Bitcoin (BTC) Reaches 24-Hour Volume of $42.77 Billion

Bitcoin (BTC) traded 1% higher against the US dollar during the 24-hour period ending at 20:00 PM ET on April 16th. Bitcoin has a total market cap of $1,255.25 billion and $42.77 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for $63,767.86 on major exchanges. During the last week, Bitcoin has traded down 7.6% against the US dollar.

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

• Bitcoin Cash (BCH) traded down 4% against the dollar and now trades at $482.80 or 0.00757120 BTC.
• Arweave (AR) traded down 3% against the dollar and now trades at $24.49 or 0.00038401 BTC.
• Bitcoin SV (BSV) traded up 0.6% against the dollar and now trades at $66.71 or 0.00104619 BTC.
• eCash (XEC) traded 0.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.8% against the dollar and now trades at $0.22 or 0.00000343 BTC.

About Bitcoin

BTC 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 19,684,693 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 website is bitcoin.org. Bitcoin’s official message board 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 trade Bitcoin using U.S. dollars directly can do so using Gemini, GDAX or Changelly.

BTC/USD price chart by TradingView