Bitcoin Price Hits $71,038.10 (BTC)

Bitcoin (BTC) traded up 4.6% against the US dollar during the 24-hour period ending at 21:00 PM ET on November 5th. Bitcoin has a total market cap of $1,405.01 billion and approximately $53.82 billion worth of Bitcoin was traded on exchanges in the last day. During the last week, Bitcoin has traded down 2% against the US dollar. One Bitcoin coin can currently be purchased for approximately $71,038.10 on major exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded 5.9% higher against the dollar and now trades at $349.00 or 0.00491290 BTC.
• Bitcoin SV (BSV) traded up 5.6% against the dollar and now trades at $48.02 or 0.00067601 BTC.
• Arweave (AR) traded up 7.5% against the dollar and now trades at $14.09 or 0.00019835 BTC.
• eCash (XEC) traded up 6.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 8.6% against the dollar and now trades at $0.0919 or 0.00000129 BTC.

About Bitcoin

Bitcoin (CRYPTO: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 19,778,275 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.org. 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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView