Bitcoin (BTC) 24-Hour Volume Tops $58.72 Billion

Bitcoin (BTC) traded 1% lower against the U.S. dollar during the 1 day period ending at 7:00 AM ET on February 26th. Bitcoin has a total market cap of $1,748.75 billion and approximately $58.72 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for approximately $88,189.64 on major cryptocurrency exchanges. During the last seven days, Bitcoin has traded down 8.4% against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded 3.1% higher against the dollar and now trades at $294.47 or 0.00333906 BTC.
• Bitcoin SV (BSV) traded 2.3% higher against the dollar and now trades at $34.83 or 0.00039489 BTC.
• Arweave (AR) traded up 3.9% against the dollar and now trades at $8.20 or 0.00009296 BTC.
• eCash (XEC) traded 1.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 3.7% against the dollar and now trades at $0.0601 or 0.00000068 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,829,384 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official website is bitcoin.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.”

Buying and Selling Bitcoin

Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using GDAX, Coinbase or Gemini.

BTC/USD price chart by TradingView