Bitcoin Reaches Market Capitalization of $1,241.78 Billion (BTC)

Bitcoin (BTC) traded down 0.8% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on July 1st. One Bitcoin coin can now be bought for approximately $62,973.13 on popular exchanges. During the last week, Bitcoin has traded 4.1% higher against the U.S. dollar. Bitcoin has a total market capitalization of $1,241.78 billion and $22.58 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $384.12 or 0.00609980 BTC.
• Arweave (AR) traded up 0.4% against the dollar and now trades at $28.02 or 0.00044491 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $44.22 or 0.00070224 BTC.
• eCash (XEC) traded down 3.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3% lower against the dollar and now trades at $0.13 or 0.00000200 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 19,719,190 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. The official website for Bitcoin 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.”

Bitcoin Coin Trading

Investors seeking to trade Bitcoin using US dollars directly can do so using GDAX, Gemini or Coinbase.

BTC/USD price chart by TradingView