Bitcoin Hits 24 Hour Trading Volume of $2.26 Billion (BTC)

Bitcoin (BTC) traded 1.9% higher against the US dollar during the 24 hour period ending at 9:00 AM ET on September 10th. Bitcoin has a market capitalization of $1,119.85 billion and $2.26 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be bought for about $56,694.61 on popular cryptocurrency exchanges. During the last seven days, Bitcoin has traded down 3.3% against the US dollar.

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

• Bitcoin Cash (BCH) traded 3.4% higher against the dollar and now trades at $322.67 or 0.00569128 BTC.
• Arweave (AR) traded 0.2% lower against the dollar and now trades at $20.13 or 0.00035512 BTC.
• Bitcoin SV (BSV) traded 7.6% higher against the dollar and now trades at $48.89 or 0.00086228 BTC.
• eCash (XEC) traded 0.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 0.2% lower against the dollar and now trades at $0.11 or 0.00000187 BTC.

Bitcoin Profile

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 19,752,346 coins. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official website is bitcoin.org. 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.

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 GDAX, Coinbase or Changelly.

BTC/USD price chart by TradingView