Bitcoin (CURRENCY:BTC) traded up 2.6% against the U.S. dollar during the twenty-four hour period ending at 19:00 PM E.T. on November 25th. Bitcoin has a total market capitalization of $1,115.62 billion and approximately $35.02 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin has traded up 3.1% against the U.S. dollar. One Bitcoin coin can currently be bought for about $59,080.00 on cryptocurrency exchanges.
Here’s how related cryptocurrencies have performed in the last 24 hours:
- Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $614.01 or 0.01039290 BTC.
- Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $158.11 or 0.00267624 BTC.
- Steem (STEEM) traded 19.8% higher against the dollar and now trades at $0.75 or 0.00001270 BTC.
- Counterparty (XCP) traded 1.1% higher against the dollar and now trades at $17.30 or 0.00029287 BTC.
- Namecoin (NMC) traded up 1.3% against the dollar and now trades at $1.96 or 0.00003313 BTC.
- DAOBet (BET) traded 1.6% higher against the dollar and now trades at $0.0318 or 0.00000056 BTC.
- SafeBlast (BLAST) traded 0.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
- PIXEL (PXL) traded 3.6% lower against the dollar and now trades at $0.0042 or 0.00000007 BTC.
- DragonVein (DVC) traded up 2.7% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
- Citadel.one (XCT) traded up 4.1% against the dollar and now trades at $0.18 or 0.00000312 BTC.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. “
Bitcoin Coin Trading
Investors seeking to acquire Bitcoin using US dollars directly can do so using Coinbase, Changelly or Gemini.
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