Bitcoin Price Hits $68,151.54 (BTC)

Bitcoin (BTC) traded 2.4% lower against the dollar during the 1-day period ending at 22:00 PM Eastern on November 2nd. One Bitcoin coin can currently be bought for about $68,151.54 on exchanges. Bitcoin has a market capitalization of $1,347.83 billion and approximately $19.89 billion worth of Bitcoin was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin has traded 1.8% higher against the dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin Cash (BCH) traded 0.7% lower against the dollar and now trades at $349.83 or 0.00513311 BTC.
• Bitcoin SV (BSV) traded down 4.5% against the dollar and now trades at $47.77 or 0.00070090 BTC.
• Arweave (AR) traded down 5.1% against the dollar and now trades at $14.22 or 0.00020860 BTC.
• eCash (XEC) traded 3.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 5% lower against the dollar and now trades at $0.0957 or 0.00000140 BTC.

About Bitcoin

Bitcoin (CRYPTO: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 19,776,940 coins. Bitcoin’s official message board is bitcointalk.org. Bitcoin’s official Twitter account is @bitcoin and its Facebook page is accessible here. 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.

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 GDAX, Changelly or Gemini.

BTC/USD price chart by TradingView