Bitcoin Price Up 1.8% This Week (BTC)

Bitcoin (BTC) traded up 0.2% against the dollar during the 1-day period ending at 20:00 PM E.T. on May 5th. Bitcoin has a total market cap of $1,261.27 billion and $803.62 million worth of Bitcoin was traded on exchanges in the last 24 hours. During the last week, Bitcoin has traded 1.8% higher against the dollar. One Bitcoin coin can now be purchased for $64,041.82 on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $469.12 or 0.00732326 BTC.
• Arweave (AR) traded 13.4% higher against the dollar and now trades at $40.55 or 0.00063299 BTC.
• Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $64.73 or 0.00101041 BTC.
• eCash (XEC) traded down 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 0.6% against the dollar and now trades at $0.20 or 0.00000317 BTC.

Bitcoin Coin Profile

Bitcoin 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 19,694,521 coins. Bitcoin’s official website is bitcoin.org. Bitcoin’s official message board is bitcointalk.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. 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 trade Bitcoin using US dollars directly can do so using Gemini, Changelly or GDAX.

BTC/USD price chart by TradingView