Bitcoin (BTC) Reaches Market Cap of $1,339.66 Billion

Bitcoin (BTC) traded 0.7% higher against the US dollar during the twenty-four hour period ending at 0:00 AM ET on October 24th. One Bitcoin coin can now be purchased for $67,753.59 on major exchanges. Bitcoin has a total market capitalization of $1,339.66 billion and $30.09 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last week, Bitcoin has traded down 0% against the US dollar.

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

• Bitcoin Cash (BCH) traded up 1.9% against the dollar and now trades at $363.20 or 0.00536073 BTC.
• Arweave (AR) traded down 0.2% against the dollar and now trades at $18.09 or 0.00026696 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $47.87 or 0.00070649 BTC.
• eCash (XEC) traded 0.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 4.2% against the dollar and now trades at $0.11 or 0.00000157 BTC.

Bitcoin Profile

Bitcoin (BTC) 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 19,772,606 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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. The official message board for Bitcoin is bitcointalk.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 Changelly, Gemini or Coinbase.

BTC/USD price chart by TradingView