Bitcoin Trading Down 8.8% Over Last Week (BTC)

Bitcoin (BTC) traded 1.3% lower against the dollar during the one day period ending at 14:00 PM E.T. on April 16th. Bitcoin has a market cap of $1,237.51 billion and approximately $44.94 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for about $62,867.53 on exchanges. In the last seven days, Bitcoin has traded 8.8% lower against the dollar.

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

• Bitcoin Cash (BCH) traded down 4.5% against the dollar and now trades at $480.80 or 0.00764786 BTC.
• Arweave (AR) traded down 7.3% against the dollar and now trades at $24.15 or 0.00038410 BTC.
• Bitcoin SV (BSV) traded 1.3% higher against the dollar and now trades at $66.76 or 0.00106191 BTC.
• eCash (XEC) traded down 1.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 4% higher against the dollar and now trades at $0.22 or 0.00000355 BTC.

Bitcoin Coin Profile

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 19,684,406 coins. The official message board for Bitcoin is bitcointalk.org. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using US dollars directly can do so using Gemini, Coinbase or GDAX.

BTC/USD price chart by TradingView