Bitcoin (BTC) Market Cap Tops $1.60 trillion

Bitcoin (BTC) traded up 2.9% against the US dollar during the 1 day period ending at 10:00 AM E.T. on August 24th. Bitcoin has a total market capitalization of $1.60 trillion and approximately $44.39 billion worth of Bitcoin was traded on exchanges in the last day. In the last week, Bitcoin has traded up 25.3% against the US dollar. One Bitcoin coin can now be bought for approximately $79,668.83 on popular cryptocurrency exchanges.

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

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $2.23 or 0.00002802 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $278.43 or 0.00349490 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $16.87 or 0.00021172 BTC.
• eCash (XEC) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5.7% higher against the dollar and now trades at $0.0019 or 0.00000002 BTC.

Bitcoin Profile

Bitcoin 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 20,071,937 coins. The official message board for Bitcoin is bitcointalk.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 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 acquire Bitcoin using US dollars directly can do so using Changelly, Coinbase or GDAX.

BTC/USD price chart by TradingView