Bitcoin (BTC) Trading Up 7.2% Over Last Week

Bitcoin (BTC) traded 2.4% lower against the U.S. dollar during the 24-hour period ending at 17:00 PM E.T. on May 8th. One Bitcoin coin can currently be purchased for about $61,500.08 on exchanges. Bitcoin has a market capitalization of $1,211.28 billion and $1.15 billion worth of Bitcoin was traded on exchanges in the last day. Over the last week, Bitcoin has traded up 7.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded 7.2% lower against the dollar and now trades at $446.53 or 0.00726117 BTC.
• Arweave (AR) traded down 3.8% against the dollar and now trades at $36.65 or 0.00059602 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $62.71 or 0.00101978 BTC.
• eCash (XEC) traded down 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.5% lower against the dollar and now trades at $0.19 or 0.00000306 BTC.

Bitcoin Coin Profile

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 19,695,612 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 acquire Bitcoin using US dollars directly can do so using Changelly, GDAX or Gemini.

BTC/USD price chart by TradingView