Bitcoin (BTC) Reaches Market Capitalization of $1,347.70 Billion

Bitcoin (BTC) traded 0.2% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on October 19th. In the last week, Bitcoin has traded up 8% against the US dollar. One Bitcoin coin can currently be bought for $68,169.30 on major exchanges. Bitcoin has a total market cap of $1,347.70 billion and approximately $1.34 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $362.98 or 0.00532473 BTC.
• Arweave (AR) traded 1% lower against the dollar and now trades at $18.69 or 0.00027416 BTC.
• Bitcoin SV (BSV) traded 2.7% lower against the dollar and now trades at $50.53 or 0.00074120 BTC.
• eCash (XEC) traded down 0.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.1% against the dollar and now trades at $0.10 or 0.00000148 BTC.

About Bitcoin

Bitcoin (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 19,769,853 coins. The official website for Bitcoin is bitcoin.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 message board 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 trade Bitcoin using U.S. dollars directly can do so using Gemini, Changelly or GDAX.

BTC/USD price chart by TradingView