Bitcoin Price Tops $67,518.66 (BTC)

Bitcoin (BTC) traded 1.1% higher against the US dollar during the 1 day period ending at 12:00 PM ET on October 16th. In the last seven days, Bitcoin has traded 9.4% higher against the US dollar. Bitcoin has a total market cap of $1,334.74 billion and $3.22 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be bought for $67,518.66 on exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded up 2.1% against the dollar and now trades at $362.69 or 0.00537281 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $18.75 or 0.00027780 BTC.
• Bitcoin SV (BSV) traded up 4.8% against the dollar and now trades at $50.80 or 0.00075252 BTC.
• eCash (XEC) traded 2.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 3.6% against the dollar and now trades at $0.10 or 0.00000150 BTC.

Bitcoin Profile

Bitcoin (BTC) 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 19,768,468 coins. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official website 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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView