Bitcoin (CURRENCY:BTC) traded 1.1% lower against the US dollar during the 1-day period ending at 7:00 AM Eastern on May 16th. One Bitcoin coin can currently be purchased for about $7,947.41 on popular exchanges including Paribu, HitBTC, Ovis and Liquid. Bitcoin has a market cap of $140.70 billion and approximately $33.40 billion worth of Bitcoin was traded on exchanges in the last day. Over the last seven days, Bitcoin has traded up 30.8% against the US dollar.
Here’s how other cryptocurrencies have performed over the last day:
- Bitcoin Cash (BCH) traded up 4.1% against the dollar and now trades at $401.62 or 0.05062287 BTC.
- Steem (STEEM) traded 5% higher against the dollar and now trades at $0.38 or 0.00004818 BTC.
- Unobtanium (UNO) traded 3.9% lower against the dollar and now trades at $162.26 or 0.02044926 BTC.
- Namecoin (NMC) traded 6.7% higher against the dollar and now trades at $0.41 or 0.00005109 BTC.
- Crown (CRW) traded 6.2% higher against the dollar and now trades at $0.15 or 0.00001886 BTC.
- Counterparty (XCP) traded down 11.3% against the dollar and now trades at $1.24 or 0.00015688 BTC.
- Terracoin (TRC) traded down 1.6% against the dollar and now trades at $0.0397 or 0.00000501 BTC.
- ATBCoin (ATB) traded 16.9% lower against the dollar and now trades at $0.0120 or 0.00000151 BTC.
- CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
- Zetacoin (ZET) traded 0.1% higher against the dollar and now trades at $0.0024 or 0.00000030 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
Bitcoin can be bought or sold on the following cryptocurrency exchanges: Mercatox, Coinbase Pro, DragonEX, Bitinka, Vebitcoin, Iquant, Upbit, Cryptonex, CoinEx, LocalTrade, Fatbtc, Coinhub, Bitstamp, Bit-Z, Coinbe, HADAX, BitMart, Cryptopia, Exmo, itBit, HitBTC, ABCC, CEX.IO, Coincheck, IDAX, EXX, OEX, Binance, Livecoin, Allcoin, UEX, Bibox, OKEx, BTCBOX, Covesting, BiteBTC, Instant Bitex, LakeBTC, Trade By Trade, Negocie Coins, Kryptono, Bitlish, Simex, CoinBene, Korbit, Bithumb, B2BX, ZB.COM, Cobinhood, LATOKEN, Coinone, FCoin, Tidex, Coindeal, CoinsBank, xBTCe, Liquid, BitForex, Gate.io, TOPBTC, YoBit, bitFlyer, RightBTC, Kucoin, LBank, Bitfinex, CPDAX, MBAex, Bitsane, InfinityCoin Exchange, Zaif, BTC-Alpha, CoinTiger, BitBay, Coinroom, BCEX, Kraken, Bittrex, ChaoEX, GOPAX, Exrates, Huobi, Coinsquare, IDCM, QuadrigaCX, Bitbank, Paribu, OOOBTC, CoinEgg, BtcTrade.im, Ovis, DigiFinex, Sistemkoin, Gemini, Coinsuper, C2CX, Hotbit, BigONE, DOBI trade, Poloniex and BitMEX. Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Gemini, Changelly or Coinbase.
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