Bitcoin Trading 12.4% Lower This Week (BTC)

Bitcoin (BTC) traded down 3.8% against the dollar during the 1-day period ending at 0:00 AM Eastern on April 17th. One Bitcoin coin can now be purchased for approximately $61,769.97 on major cryptocurrency exchanges. In the last week, Bitcoin has traded down 12.4% against the dollar. Bitcoin has a total market capitalization of $1,215.99 billion and approximately $42.42 billion worth of Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Cash (BCH) traded 2.6% lower against the dollar and now trades at $475.13 or 0.00769193 BTC.
• Arweave (AR) traded 2% lower against the dollar and now trades at $24.44 or 0.00039564 BTC.
• Bitcoin SV (BSV) traded down 2.2% against the dollar and now trades at $65.86 or 0.00106623 BTC.
• eCash (XEC) traded 4.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded down 4.3% against the dollar and now trades at $0.21 or 0.00000344 BTC.

About Bitcoin

Bitcoin 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 19,685,775 coins. The official message board for Bitcoin is bitcointalk.org. Bitcoin’s official website 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 Twitter account is @bitcoin and its Facebook page is accessible 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 US dollars directly can do so using GDAX, Changelly or Coinbase.

BTC/USD price chart by TradingView