Bitcoin (BTC) Hits Market Cap of $1.43 trillion

Bitcoin (BTC) traded down 3.4% against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on June 1st. One Bitcoin coin can currently be purchased for approximately $71,292.92 on popular cryptocurrency exchanges. Bitcoin has a total market cap of $1.43 trillion and approximately $1.69 billion worth of Bitcoin was traded on exchanges in the last day. Over the last week, Bitcoin has traded down 8.1% against the U.S. dollar.

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

• Arweave (AR) traded up 0.7% against the dollar and now trades at $2.24 or 0.00003141 BTC.
• Bitcoin Cash (BCH) traded down 5.1% against the dollar and now trades at $284.34 or 0.00398827 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $13.73 or 0.00019262 BTC.
• eCash (XEC) traded down 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.7% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 20,037,100 coins. 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. 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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView