Bitcoin (CURRENCY:BTC) traded 2.2% higher against the U.S. dollar during the one day period ending at 20:00 PM Eastern on October 13th. One Bitcoin coin can currently be bought for approximately $57,381.22 on popular cryptocurrency exchanges. Bitcoin has a market cap of $1,081.24 billion and approximately $41.42 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin has traded up 4.2% against the U.S. dollar.
Here is how similar cryptocurrencies have performed in the last 24 hours:
- Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $594.17 or 0.01035480 BTC.
- Bitcoin Cash ABC (BCHA) traded down 9.5% against the dollar and now trades at $195.83 or 0.00341282 BTC.
- Bitcoin SV (BSV) traded up 0.5% against the dollar and now trades at $172.85 or 0.00301223 BTC.
- Steem (STEEM) traded up 6.7% against the dollar and now trades at $0.63 or 0.00001098 BTC.
- Counterparty (XCP) traded 8.9% higher against the dollar and now trades at $22.93 or 0.00039960 BTC.
- Namecoin (NMC) traded 5.1% higher against the dollar and now trades at $1.58 or 0.00002751 BTC.
- DAOBet (BET) traded up 1.6% against the dollar and now trades at $0.0318 or 0.00000056 BTC.
- DragonVein (DVC) traded down 3.6% against the dollar and now trades at $0.0050 or 0.00000009 BTC.
- PIXEL (PXL) traded 2.3% higher against the dollar and now trades at $0.0046 or 0.00000008 BTC.
- Citadel.one (XCT) traded 6.5% lower against the dollar and now trades at $0.27 or 0.00000473 BTC.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. “
Buying and Selling Bitcoin
Investors seeking to acquire Bitcoin using US dollars directly can do so using Changelly, Gemini or Coinbase.
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