339.29 or 0.00492508 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $46.55 or 0.00067571 BTC.
• Arweave (AR) traded 2.6% lower against the dollar and now trades at $13.52 or 0.00019619 BTC.
• eCash (XEC) traded 1.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.7% against the dollar and now trades at $0.0855 or 0.00000124 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,778,009 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official website 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Changelly, GDAX or Coinbase.

BTC/USD price chart by TradingView