Bitcoin Price Up 4.3% Over Last Week (BTC)

Bitcoin (BTC) traded 0.8% lower against the dollar during the twenty-four hour period ending at 11:00 AM E.T. on June 17th. Over the last seven days, Bitcoin has traded 4.3% higher against the dollar. Bitcoin has a market capitalization of $1.30 trillion and $1.11 billion worth of Bitcoin was traded on exchanges in the last 24 hours. One Bitcoin coin can now be purchased for about $65,057.78 on popular exchanges.

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

• Arweave (AR) traded up 1.6% against the dollar and now trades at $2.05 or 0.00003149 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $212.40 or 0.00326472 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $12.28 or 0.00018872 BTC.
• eCash (XEC) traded down 0.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 33.3% against the dollar and now trades at $0.0026 or 0.00000004 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 20,044,050 coins. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. The official website for Bitcoin is bitcoin.org. The official message board for Bitcoin is bitcointalk.org. 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 acquire Bitcoin using US dollars directly can do so using Gemini, Coinbase or Changelly.

BTC/USD price chart by TradingView