Bitcoin (BTC) Price Down 5% Over Last 7 Days

Bitcoin (BTC) traded 3.3% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on September 9th. In the last week, Bitcoin has traded 5% lower against the U.S. dollar. One Bitcoin coin can currently be purchased for about $56,734.15 on popular exchanges. Bitcoin has a market cap of $1,120.62 billion and approximately $33.81 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Bitcoin Cash (BCH) traded 4.1% higher against the dollar and now trades at $318.96 or 0.00562199 BTC.
• Arweave (AR) traded up 0.9% against the dollar and now trades at $20.47 or 0.00036085 BTC.
• Bitcoin SV (BSV) traded 3.3% higher against the dollar and now trades at $45.90 or 0.00080898 BTC.
• eCash (XEC) traded 0.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.8% higher against the dollar and now trades at $0.11 or 0.00000188 BTC.

Bitcoin Profile

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 19,752,168 coins. The official website for Bitcoin is bitcoin.org. The official message board for Bitcoin is bitcointalk.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 acquire Bitcoin using U.S. dollars directly can do so using GDAX, Gemini or Coinbase.

BTC/USD price chart by TradingView