Bitcoin (BTC) Trading 14.3% Lower This Week

Bitcoin (BTC) traded 2% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on August 6th. Bitcoin has a market capitalization of $1,118.39 billion and $47.34 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for $56,666.04 on major exchanges. During the last seven days, Bitcoin has traded 14.3% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $315.78 or 0.00557263 BTC.
• Arweave (AR) traded up 1% against the dollar and now trades at $20.61 or 0.00036364 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $37.50 or 0.00066181 BTC.
• eCash (XEC) traded 4.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.1% higher against the dollar and now trades at $0.0719 or 0.00000127 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 19,736,600 coins. 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. 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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView