Bitcoin Trading Up 1.3% Over Last 7 Days (BTC)

Bitcoin (BTC) traded up 1.3% against the dollar during the one day period ending at 13:00 PM ET on May 5th. Over the last seven days, Bitcoin has traded up 1.3% against the dollar. One Bitcoin coin can currently be purchased for about $64,436.29 on popular exchanges. Bitcoin has a market cap of $1,269.03 billion and $805.46 million 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 1.5% higher against the dollar and now trades at $469.54 or 0.00728600 BTC.
• Arweave (AR) traded 13.6% higher against the dollar and now trades at $41.07 or 0.00063737 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $65.31 or 0.00101343 BTC.
• eCash (XEC) traded down 0.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 2% higher against the dollar and now trades at $0.20 or 0.00000314 BTC.

Bitcoin Coin Profile

Bitcoin (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 19,694,390 coins. Bitcoin’s official message board 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 Coinbase, Gemini or Changelly.

BTC/USD price chart by TradingView