Bitcoin Hits Market Capitalization of $1,196.15 Billion (BTC)

Bitcoin (BTC) traded up 1.5% against the dollar during the twenty-four hour period ending at 21:00 PM Eastern on August 13th. In the last seven days, Bitcoin has traded up 7.8% against the dollar. One Bitcoin coin can currently be bought for $60,596.52 on popular exchanges. Bitcoin has a total market cap of $1,196.15 billion and approximately $29.74 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded 2.9% lower against the dollar and now trades at $350.41 or 0.00578272 BTC.
• Arweave (AR) traded up 3.3% against the dollar and now trades at $21.92 or 0.00036174 BTC.
• Bitcoin SV (BSV) traded 1.4% higher against the dollar and now trades at $43.94 or 0.00072519 BTC.
• eCash (XEC) traded 0.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2% against the dollar and now trades at $0.0758 or 0.00000125 BTC.

About Bitcoin

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 19,739,590 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 acquire Bitcoin using U.S. dollars directly can do so using Coinbase, Changelly or Gemini.

BTC/USD price chart by TradingView