Bitcoin (BTC) Achieves Market Capitalization of $1,254.20 Billion

Bitcoin (BTC) traded down 1% against the dollar during the 1 day period ending at 9:00 AM E.T. on October 1st. One Bitcoin coin can now be bought for $63,467.46 on cryptocurrency exchanges. Over the last seven days, Bitcoin has traded 0.1% lower against the dollar. Bitcoin has a market cap of $1,254.20 billion and approximately $31.62 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $339.76 or 0.00535323 BTC.
• Arweave (AR) traded 5.3% lower against the dollar and now trades at $22.52 or 0.00035479 BTC.
• Bitcoin SV (BSV) traded down 2.7% against the dollar and now trades at $48.98 or 0.00077169 BTC.
• eCash (XEC) traded 2.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.7% lower against the dollar and now trades at $0.11 or 0.00000167 BTC.

About Bitcoin

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 19,761,375 coins. Bitcoin’s official website is bitcoin.org. Bitcoin’s official message board 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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView