Bitcoin (BTC) Hits Market Capitalization of $1,206.25 Billion

Bitcoin (BTC) traded down 4.1% against the US dollar during the 1 day period ending at 19:00 PM ET on April 17th. Bitcoin has a market cap of $1,206.25 billion and $41.88 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can currently be bought for approximately $61,275.99 on exchanges. During the last seven days, Bitcoin has traded 13.2% lower against the US dollar.

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

• Bitcoin Cash (BCH) traded down 5.1% against the dollar and now trades at $464.95 or 0.00758776 BTC.
• Arweave (AR) traded 0.9% lower against the dollar and now trades at $24.50 or 0.00039983 BTC.
• Bitcoin SV (BSV) traded 3.3% lower against the dollar and now trades at $65.42 or 0.00106768 BTC.
• eCash (XEC) traded down 5.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.3% lower against the dollar and now trades at $0.21 or 0.00000344 BTC.

Bitcoin Profile

BTC 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 19,685,581 coins. The official website for Bitcoin 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. 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 GDAX, Coinbase or Changelly.

BTC/USD price chart by TradingView