Bitcoin (BTC) Achieves Market Capitalization of $1,145.95 Billion

Bitcoin (BTC) traded down 4.3% against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on August 4th. One Bitcoin coin can currently be purchased for about $58,065.26 on cryptocurrency exchanges. Bitcoin has a total market cap of $1,145.95 billion and $29.01 billion worth of Bitcoin was traded on exchanges in the last day. During the last week, Bitcoin has traded 14.5% lower against the U.S. dollar.

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

• Bitcoin Cash (BCH) traded down 5.4% against the dollar and now trades at $340.17 or 0.00585838 BTC.
• Arweave (AR) traded down 7.9% against the dollar and now trades at $20.53 or 0.00035351 BTC.
• Bitcoin SV (BSV) traded 5.7% lower against the dollar and now trades at $39.69 or 0.00068353 BTC.
• eCash (XEC) traded down 6.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.6% lower against the dollar and now trades at $0.0742 or 0.00000128 BTC.

Bitcoin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,735,528 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.”

Bitcoin Coin Trading

Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using Gemini, GDAX or Coinbase.

BTC/USD price chart by TradingView