Bitcoin Price Up 1.4% Over Last Week (BTC)

Bitcoin (BTC) traded 0.3% higher against the U.S. dollar during the 1 day period ending at 22:00 PM ET on October 12th. Bitcoin has a market cap of $1,244.02 billion and $16.30 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for approximately $62,934.73 on major cryptocurrency exchanges. During the last week, Bitcoin has traded up 1.4% against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded 0% higher against the dollar and now trades at $327.34 or 0.00519912 BTC.
• Arweave (AR) traded up 1.1% against the dollar and now trades at $19.14 or 0.00030400 BTC.
• Bitcoin SV (BSV) traded 0.5% lower against the dollar and now trades at $45.54 or 0.00072326 BTC.
• eCash (XEC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2% against the dollar and now trades at $0.10 or 0.00000162 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 19,766,868 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 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 Coinbase, Gemini or GDAX.

BTC/USD price chart by TradingView