Bitcoin Reaches Market Capitalization of $1,352.12 Billion (BTC)

Bitcoin (BTC) traded 0.7% higher against the US dollar during the one day period ending at 22:00 PM ET on October 18th. Over the last seven days, Bitcoin has traded up 9.1% against the US dollar. One Bitcoin coin can currently be purchased for approximately $68,393.98 on popular cryptocurrency exchanges. Bitcoin has a market cap of $1,352.12 billion and $34.49 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $367.27 or 0.00537005 BTC.
• Arweave (AR) traded 1.1% higher against the dollar and now trades at $19.08 or 0.00027898 BTC.
• Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $50.87 or 0.00074375 BTC.
• eCash (XEC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.7% higher against the dollar and now trades at $0.10 or 0.00000150 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2010. Bitcoin’s total supply is 19,769,568 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 website is bitcoin.org. 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 acquire Bitcoin using U.S. dollars directly can do so using Changelly, GDAX or Gemini.

BTC/USD price chart by TradingView