Bitcoin (BTC) Price Up 1.5% This Week

Bitcoin (BTC) traded 5.4% higher against the US dollar during the 24-hour period ending at 8:00 AM E.T. on May 4th. During the last week, Bitcoin has traded up 1.5% against the US dollar. Bitcoin has a market capitalization of $1,259.06 billion and approximately $1.96 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be bought for about $63,931.82 on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded 8.8% higher against the dollar and now trades at $473.60 or 0.00740796 BTC.
• Arweave (AR) traded down 1% against the dollar and now trades at $34.74 or 0.00054340 BTC.
• Bitcoin SV (BSV) traded 11.4% higher against the dollar and now trades at $65.54 or 0.00102514 BTC.
• eCash (XEC) traded up 11.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.4% higher against the dollar and now trades at $0.20 or 0.00000314 BTC.

About Bitcoin

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2010. Bitcoin’s total supply is 19,693,868 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin is bitcoin.org. Bitcoin’s official message board is bitcointalk.org. 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 trade Bitcoin using U.S. dollars directly can do so using Coinbase, Gemini or Changelly.

BTC/USD price chart by TradingView