Bitcoin (BTC) Market Capitalization Reaches $1,302.84 Billion

Bitcoin (BTC) traded down 1.7% against the U.S. dollar during the one day period ending at 12:00 PM Eastern on October 23rd. Bitcoin has a market cap of $1,302.84 billion and $27.82 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin has traded down 2.5% against the U.S. dollar. One Bitcoin coin can currently be bought for about $65,893.20 on cryptocurrency exchanges.

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

• Bitcoin Cash (BCH) traded down 3.2% against the dollar and now trades at $345.23 or 0.00523252 BTC.
• Arweave (AR) traded down 3.7% against the dollar and now trades at $17.68 or 0.00026794 BTC.
• Bitcoin SV (BSV) traded down 3.3% against the dollar and now trades at $46.48 or 0.00070450 BTC.
• eCash (XEC) traded 3.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.3% lower against the dollar and now trades at $0.0993 or 0.00000150 BTC.

Bitcoin Profile

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 19,771,928 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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. The official message board for Bitcoin is bitcointalk.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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView