Bitcoin Market Capitalization Tops $1,245.94 Billion (BTC)

Bitcoin (BTC) traded 0% lower against the U.S. dollar during the one day period ending at 16:00 PM ET on October 12th. Over the last seven days, Bitcoin has traded 2% higher against the U.S. dollar. Bitcoin has a total market cap of $1,245.94 billion and $18.52 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for approximately $63,031.94 on major exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $329.41 or 0.00522607 BTC.
• Arweave (AR) traded 2.9% higher against the dollar and now trades at $19.52 or 0.00030964 BTC.
• Bitcoin SV (BSV) traded up 0.2% against the dollar and now trades at $45.63 or 0.00072387 BTC.
• eCash (XEC) traded up 2.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.2% lower against the dollar and now trades at $0.10 or 0.00000163 BTC.

Bitcoin Coin 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 19,766,737 coins. 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. 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 U.S. dollars directly can do so using GDAX, Changelly or Gemini.

BTC/USD price chart by TradingView