Bitcoin Price Down 3.6% This Week (BTC)

Bitcoin (BTC) traded 0.2% higher against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on November 5th. Bitcoin has a market capitalization of $1,362.51 billion and $41.74 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for $68,890.14 on popular cryptocurrency exchanges. Over the last seven days, Bitcoin has traded 3.6% lower against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $339.29 or 0.00492508 BTC.
• Bitcoin SV (BSV) traded 0.4% higher against the dollar and now trades at $46.55 or 0.00067571 BTC.
• Arweave (AR) traded down 2.6% against the dollar and now trades at $13.52 or 0.00019619 BTC.
• eCash (XEC) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.7% against the dollar and now trades at $0.0855 or 0.00000124 BTC.

Bitcoin Coin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,778,009 coins. Bitcoin’s official message board 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. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible 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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView