Bitcoin Market Cap Reaches $1,312.48 Billion (BTC)

Bitcoin (BTC) traded 0.7% higher against the US dollar during the one day period ending at 15:00 PM E.T. on June 16th. One Bitcoin coin can now be purchased for about $66,579.11 on major exchanges. Bitcoin has a total market cap of $1,312.48 billion and $372.34 million worth of Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin has traded down 4.5% against the US dollar.

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

• Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $427.21 or 0.00641656 BTC.
• Arweave (AR) traded down 0.3% against the dollar and now trades at $28.55 or 0.00042878 BTC.
• Bitcoin SV (BSV) traded 0.3% lower against the dollar and now trades at $49.39 or 0.00074185 BTC.
• eCash (XEC) traded 1.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.1% against the dollar and now trades at $0.15 or 0.00000226 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,713,153 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official website is bitcoin.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Changelly, GDAX or Coinbase.

BTC/USD price chart by TradingView