Bitcoin One Day Trading Volume Hits $28.71 Billion (BTC)

Bitcoin (BTC) traded down 1.3% against the U.S. dollar during the one day period ending at 20:00 PM E.T. on May 6th. One Bitcoin coin can now be bought for approximately $63,256.36 on major cryptocurrency exchanges. Bitcoin has a market capitalization of $1,245.83 billion and $28.71 billion worth of Bitcoin was traded on exchanges in the last day. In the last seven days, Bitcoin has traded down 0.8% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

  • Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $474.38 or 0.00749926 BTC.
  • Arweave (AR) traded down 0.4% against the dollar and now trades at $40.36 or 0.00063801 BTC.
  • Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $63.63 or 0.00100598 BTC.
  • eCash (XEC) traded down 2.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 0.9% lower against the dollar and now trades at $0.20 or 0.00000319 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 19,694,909 coins. The official website for Bitcoin 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 trade Bitcoin using US dollars directly can do so using Gemini, GDAX or Coinbase.

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