Bitcoin (BTC) Price Tops $63,950.38

Bitcoin (BTC) traded up 0.3% against the US dollar during the one day period ending at 8:00 AM E.T. on May 6th. During the last seven days, Bitcoin has traded 2.6% higher against the US dollar. Bitcoin has a total market cap of $1,259.49 billion and $22.88 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be bought for $63,950.38 on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded 2% higher against the dollar and now trades at $472.47 or 0.00736873 BTC.
• Arweave (AR) traded up 6.1% against the dollar and now trades at $39.55 or 0.00061683 BTC.
• Bitcoin SV (BSV) traded up 0.4% against the dollar and now trades at $64.76 or 0.00100995 BTC.
• eCash (XEC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 4.8% against the dollar and now trades at $0.20 or 0.00000318 BTC.

Bitcoin Profile

Bitcoin (CRYPTO: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 19,694,756 coins. The official message board for Bitcoin is bitcointalk.org. 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. 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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView