Bitcoin Market Capitalization Tops $1,258.34 Billion (BTC)

Bitcoin (BTC) traded 1.6% higher against the US dollar during the twenty-four hour period ending at 20:00 PM Eastern on May 4th. Bitcoin has a total market capitalization of $1,258.34 billion and approximately $20.63 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can currently be purchased for about $63,893.99 on popular exchanges. During the last week, Bitcoin has traded up 0.7% against the US dollar.

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

• Bitcoin Cash (BCH) traded up 2.3% against the dollar and now trades at $463.49 or 0.00725408 BTC.
• Arweave (AR) traded up 3.6% against the dollar and now trades at $35.82 or 0.00056057 BTC.
• Bitcoin SV (BSV) traded 3.2% higher against the dollar and now trades at $65.01 or 0.00101748 BTC.
• eCash (XEC) traded up 3.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded down 0.9% against the dollar and now trades at $0.20 or 0.00000315 BTC.

About Bitcoin

Bitcoin (BTC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 13th, 2010. Bitcoin’s total supply is 19,694,106 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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. Bitcoin’s official message board is bitcointalk.org.

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 acquire Bitcoin using U.S. dollars directly can do so using Coinbase, Gemini or GDAX.

BTC/USD price chart by TradingView