Bitcoin (BTC) Price Hits $70,840.21

Bitcoin (BTC) traded 1.5% higher against the dollar during the one day period ending at 11:00 AM Eastern on March 25th. Bitcoin has a market cap of $1.42 trillion and approximately $1.86 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin has traded down 0.7% against the dollar. One Bitcoin coin can currently be bought for $70,840.21 on major cryptocurrency exchanges.

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

• Arweave (AR) traded 0.5% lower against the dollar and now trades at $1.88 or 0.00002655 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $475.72 or 0.00671540 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $14.23 or 0.00020091 BTC.
• eCash (XEC) traded 0.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 2.8% against the dollar and now trades at $0.0118 or 0.00000017 BTC.

About Bitcoin

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was July 13th, 2010. Bitcoin’s total supply is 20,003,043 coins. Bitcoin’s official website is bitcoin.org. 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 https://reddit.com/r/bitcoin and the currency’s Github account can be viewed 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, GDAX or Gemini.

BTC/USD price chart by TradingView