Bitcoin (BTC) Trading Down 10.3% This Week

Bitcoin (BTC) traded down 1.2% against the U.S. dollar during the one day period ending at 20:00 PM ET on August 3rd. One Bitcoin coin can now be purchased for $60,689.93 on popular cryptocurrency exchanges. Bitcoin has a market cap of $1,197.73 billion and approximately $31.51 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin has traded 10.3% lower against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded down 4.3% against the dollar and now trades at $364.70 or 0.00600930 BTC.
• Arweave (AR) traded down 7.9% against the dollar and now trades at $22.68 or 0.00037377 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $43.00 or 0.00070860 BTC.
• eCash (XEC) traded 0.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.4% lower against the dollar and now trades at $0.0825 or 0.00000136 BTC.

Bitcoin Coin Profile

Bitcoin 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 19,735,225 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official website is bitcoin.org. 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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView