Bitcoin Price Up 10.4% Over Last 7 Days (BTC)

Bitcoin (BTC) traded 3.2% higher against the US dollar during the 24-hour period ending at 12:00 PM E.T. on May 17th. Bitcoin has a total market cap of $1,322.46 billion and $1.51 billion worth of Bitcoin was traded on exchanges in the last day. During the last week, Bitcoin has traded 10.4% higher against the US dollar. One Bitcoin coin can now be bought for about $67,131.26 on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin Cash (BCH) traded up 6% against the dollar and now trades at $471.64 or 0.00702569 BTC.
• Arweave (AR) traded up 10.1% against the dollar and now trades at $47.65 or 0.00070985 BTC.
• Bitcoin SV (BSV) traded 4.4% higher against the dollar and now trades at $64.85 or 0.00096607 BTC.
• eCash (XEC) traded up 2.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 4.4% higher against the dollar and now trades at $0.20 or 0.00000297 BTC.

About Bitcoin

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 13th, 2010. Bitcoin’s total supply is 19,699,578 coins. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. Bitcoin’s official message board 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 trade Bitcoin using U.S. dollars directly can do so using GDAX, Coinbase or Gemini.

BTC/USD price chart by TradingView