Bitcoin (CURRENCY:BTC) traded 9.3% higher against the dollar during the 1 day period ending at 7:00 AM Eastern on January 14th. One Bitcoin coin can currently be bought for about $37,985.44 on cryptocurrency exchanges. In the last seven days, Bitcoin has traded up 1.9% against the dollar. Bitcoin has a market capitalization of $706.53 billion and approximately $63.00 billion worth of Bitcoin was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed in the last day:
- Bitcoin Cash (BCH) traded up 4.6% against the dollar and now trades at $502.50 or 0.01322879 BTC.
- Bitcoin SV (BSV) traded up 3.9% against the dollar and now trades at $210.50 or 0.00554155 BTC.
- Bitcoin Cash ABC (BCHA) traded up 9.2% against the dollar and now trades at $16.94 or 0.00044591 BTC.
- Steem (STEEM) traded up 3.6% against the dollar and now trades at $0.18 or 0.00000477 BTC.
- Unobtanium (UNO) traded up 11.3% against the dollar and now trades at $66.41 or 0.00174826 BTC.
- Namecoin (NMC) traded up 9.1% against the dollar and now trades at $0.63 or 0.00001657 BTC.
- DragonVein (DVC) traded 1.9% higher against the dollar and now trades at $0.0437 or 0.00000115 BTC.
- Counterparty (XCP) traded up 8% against the dollar and now trades at $1.30 or 0.00003416 BTC.
- Crown (CRW) traded 0.3% higher against the dollar and now trades at $0.0880 or 0.00000232 BTC.
- DAOBet (BET) traded up 4.5% against the dollar and now trades at $0.0080 or 0.00000021 BTC.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. “
Buying and Selling Bitcoin
Bitcoin can be bought or sold on these cryptocurrency exchanges: . Investors seeking to acquire Bitcoin using U.S. dollars directly can do so using GDAX, Changelly or Coinbase.
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