Bitcoin Market Capitalization Hits $1,245.98 Billion (BTC)

Bitcoin (BTC) traded down 0.8% against the dollar during the 1-day period ending at 18:00 PM Eastern on April 27th. During the last week, Bitcoin has traded down 2.3% against the dollar. One Bitcoin coin can currently be purchased for approximately $63,276.32 on major cryptocurrency exchanges. Bitcoin has a total market capitalization of $1,245.98 billion and $19.58 billion worth of Bitcoin was traded on exchanges in the last day.

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

• Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $474.64 or 0.00750247 BTC.
• Arweave (AR) traded up 6.9% against the dollar and now trades at $33.47 or 0.00052907 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $66.71 or 0.00105445 BTC.
• eCash (XEC) traded 1.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.1% lower against the dollar and now trades at $0.22 or 0.00000345 BTC.

About Bitcoin

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 19,691,100 coins. Bitcoin’s official message board is bitcointalk.org. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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.”

Buying and Selling Bitcoin

Investors seeking to trade Bitcoin using US dollars directly can do so using Gemini, Coinbase or GDAX.

BTC/USD price chart by TradingView