Bitcoin Price Hits $42,587.34 on Exchanges (BTC)

Bitcoin (BTC) traded 1% lower against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on February 4th. Bitcoin has a total market capitalization of $835.50 billion and approximately $14.81 billion worth of Bitcoin was traded on exchanges in the last day. Over the last week, Bitcoin has traded 1.8% higher against the U.S. dollar. One Bitcoin coin can currently be purchased for about $42,587.34 on cryptocurrency exchanges.

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

  • Bitcoin Cash (BCH) traded down 0.9% against the dollar and now trades at $235.18 or 0.00552228 BTC.
  • Bitcoin SV (BSV) traded 3.1% lower against the dollar and now trades at $70.92 or 0.00166533 BTC.
  • eCash (XEC) traded down 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Arweave (AR) traded down 1% against the dollar and now trades at $8.45 or 0.00019852 BTC.
  • Syscoin (SYS) traded down 6.3% against the dollar and now trades at $0.11 or 0.00000264 BTC.

Bitcoin Profile

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 19,618,400 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.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 US dollars directly can do so using Gemini, GDAX or Coinbase.

Receive News & Updates for Bitcoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Bitcoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.