Bitcoin Trading 1.8% Lower This Week (BTC)

Bitcoin (BTC) traded 6.4% higher against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on May 3rd. Over the last week, Bitcoin has traded down 1.8% against the U.S. dollar. One Bitcoin coin can currently be purchased for about $62,815.92 on popular exchanges. Bitcoin has a total market capitalization of $1,237.07 billion and $2.14 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded up 5% against the dollar and now trades at $453.21 or 0.00721492 BTC.
• Arweave (AR) traded down 1.3% against the dollar and now trades at $35.15 or 0.00055959 BTC.
• Bitcoin SV (BSV) traded up 5.8% against the dollar and now trades at $63.17 or 0.00100562 BTC.
• eCash (XEC) traded 4.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.2% higher against the dollar and now trades at $0.20 or 0.00000322 BTC.

Bitcoin Profile

Bitcoin (CRYPTO: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 19,693,590 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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.

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 Changelly, GDAX or Gemini.

BTC/USD price chart by TradingView