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 and the currency’s Github account can be viewed here. Bitcoin’s official message board is Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is

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.

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