Bitcoin (BTC) Price Reaches $62,520.12

Bitcoin (BTC) traded 2% lower against the US dollar during the 1 day period ending at 9:00 AM E.T. on April 29th. Bitcoin has a market capitalization of $1,231.13 billion and approximately $890.07 million worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for $62,520.12 on popular cryptocurrency exchanges. Over the last seven days, Bitcoin has traded down 5.6% against the US dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded 4.9% lower against the dollar and now trades at $454.70 or 0.00727287 BTC.
• Arweave (AR) traded 1.8% lower against the dollar and now trades at $34.90 or 0.00055822 BTC.
• Bitcoin SV (BSV) traded down 3% against the dollar and now trades at $64.77 or 0.00103605 BTC.
• eCash (XEC) traded down 5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 5.3% against the dollar and now trades at $0.21 or 0.00000331 BTC.

About Bitcoin

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2010. Bitcoin’s total supply is 19,691,731 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. The official website for Bitcoin is bitcoin.org. 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 US dollars directly can do so using Gemini, GDAX or Coinbase.

BTC/USD price chart by TradingView