Bitcoin (BTC) Reaches Market Cap of $1,257.77 Billion

Bitcoin (BTC) traded 4% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on April 25th. One Bitcoin coin can now be purchased for $63,878.40 on major exchanges. Bitcoin has a market capitalization of $1,257.77 billion and approximately $33.09 billion worth of Bitcoin was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin has traded up 1.7% against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded down 6.1% against the dollar and now trades at $475.38 or 0.00744385 BTC.
• Arweave (AR) traded 3.2% lower against the dollar and now trades at $32.77 or 0.00051320 BTC.
• Bitcoin SV (BSV) traded down 8.4% against the dollar and now trades at $66.20 or 0.00103665 BTC.
• eCash (XEC) traded down 8.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.5% lower against the dollar and now trades at $0.23 or 0.00000362 BTC.

About 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 19,690,000 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.”

Bitcoin Coin Trading

Investors seeking to trade Bitcoin using US dollars directly can do so using GDAX, Coinbase or Changelly.

BTC/USD price chart by TradingView