Bitcoin 1-Day Volume Tops $1.61 Billion (BTC)

Bitcoin (BTC) traded 0.3% lower against the dollar during the one day period ending at 10:00 AM E.T. on September 1st. During the last seven days, Bitcoin has traded 0.9% lower against the dollar. One Bitcoin coin can currently be purchased for about $78,306.14 on cryptocurrency exchanges. Bitcoin has a market capitalization of $1.57 trillion and $1.61 billion worth of Bitcoin was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

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• Arweave (AR) traded 9.1% higher against the dollar and now trades at $2.25 or 0.00002880 BTC.
• Bitcoin Cash (BCH) traded up 1.7% against the dollar and now trades at $248.84 or 0.00317773 BTC.
• Bitcoin SV (BSV) traded up 1.5% against the dollar and now trades at $15.90 or 0.00020310 BTC.
• eCash (XEC) traded up 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 20.1% against the dollar and now trades at $0.0024 or 0.00000003 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 20,078,237 coins. 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. Bitcoin’s official message board is bitcointalk.org. The official website for Bitcoin is bitcoin.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 trade Bitcoin using U.S. dollars directly can do so using Coinbase, GDAX or Gemini.

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