Bitcoin (CURRENCY:BTC) traded 3.2% lower against the U.S. dollar during the 24-hour period ending at 17:00 PM ET on December 6th. One Bitcoin coin can currently be purchased for $3,660.78 on cryptocurrency exchanges including LBank, xBTCe, BitMEX and bitFlyer. Over the last seven days, Bitcoin has traded 14.2% lower against the U.S. dollar. Bitcoin has a total market cap of $63.74 billion and $5.78 billion worth of Bitcoin was traded on exchanges in the last 24 hours.
Here’s how related cryptocurrencies have performed over the last 24 hours:
- Bitcoin Cash (BCH) traded down 14.2% against the dollar and now trades at $113.83 or 0.03114624 BTC.
- Steem (STEEM) traded 10.1% lower against the dollar and now trades at $0.27 or 0.00007304 BTC.
- Unobtanium (UNO) traded 4.2% higher against the dollar and now trades at $69.79 or 0.01909749 BTC.
- Namecoin (NMC) traded down 3.7% against the dollar and now trades at $0.48 or 0.00012998 BTC.
- Counterparty (XCP) traded 6.1% lower against the dollar and now trades at $2.26 or 0.00061666 BTC.
- Crown (CRW) traded 17.4% lower against the dollar and now trades at $0.14 or 0.00003932 BTC.
- CHIPS (CHIPS) traded down 29% against the dollar and now trades at $0.0502 or 0.00001371 BTC.
- Terracoin (TRC) traded 3.2% lower against the dollar and now trades at $0.0216 or 0.00000592 BTC.
- ATBCoin (ATB) traded up 16% against the dollar and now trades at $0.0073 or 0.00000201 BTC.
- UnbreakableCoin (UNB) traded flat against the dollar and now trades at $0.11 or 0.00001757 BTC.
According to CryptoCompare, “Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. “
Buying and Selling Bitcoin
Bitcoin can be traded on these cryptocurrency exchanges: C2CX, DragonEX, Hotbit, Vebitcoin, BitBay, Bitlish, Bithumb, Kraken, HADAX, Coincheck, Zaif, Cobinhood, DigiFinex, Cryptopia, Tidex, QuadrigaCX, Kucoin, Coinbase Pro, GOPAX, OKEx, OOOBTC, Coinroom, BitMart, Liquid, Instant Bitex, CPDAX, MBAex, CoinTiger, Bitinka, Exmo, Livecoin, Gate.io, Cryptonex, ABCC, CoinsBank, BigONE, Poloniex, Bitsane, OEX, Bibox, IDAX, DOBI trade, CoinEx, BTC-Alpha, CoinEgg, bitFlyer, BiteBTC, Gemini, BCEX, InfinityCoin Exchange, ChaoEX, CEX.IO, Coindeal, IDCM, LocalTrade, Sistemkoin, LakeBTC, Coinbe, Kryptono, LBank, Binance, Bit-Z, ZB.COM, RightBTC, Paribu, Bitbank, Exrates, Bittrex, EXX, BTCBOX, Trade By Trade, Ovis, BtcTrade.im, Coinsuper, xBTCe, Coinsquare, Fatbtc, Coinone, Iquant, YoBit, Allcoin, Huobi, B2BX, LATOKEN, Mercatox, Upbit, UEX, CoinBene, Bitfinex, Negocie Coins, Coinhub, itBit, Simex, FCoin, BitForex, Bitstamp, TOPBTC, BitMEX, HitBTC and Korbit. Investors seeking to trade Bitcoin using U.S. dollars directly can do so using GDAX, Changelly or Gemini.
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