Bitcoin Market Cap Hits $1,211.28 Billion (BTC)

Bitcoin (BTC) traded down 2.4% against the US dollar during the 24 hour period ending at 17:00 PM Eastern on May 8th. Over the last week, Bitcoin has traded 7.2% higher against the US dollar. One Bitcoin coin can currently be bought for approximately $61,500.08 on exchanges. Bitcoin has a total market capitalization of $1,211.28 billion and $1.15 billion worth of Bitcoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded 7.2% lower against the dollar and now trades at $446.53 or 0.00726117 BTC.
• Arweave (AR) traded 3.8% lower against the dollar and now trades at $36.65 or 0.00059602 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $62.71 or 0.00101978 BTC.
• eCash (XEC) traded down 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.5% against the dollar and now trades at $0.19 or 0.00000306 BTC.

About Bitcoin

Bitcoin (BTC) 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 19,695,612 coins. 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. The official website for Bitcoin is bitcoin.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 US dollars directly can do so using Gemini, Coinbase or Changelly.

BTC/USD price chart by TradingView