Bitcoin (BTC) Price Down 5.2% Over Last Week

Bitcoin (BTC) traded 1.2% higher against the US dollar during the 24-hour period ending at 16:00 PM E.T. on June 29th. During the last seven days, Bitcoin has traded down 5.2% against the US dollar. One Bitcoin coin can now be purchased for about $60,940.92 on major cryptocurrency exchanges. Bitcoin has a market cap of $1,201.66 billion and approximately $13.14 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $383.82 or 0.00629829 BTC.
• Arweave (AR) traded 5% higher against the dollar and now trades at $27.84 or 0.00045679 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $44.10 or 0.00072372 BTC.
• eCash (XEC) traded 1.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.7% lower against the dollar and now trades at $0.12 or 0.00000201 BTC.

Bitcoin 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 19,718,503 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin 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 US dollars directly can do so using Coinbase, Changelly or GDAX.

BTC/USD price chart by TradingView