Bitcoin Reaches Market Cap of $1,201.85 Billion (BTC)

Bitcoin (BTC) traded down 2% against the US dollar during the 1 day period ending at 15:00 PM ET on June 26th. One Bitcoin coin can now be purchased for $60,954.47 on popular cryptocurrency exchanges. Bitcoin has a market capitalization of $1,201.85 billion and approximately $1.24 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin has traded 6.3% lower against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $376.53 or 0.00617730 BTC.
• Arweave (AR) traded 12% lower against the dollar and now trades at $26.10 or 0.00042820 BTC.
• Bitcoin SV (BSV) traded down 2.7% against the dollar and now trades at $44.61 or 0.00073188 BTC.
• eCash (XEC) traded down 3.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.9% lower against the dollar and now trades at $0.12 or 0.00000201 BTC.

Bitcoin Profile

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 19,717,153 coins. Bitcoin’s official message board is bitcointalk.org. 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.

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 U.S. dollars directly can do so using Gemini, GDAX or Coinbase.

BTC/USD price chart by TradingView