Bitcoin Price Down 2.7% Over Last 7 Days (BTC)

Bitcoin (BTC) traded up 0.6% against the dollar during the 24-hour period ending at 12:00 PM Eastern on January 12th. One Bitcoin coin can now be purchased for approximately $91,231.46 on major exchanges. Over the last week, Bitcoin has traded down 2.7% against the dollar. Bitcoin has a market capitalization of $1.82 trillion and approximately $2.63 billion worth of Bitcoin was traded on exchanges in the last day.

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

• Arweave (AR) traded down 2% against the dollar and now trades at $3.69 or 0.00004042 BTC.
• Bitcoin Cash (BCH) traded 6.3% lower against the dollar and now trades at $615.10 or 0.00674248 BTC.
• Bitcoin SV (BSV) traded 1.6% lower against the dollar and now trades at $19.20 or 0.00021046 BTC.
• eCash (XEC) traded down 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 2.2% against the dollar and now trades at $0.0190 or 0.00000021 BTC.

Bitcoin Coin Profile

BTC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on July 13th, 2010. Bitcoin’s total supply is 19,974,993 coins. 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. Bitcoin’s official website is bitcoin.org. The official message board for Bitcoin 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 Gemini, GDAX or Changelly.

BTC/USD price chart by TradingView