Bitcoin 1-Day Trading Volume Tops $23.11 Billion (BTC)

Bitcoin (BTC) traded 2% higher against the U.S. dollar during the one day period ending at 13:00 PM ET on July 27th. One Bitcoin coin can now be bought for $68,717.15 on popular cryptocurrency exchanges. Bitcoin has a total market capitalization of $1,355.92 billion and approximately $23.11 billion worth of Bitcoin was traded on exchanges in the last day. Over the last week, Bitcoin has traded up 2.9% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin Cash (BCH) traded up 5% against the dollar and now trades at $395.31 or 0.00575243 BTC.
• Arweave (AR) traded up 0.9% against the dollar and now trades at $31.69 or 0.00046120 BTC.
• Bitcoin SV (BSV) traded up 4.1% against the dollar and now trades at $46.39 or 0.00067502 BTC.
• eCash (XEC) traded 16.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2% higher against the dollar and now trades at $0.11 or 0.00000155 BTC.

Bitcoin Profile

BTC 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 19,731,900 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.”

Buying and Selling Bitcoin

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

BTC/USD price chart by TradingView