Bitcoin (BTC) Trading Down 0.4% This Week

Bitcoin (BTC) traded 1% higher against the US dollar during the 24-hour period ending at 18:00 PM E.T. on February 6th. One Bitcoin coin can currently be purchased for about $43,184.27 on major cryptocurrency exchanges. Bitcoin has a market capitalization of $847.29 billion and $959.31 million worth of Bitcoin was traded on exchanges in the last day. Over the last seven days, Bitcoin has traded 0.4% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

  • Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $235.53 or 0.00545405 BTC.
  • Bitcoin SV (BSV) traded up 2.4% against the dollar and now trades at $71.90 or 0.00166489 BTC.
  • eCash (XEC) traded 0.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Arweave (AR) traded 4.5% lower against the dollar and now trades at $7.88 or 0.00018237 BTC.
  • Syscoin (SYS) traded up 2% against the dollar and now trades at $0.12 or 0.00000267 BTC.

Bitcoin Profile

BTC 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 19,620,400 coins. 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. The official message board for Bitcoin 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using US dollars directly can do so using Coinbase, GDAX or Gemini.

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