Bitcoin Achieves Market Cap of $1,297.24 Billion (BTC)

Bitcoin (BTC) traded 4.4% higher against the U.S. dollar during the twenty-four hour period ending at 23:00 PM E.T. on October 14th. During the last week, Bitcoin has traded up 4.8% against the U.S. dollar. Bitcoin has a market cap of $1,297.24 billion and $44.73 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for $65,624.04 on major exchanges.

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

  • Bitcoin Cash (BCH) traded 15.8% higher against the dollar and now trades at $372.85 or 0.00568155 BTC.
  • Arweave (AR) traded up 6.3% against the dollar and now trades at $20.48 or 0.00031209 BTC.
  • Bitcoin SV (BSV) traded up 11.1% against the dollar and now trades at $49.87 or 0.00075999 BTC.
  • eCash (XEC) traded up 12% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 4.3% higher against the dollar and now trades at $0.11 or 0.00000162 BTC.

Bitcoin Profile

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 19,767,746 coins. The official website for Bitcoin is bitcoin.org. The official message board for Bitcoin is bitcointalk.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 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 Coinbase, GDAX or Changelly.

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