Bitcoin Price Up 2.7% Over Last 7 Days (BTC)

Bitcoin (BTC) traded 1.5% lower against the US dollar during the one day period ending at 18:00 PM ET on October 8th. In the last seven days, Bitcoin has traded up 2.7% against the US dollar. Bitcoin has a total market capitalization of $1,233.78 billion and approximately $2.28 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for approximately $62,422.18 on exchanges.

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

  • Bitcoin Cash (BCH) traded 0.4% higher against the dollar and now trades at $330.46 or 0.00529401 BTC.
  • Arweave (AR) traded down 1.7% against the dollar and now trades at $19.01 or 0.00030450 BTC.
  • Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $45.72 or 0.00073247 BTC.
  • eCash (XEC) traded 3.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded down 1.5% against the dollar and now trades at $0.10 or 0.00000161 BTC.

Bitcoin Profile

BTC 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 19,765,040 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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. The official website for Bitcoin 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.”

Buying and Selling Bitcoin

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

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