Bitcoin (BTC) Market Capitalization Reaches $1,332.43 Billion

Bitcoin (BTC) traded down 0.4% against the US dollar during the twenty-four hour period ending at 17:00 PM E.T. on October 22nd. Bitcoin has a total market cap of $1,332.43 billion and approximately $2.21 billion worth of Bitcoin was traded on exchanges in the last day. Over the last week, Bitcoin has traded up 1.5% against the US dollar. One Bitcoin coin can now be bought for $67,391.21 on exchanges.

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

• Bitcoin Cash (BCH) traded 2.2% lower against the dollar and now trades at $356.45 or 0.00528925 BTC.
• Arweave (AR) traded down 1.5% against the dollar and now trades at $18.40 or 0.00027303 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $48.09 or 0.00071353 BTC.
• eCash (XEC) traded 2.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.3% higher against the dollar and now trades at $0.11 or 0.00000158 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 19,771,528 coins. Bitcoin’s official website is bitcoin.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. Bitcoin’s official message board 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.”

Bitcoin Coin Trading

Investors seeking to trade Bitcoin using US dollars directly can do so using Coinbase, Gemini or GDAX.

BTC/USD price chart by TradingView