Bitcoin Trading 3.8% Higher This Week (BTC)

Bitcoin (BTC) traded 0.4% lower against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on May 26th. Bitcoin has a market cap of $1,356.71 billion and $14.72 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be bought for $68,854.80 on major exchanges. During the last seven days, Bitcoin has traded up 3.8% against the U.S. dollar.

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

  • Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $484.17 or 0.00703174 BTC.
  • Arweave (AR) traded 4.2% lower against the dollar and now trades at $38.66 or 0.00056141 BTC.
  • Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $63.63 or 0.00092416 BTC.
  • eCash (XEC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Syscoin (SYS) traded 0.4% lower against the dollar and now trades at $0.19 or 0.00000276 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 19,703,984 coins. The official website for Bitcoin is bitcoin.org. The Reddit community for Bitcoin is https://reddit.com/r/bitcoin and the currency’s Github account can be viewed here. 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 trade Bitcoin using U.S. dollars directly can do so using Changelly, Coinbase or Gemini.

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