Bitcoin (BTC) Market Capitalization Hits $1,864.45 Billion

Bitcoin (BTC) traded 2% lower against the US dollar during the 24 hour period ending at 8:00 AM E.T. on December 24th. Over the last seven days, Bitcoin has traded down 12% against the US dollar. Bitcoin has a market cap of $1,864.45 billion and $54.48 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be purchased for approximately $94,161.54 on popular exchanges.

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

• Bitcoin Cash (BCH) traded 4% higher against the dollar and now trades at $463.10 or 0.00491814 BTC.
• Arweave (AR) traded up 5.1% against the dollar and now trades at $17.14 or 0.00018201 BTC.
• Bitcoin SV (BSV) traded up 2.6% against the dollar and now trades at $55.88 or 0.00059350 BTC.
• eCash (XEC) traded 0.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4% higher against the dollar and now trades at $0.12 or 0.00000122 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,800,506 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. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official message board for Bitcoin is bitcointalk.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 U.S. dollars directly can do so using GDAX, Gemini or Changelly.

BTC/USD price chart by TradingView