Bitcoin (BTC) Achieves Market Cap of $1,118.39 Billion

Bitcoin (BTC) traded 2% higher against the US dollar during the twenty-four hour period ending at 22:00 PM ET on August 6th. Over the last seven days, Bitcoin has traded 14.3% lower against the US dollar. Bitcoin has a total market cap of $1,118.39 billion and $47.34 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for $56,666.04 on popular cryptocurrency exchanges.

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

• Bitcoin Cash (BCH) traded down 2% against the dollar and now trades at $315.78 or 0.00557263 BTC.
• Arweave (AR) traded 1% higher 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 up 4.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 1.1% against the dollar and now trades at $0.0719 or 0.00000127 BTC.

About Bitcoin

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 19,736,600 coins. The official message board for Bitcoin is bitcointalk.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official website 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.”

Bitcoin Coin Trading

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

BTC/USD price chart by TradingView