Bitcoin Achieves Market Capitalization of $1,392.22 Billion (BTC)

Bitcoin (BTC) traded down 2.3% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on October 31st. Bitcoin has a market capitalization of $1,392.22 billion and $40.03 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be purchased for about $70,400.18 on popular exchanges. In the last seven days, Bitcoin has traded up 4.1% against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded down 3% against the dollar and now trades at $361.17 or 0.00513018 BTC.
• Arweave (AR) traded 5.2% lower against the dollar and now trades at $15.75 or 0.00022379 BTC.
• Bitcoin SV (BSV) traded 0.6% higher against the dollar and now trades at $50.98 or 0.00072413 BTC.
• eCash (XEC) traded down 0.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.4% against the dollar and now trades at $0.0987 or 0.00000140 BTC.

Bitcoin Coin Profile

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 19,775,821 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official website 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.

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 GDAX, Changelly or Coinbase.

BTC/USD price chart by TradingView