Bitcoin (BTC) Trading Down 7% Over Last 7 Days

Bitcoin (BTC) traded down 3.1% against the US dollar during the 24 hour period ending at 12:00 PM ET on July 5th. Over the last seven days, Bitcoin has traded 7% lower against the US dollar. One Bitcoin coin can now be purchased for approximately $56,546.71 on exchanges. Bitcoin has a market cap of $1,115.07 billion and approximately $3.08 billion worth of Bitcoin was traded on exchanges in the last day.

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

• Bitcoin Cash (BCH) traded down 5.6% against the dollar and now trades at $324.62 or 0.00574069 BTC.
• Arweave (AR) traded down 3.2% against the dollar and now trades at $22.88 or 0.00040467 BTC.
• Bitcoin SV (BSV) traded 8% lower against the dollar and now trades at $35.29 or 0.00062405 BTC.
• eCash (XEC) traded down 2.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 8.6% against the dollar and now trades at $0.0981 or 0.00000174 BTC.

Bitcoin 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 19,719,496 coins. 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. The official website for Bitcoin is bitcoin.org. 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 acquire Bitcoin using US dollars directly can do so using Gemini, Changelly or Coinbase.

BTC/USD price chart by TradingView