Bitcoin Reaches Market Capitalization of $1,152.18 Billion (BTC)

Bitcoin (BTC) traded down 3.9% against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on August 4th. Bitcoin has a market cap of $1,152.18 billion and approximately $31.51 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for about $58,380.47 on exchanges. In the last seven days, Bitcoin has traded down 14.3% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin Cash (BCH) traded 8.5% lower against the dollar and now trades at $332.99 or 0.00569922 BTC.
• Arweave (AR) traded down 7.7% against the dollar and now trades at $21.01 or 0.00035956 BTC.
• Bitcoin SV (BSV) traded 6.5% lower against the dollar and now trades at $40.15 or 0.00068721 BTC.
• eCash (XEC) traded 8.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 7.9% against the dollar and now trades at $0.0762 or 0.00000130 BTC.

Bitcoin Profile

Bitcoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 19,735,656 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. The official message board for Bitcoin is bitcointalk.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 acquire Bitcoin using U.S. dollars directly can do so using GDAX, Gemini or Changelly.

BTC/USD price chart by TradingView