Bitcoin (BTC) Price Hits $54,389.07

Bitcoin (BTC) traded 1.1% higher against the dollar during the 24 hour period ending at 0:00 AM ET on September 7th. One Bitcoin coin can currently be purchased for $54,389.07 on exchanges. Bitcoin has a total market cap of $1,074.25 billion and $18.14 billion worth of Bitcoin was traded on exchanges in the last day. During the last seven days, Bitcoin has traded down 7% against the dollar.

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

• Bitcoin Cash (BCH) traded 3% higher against the dollar and now trades at $304.45 or 0.00559772 BTC.
• Arweave (AR) traded 0.1% lower against the dollar and now trades at $20.15 or 0.00037045 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $44.19 or 0.00081241 BTC.
• eCash (XEC) traded up 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 7.1% higher against the dollar and now trades at $0.10 or 0.00000192 BTC.

Bitcoin Coin 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 19,751,234 coins. The official website for Bitcoin is bitcoin.org. 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. 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 US dollars directly can do so using Gemini, Coinbase or GDAX.

BTC/USD price chart by TradingView