Bitcoin (BTC) Trading 5.8% Lower This Week

Bitcoin (BTC) traded down 0.5% against the US dollar during the 1-day period ending at 14:00 PM Eastern on October 5th. During the last seven days, Bitcoin has traded 5.8% lower against the US dollar. One Bitcoin coin can currently be bought for $61,895.93 on major exchanges. Bitcoin has a market capitalization of $1,223.28 billion and approximately $15.01 billion worth of Bitcoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $321.05 or 0.00518696 BTC.
• Arweave (AR) traded down 1.7% against the dollar and now trades at $18.43 or 0.00029773 BTC.
• Bitcoin SV (BSV) traded down 0.3% against the dollar and now trades at $45.75 or 0.00073911 BTC.
• eCash (XEC) traded down 2.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.6% against the dollar and now trades at $0.0951 or 0.00000154 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2010. Bitcoin’s total supply is 19,763,487 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official website is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board is bitcointalk.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.

BTC/USD price chart by TradingView