Bitcoin Price Up 4.2% This Week (BTC)

Bitcoin (BTC) traded 2.5% higher against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on May 10th. In the last week, Bitcoin has traded 4.2% higher against the dollar. One Bitcoin coin can currently be purchased for about $62,984.68 on cryptocurrency exchanges. Bitcoin has a total market cap of $1,240.57 billion and approximately $24.79 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $449.74 or 0.00714048 BTC.
• Arweave (AR) traded 15.1% higher against the dollar and now trades at $44.20 or 0.00070176 BTC.
• Bitcoin SV (BSV) traded 2.7% higher against the dollar and now trades at $65.03 or 0.00103254 BTC.
• eCash (XEC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.2% higher against the dollar and now trades at $0.20 or 0.00000315 BTC.

About Bitcoin

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,696,371 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official message board for Bitcoin is bitcointalk.org.

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 U.S. dollars directly can do so using GDAX, Changelly or Gemini.

BTC/USD price chart by TradingView