Bitcoin Reaches 1-Day Volume of $35.24 Billion (BTC)

Bitcoin (BTC) traded 4.2% lower against the US dollar during the 24-hour period ending at 15:00 PM Eastern on August 3rd. During the last week, Bitcoin has traded down 12.3% against the US dollar. Bitcoin has a market cap of $1,188.87 billion and approximately $35.24 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for approximately $60,241.14 on exchanges.

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

• Bitcoin Cash (BCH) traded 8.8% lower against the dollar and now trades at $359.80 or 0.00597266 BTC.
• Arweave (AR) traded down 8.7% against the dollar and now trades at $22.30 or 0.00037013 BTC.
• Bitcoin SV (BSV) traded 4.8% lower against the dollar and now trades at $42.32 or 0.00070243 BTC.
• eCash (XEC) traded down 2.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4% against the dollar and now trades at $0.0813 or 0.00000135 BTC.

Bitcoin Profile

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 19,735,112 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed 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 U.S. dollars directly can do so using Changelly, Coinbase or Gemini.

BTC/USD price chart by TradingView