Bitcoin (BTC) Reaches 1-Day Trading Volume of $2.94 Billion

Bitcoin (BTC) traded 5.7% higher against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on February 25th. One Bitcoin coin can now be purchased for approximately $67,553.76 on exchanges. During the last seven days, Bitcoin has traded 0.7% higher against the US dollar. Bitcoin has a market cap of $1.35 trillion and $2.94 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 2.4% lower against the dollar and now trades at $1.84 or 0.00002722 BTC.
• Bitcoin Cash (BCH) traded 7.8% higher against the dollar and now trades at $516.07 or 0.00763403 BTC.
• Bitcoin SV (BSV) traded 10.7% higher against the dollar and now trades at $16.71 or 0.00024724 BTC.
• eCash (XEC) traded 5.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.7% higher against the dollar and now trades at $0.0113 or 0.00000017 BTC.

Bitcoin Profile

BTC 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 19,994,659 coins. The official website for Bitcoin is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official message board 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 GDAX, Coinbase or Changelly.

BTC/USD price chart by TradingView