Bitcoin (CURRENCY:BTC) traded 6.5% lower against the US dollar during the one day period ending at 13:00 PM E.T. on June 4th. Bitcoin has a market cap of $141.24 billion and approximately $23.04 billion worth of Bitcoin was traded on exchanges in the last 24 hours. During the last week, Bitcoin has traded down 8.5% against the US dollar. One Bitcoin coin can currently be purchased for about $7,961.73 on popular exchanges including OOOBTC, B2BX, Bittrex and Negocie Coins.

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

  • Bitcoin Cash (BCH) traded down 7.7% against the dollar and now trades at $393.31 or 0.04951877 BTC.
  • Steem (STEEM) traded 6.6% lower against the dollar and now trades at $0.37 or 0.00004673 BTC.
  • Unobtanium (UNO) traded 17.2% lower against the dollar and now trades at $121.41 or 0.01528628 BTC.
  • Namecoin (NMC) traded down 11.4% against the dollar and now trades at $0.51 or 0.00006481 BTC.
  • Counterparty (XCP) traded 7.5% higher against the dollar and now trades at $2.46 or 0.00030962 BTC.
  • Crown (CRW) traded 7.5% lower against the dollar and now trades at $0.16 or 0.00002048 BTC.
  • Terracoin (TRC) traded down 7.8% against the dollar and now trades at $0.0262 or 0.00000329 BTC.
  • ATBCoin (ATB) traded 6.8% lower against the dollar and now trades at $0.0133 or 0.00000167 BTC.
  • CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
  • Zetacoin (ZET) traded 4.2% higher against the dollar and now trades at $0.0022 or 0.00000027 BTC.

Bitcoin Coin Profile

Bitcoin (CRYPTO:BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was January 3rd, 2009. Bitcoin’s total supply is 17,740,237 coins. The Reddit community for Bitcoin is /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. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official website is bitcoin.org.

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 traded on these cryptocurrency exchanges: itBit, Bit-Z, Bibox, OEX, Simex, BTCBOX, BitMEX, Tidex, EXX, BiteBTC, Coinsquare, Coinroom, Ovis, HADAX, GOPAX, Bithumb, IDCM, TOPBTC, BitMart, Bitlish, Hotbit, Gemini, Zaif, Bittrex, BitForex, Kraken, Kucoin, MBAex, Coinbase Pro, Exmo, Bitbank, Cobinhood, LocalTrade, DragonEX, Vebitcoin, Liquid, Negocie Coins, BTC-Alpha, CEX.IO, Poloniex, BtcTrade.im, B2BX, OOOBTC, FCoin, UEX, Coinone, YoBit, Binance, Korbit, Mercatox, CoinTiger, Kryptono, Allcoin, bitFlyer, DigiFinex, Coinbe, CoinEgg, ChaoEX, Coindeal, Paribu, Sistemkoin, Coincheck, BigONE, LBank, C2CX, CoinEx, CoinBene, QuadrigaCX, BCEX, CPDAX, Bitfinex, Bitstamp, ABCC, Coinsuper, xBTCe, ZB.COM, Covesting, OKEx, IDAX, Iquant, Bitsane, InfinityCoin Exchange, Fatbtc, Huobi, LakeBTC, Bitinka, Cryptonex, BitBay, Cryptopia, Livecoin, RightBTC, Coinhub, Gate.io, Trade By Trade, Exrates, HitBTC, LATOKEN, CoinsBank, Upbit, DOBI trade and Instant Bitex. Investors seeking to acquire Bitcoin using US dollars directly can do so using GDAX, Changelly or Gemini.

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