Bitcoin (BTC) Reaches Market Cap of $203.48 Billion

Bitcoin (CURRENCY:BTC) traded down 0.9% against the U.S. dollar during the 1-day period ending at 19:00 PM ET on August 12th. During the last seven days, Bitcoin has traded down 3.1% against the U.S. dollar. Bitcoin has a total market capitalization of $203.48 billion and $13.65 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for about $11,384.64 on exchanges including ZB.COM, BitBay, Trade By Trade and Coinone.

Here is how similar cryptocurrencies have performed during the last day:

  • Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $330.13 or 0.02898823 BTC.
  • Steem (STEEM) traded up 0% against the dollar and now trades at $0.19 or 0.00001700 BTC.
  • Unobtanium (UNO) traded down 3.2% against the dollar and now trades at $93.17 or 0.00818233 BTC.
  • Namecoin (NMC) traded 1.4% lower against the dollar and now trades at $0.77 or 0.00006757 BTC.
  • Counterparty (XCP) traded up 1.1% against the dollar and now trades at $2.14 or 0.00018759 BTC.
  • Crown (CRW) traded down 0.6% against the dollar and now trades at $0.0599 or 0.00000526 BTC.
  • Terracoin (TRC) traded 1.4% lower against the dollar and now trades at $0.0383 or 0.00000336 BTC.
  • PIXEL (PXL) traded 7.4% lower against the dollar and now trades at $0.0085 or 0.00000075 BTC.
  • CHIPS (CHIPS) traded flat against the dollar and now trades at $0.0205 or 0.00000392 BTC.
  • Zetacoin (ZET) traded 1.2% lower against the dollar and now trades at $0.0020 or 0.00000018 BTC.

About Bitcoin

Bitcoin (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 17,873,000 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The Reddit community for Bitcoin is /r/bitcoin and the currency’s Github account can be viewed here. 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.”

Bitcoin Coin Trading

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

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