Bitcoin Reaches 24 Hour Trading Volume of $19.28 Billion (BTC)

Bitcoin (BTC) traded up 0.3% against the dollar during the twenty-four hour period ending at 17:00 PM Eastern on November 2nd. One Bitcoin coin can currently be bought for approximately $69,440.92 on exchanges. During the last week, Bitcoin has traded up 3.4% against the dollar. Bitcoin has a total market cap of $1,373.32 billion and $19.28 billion worth of Bitcoin was traded on exchanges in the last 24 hours.

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

• Bitcoin Cash (BCH) traded up 1.8% against the dollar and now trades at $353.39 or 0.00508906 BTC.
• Bitcoin SV (BSV) traded 1.7% lower against the dollar and now trades at $49.20 or 0.00070858 BTC.
• Arweave (AR) traded 1.7% lower against the dollar and now trades at $14.44 or 0.00020789 BTC.
• eCash (XEC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 1.1% against the dollar and now trades at $0.0970 or 0.00000140 BTC.

Bitcoin Coin 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 19,776,871 coins. 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. The official message board for Bitcoin is bitcointalk.org. The official website for Bitcoin is bitcoin.org.

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

BTC/USD price chart by TradingView