Bitcoin (BTC) Reaches 24 Hour Volume of $2.25 Billion

Bitcoin (BTC) traded down 3% against the U.S. dollar during the 1-day period ending at 11:00 AM Eastern on January 20th. Over the last week, Bitcoin has traded down 2% against the U.S. dollar. Bitcoin has a market cap of $1.81 trillion and $2.25 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for approximately $90,489.46 on exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 2.6% lower against the dollar and now trades at $3.65 or 0.00004039 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $571.12 or 0.00631150 BTC.
• Bitcoin SV (BSV) traded 3.4% lower against the dollar and now trades at $18.44 or 0.00020383 BTC.
• eCash (XEC) traded down 3.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.8% lower against the dollar and now trades at $0.0196 or 0.00000022 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,978,421 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official website is bitcoin.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, Gemini or Coinbase.

BTC/USD price chart by TradingView