Bitcoin (BTC) Trading Down 0.3% Over Last Week

Bitcoin (BTC) traded up 0.3% against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on October 23rd. During the last week, Bitcoin has traded 0.3% lower against the U.S. dollar. One Bitcoin coin can now be bought for approximately $67,228.06 on popular cryptocurrency exchanges. Bitcoin has a market cap of $1,329.24 billion and $34.60 billion worth of Bitcoin was traded on exchanges in the last day.

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

• Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $355.16 or 0.00528290 BTC.
• Arweave (AR) traded 0.5% lower against the dollar and now trades at $18.07 or 0.00026885 BTC.
• Bitcoin SV (BSV) traded 0.5% lower against the dollar and now trades at $47.45 or 0.00070574 BTC.
• eCash (XEC) traded down 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.5% against the dollar and now trades at $0.10 or 0.00000152 BTC.

Bitcoin Profile

Bitcoin 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 19,772,140 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official website is bitcoin.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 message board 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 Changelly, Gemini or Coinbase.

BTC/USD price chart by TradingView